Freshpet Inc. (FRPT) Trading Up 3.2%
Shares of Freshpet Inc. (NASDAQ:FRPT) were up 3.2% during mid-day trading on Wednesday . The stock traded as high as $10.75 and last traded at $10.55, with a volume of 96,415 shares. The stock had previously closed at $10.22.
Several analysts have recently issued reports on FRPT shares. Robert W. Baird reiterated a “buy” rating on shares of Freshpet in a research note on Monday, May 16th. Zacks Investment Research upgraded shares of Freshpet from a “hold” rating to a “buy” rating and set a $10.00 target price for the company in a research note on Tuesday, May 10th. TheStreet upgraded shares of Freshpet from a “sell” rating to a “hold” rating in a research note on Monday, June 20th. Wedbush lowered shares of Freshpet from an “outperform” rating to a “neutral” rating and upped their target price for the stock from $10.00 to $11.00 in a research note on Monday, August 15th. Finally, Goldman Sachs Group Inc. reiterated a “neutral” rating and issued a $10.00 target price (up previously from $9.00) on shares of Freshpet in a research note on Friday, July 15th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $10.56.
The firm’s market capitalization is $334.22 million. The firm has a 50-day moving average price of $10.01 and a 200 day moving average price of $8.71.
Freshpet (NASDAQ:FRPT) last announced its quarterly earnings data on Thursday, August 4th. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.03) by $0.07. The business earned $33 million during the quarter, compared to analyst estimates of $32.92 million. During the same period in the prior year, the company earned ($0.07) earnings per share. The company’s revenue for the quarter was up 16.4% on a year-over-year basis. Equities research analysts expect that Freshpet Inc. will post ($0.11) EPS for the current fiscal year.
In other Freshpet news, VP Cathal Walsh sold 37,639 shares of the firm’s stock in a transaction on Tuesday, August 9th. The stock was sold at an average price of $10.69, for a total transaction of $402,360.91. Following the completion of the transaction, the vice president now owns 130,898 shares of the company’s stock, valued at $1,399,299.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Scott James Morris sold 22,315 shares of the firm’s stock in a transaction on Tuesday, August 9th. The shares were sold at an average price of $10.64, for a total value of $237,431.60. Following the transaction, the insider now directly owns 225,045 shares of the company’s stock, valued at approximately $2,394,478.80. The disclosure for this sale can be found here.
Freshpet, Inc is a manufacturer of fresh, refrigerated pet food distributed across North America. The Company operates in the segment of manufacturing, marketing and distribution of pet food and pet treats for dogs and cats. The Company offers products consisting of dog food, cat food, and dog and cat treats.