Freshpet, Inc. (NASDAQ:FRPT) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.

Several other research firms also recently weighed in on FRPT. Zacks Investment Research downgraded Freshpet from a “hold” rating to a “sell” rating in a research note on Monday, May 8th. Credit Suisse Group raised their price objective on Freshpet from $10.00 to $12.00 and gave the company a “neutral” rating in a research note on Friday, May 5th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $20.00 price objective (up from $14.00) on shares of Freshpet in a research note on Thursday, July 20th. SunTrust Banks, Inc. raised their price objective on Freshpet from $15.00 to $20.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, Imperial Capital initiated coverage on Freshpet in a research note on Thursday, July 20th. They issued an “in-line” rating and a $16.50 price objective for the company. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $15.69.

Shares of Freshpet (FRPT) opened at 15.30 on Friday. The stock has a 50 day moving average price of $16.50 and a 200-day moving average price of $13.40. The firm’s market capitalization is $486.54 million. Freshpet has a 52 week low of $7.60 and a 52 week high of $18.25.

Freshpet (NASDAQ:FRPT) last issued its earnings results on Monday, August 7th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by $0.01. Freshpet had a negative return on equity of 3.44% and a negative net margin of 2.57%. The business had revenue of $39.97 million for the quarter, compared to analysts’ expectations of $38.09 million. During the same period last year, the company posted ($0.10) earnings per share. The business’s quarterly revenue was up 21.1% on a year-over-year basis. On average, analysts anticipate that Freshpet will post ($0.08) EPS for the current year.

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In related news, CEO William B. Cyr purchased 7,300 shares of the company’s stock in a transaction on Thursday, May 18th. The stock was bought at an average price of $13.75 per share, with a total value of $100,375.00. Following the completion of the transaction, the chief executive officer now owns 75,532 shares of the company’s stock, valued at approximately $1,038,565. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Scott James Morris sold 5,000 shares of the firm’s stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $16.73, for a total value of $83,650.00. Following the transaction, the insider now directly owns 207,307 shares of the company’s stock, valued at approximately $3,468,246.11. The disclosure for this sale can be found here. Company insiders own 8.20% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in FRPT. Bank of Montreal Can increased its position in Freshpet by 1.4% in the second quarter. Bank of Montreal Can now owns 7,368 shares of the company’s stock valued at $122,000 after buying an additional 103 shares during the last quarter. Goldman Sachs Group Inc. bought a new position in Freshpet during the first quarter valued at $122,000. American International Group Inc. increased its position in Freshpet by 7.1% in the first quarter. American International Group Inc. now owns 13,762 shares of the company’s stock valued at $151,000 after buying an additional 917 shares during the last quarter. UBS Asset Management Americas Inc. bought a new position in Freshpet during the first quarter valued at $155,000. Finally, Oppenheimer Asset Management Inc. bought a new position in Freshpet during the first quarter valued at $183,000. 65.49% of the stock is owned by institutional investors.

Freshpet Company Profile

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’s products consist of dog food, cat food, and dog and cat treats.

Analyst Recommendations for Freshpet (NASDAQ:FRPT)

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