Freshpet Inc. (FRPT) Trading Down 1.6%
Freshpet Inc. (NASDAQ:FRPT) was down 1.6% during trading on Friday . The stock traded as low as $10.32 and last traded at $10.34, with a volume of 60,158 shares. The stock had previously closed at $10.51.
Several equities research analysts have recently commented on FRPT shares. Stephens upgraded Freshpet from an “equal weight” rating to an “overweight” rating in a research note on Friday, August 5th. Robert W. Baird restated a “buy” rating on shares of Freshpet in a research note on Monday, May 16th. Wedbush cut Freshpet from an “outperform” rating to a “neutral” rating and upped their price target for the stock from $10.00 to $11.00 in a research note on Monday, August 15th. Goldman Sachs Group Inc. reiterated a “neutral” rating and issued a $10.00 price objective (up previously from $9.00) on shares of Freshpet in a research report on Friday, July 15th. Finally, TheStreet cut Freshpet from a “hold” rating to a “sell” rating in a research report on Thursday, August 18th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $10.56.
The stock’s market cap is $325.31 million. The firm’s 50 day moving average is $10.00 and its 200-day moving average is $8.72.
Freshpet (NASDAQ:FRPT) last released 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. The company 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) EPS. Freshpet’s revenue for the quarter was up 16.4% on a year-over-year basis. On average, equities research analysts forecast that Freshpet Inc. will post ($0.10) EPS for the current fiscal year.
In related news, VP Cathal Walsh sold 37,639 shares of the business’s stock in a transaction that occurred 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 in the company, valued at approximately $1,399,299.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Stephen Macchiaverna sold 10,052 shares of the business’s stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $10.76, for a total value of $108,159.52. Following the transaction, the vice president now owns 77,938 shares of the company’s stock, valued at approximately $838,612.88. 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.