Freshpet Inc. (FRPT) Trading Down 1.6%
Freshpet Inc. (NASDAQ:FRPT) was down 1.6% on Friday . The stock traded as low as $10.32 and last traded at $10.34, with a volume of 60,158 shares changing hands. The stock had previously closed at $10.51.
Several equities research analysts have weighed in on FRPT shares. Zacks Investment Research raised shares of Freshpet from a “hold” rating to a “buy” rating and set a $10.00 price target for the company in a research report on Tuesday, May 10th. Robert W. Baird reissued a “buy” rating on shares of Freshpet in a research report on Monday, May 16th. TheStreet raised shares of Freshpet from a “sell” rating to a “hold” rating in a research report on Monday, June 20th. Goldman Sachs Group Inc. reissued a “neutral” rating and set a $10.00 price target (up previously from $9.00) on shares of Freshpet in a research report on Friday, July 15th. Finally, Wedbush reissued an “outperform” rating and set a $10.00 price target on shares of Freshpet in a research report on Friday, August 5th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company. Freshpet presently has an average rating of “Hold” and a consensus price target of $10.56.
The stock has a 50-day moving average of $10.00 and a 200 day moving average of $8.73. The firm’s market capitalization is $325.31 million.
Freshpet (NASDAQ:FRPT) last announced its quarterly earnings results on Thursday, August 4th. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.03) by $0.07. The company had revenue of $33 million for the quarter, compared to the consensus estimate of $32.92 million. The business’s revenue was up 16.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.07) EPS. Equities research analysts anticipate that Freshpet Inc. will post ($0.10) earnings per share for the current year.
In related news, VP Cathal Walsh sold 37,639 shares of the business’s stock in a transaction on Tuesday, August 9th. The shares were sold at an average price of $10.69, for a total value of $402,360.91. Following the sale, the vice president now owns 130,898 shares in the company, valued at $1,399,299.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Scott James Morris sold 22,315 shares of the business’s stock in a transaction on Tuesday, August 9th. The stock was sold at an average price of $10.64, for a total transaction of $237,431.60. Following the completion of the sale, the insider now owns 225,045 shares in the company, 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.
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