Freshpet Inc. (FRPT) Stock Price Down 0.8%
Freshpet Inc. (NASDAQ:FRPT) traded down 0.8% on Tuesday . The company traded as low as $10.45 and last traded at $10.52, with a volume of 116,801 shares traded. The stock had previously closed at $10.61.
A number of equities research analysts recently weighed in on the company. TheStreet lowered Freshpet from a “hold” rating to a “sell” rating in a research report on Thursday, August 18th. Wedbush lowered Freshpet from an “outperform” rating to a “neutral” rating and boosted their price objective for the stock from $10.00 to $11.00 in a research report on Monday, August 15th. Zacks Investment Research upgraded Freshpet from a “strong sell” rating to a “hold” rating in a research report on Monday, August 8th. Robert W. Baird restated an “outperform” rating and set a $10.00 price objective on shares of Freshpet in a research report on Monday, August 8th. Finally, Stephens upgraded Freshpet from an “equal weight” rating to an “overweight” rating in a research report on Friday, August 5th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $10.56.
The stock’s 50-day moving average price is $9.94 and its 200 day moving average price is $8.54. The firm’s market cap is $334.54 million.
Freshpet (NASDAQ:FRPT) last issued its quarterly earnings data on Thursday, August 4th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.03) by $0.07. During the same quarter in the previous year, the business earned ($0.07) EPS. The company earned $33 million during the quarter, compared to the consensus estimate of $32.92 million. The business’s quarterly revenue was up 16.4% compared to the same quarter last year. On average, analysts predict that Freshpet Inc. will post ($0.11) earnings per share for the current fiscal year.
In other Freshpet news, VP Stephen Macchiaverna sold 10,052 shares of the firm’s stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of $10.76, for a total transaction of $108,159.52. Following the sale, the vice president now owns 77,938 shares in the company, valued at $838,612.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Mary Kathryn Winstanley sold 7,171 shares of the firm’s stock in a transaction dated Friday, May 27th. The shares were sold at an average price of $9.86, for a total value of $70,706.06. Following the sale, the vice president now owns 23,655 shares in the company, valued at approximately $233,238.30. 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.