Freshpet (FRPT) Getting Somewhat Positive Media Coverage, Report Shows
Press coverage about Freshpet (NASDAQ:FRPT) has been trending somewhat positive on Wednesday, Accern Sentiment reports. The research group ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Freshpet earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned news articles about the company an impact score of 44.9275292071186 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Shares of Freshpet (NASDAQ:FRPT) opened at $18.80 on Wednesday. Freshpet has a 52 week low of $9.25 and a 52 week high of $19.40.
Freshpet (NASDAQ:FRPT) last announced its quarterly earnings results on Monday, November 6th. The company reported ($0.01) EPS for the quarter, meeting the Zacks’ consensus estimate of ($0.01). Freshpet had a negative net margin of 3.04% and a negative return on equity of 4.19%. The company had revenue of $41.20 million for the quarter, compared to analysts’ expectations of $41.19 million. During the same period in the prior year, the company posted $0.02 EPS. Freshpet’s revenue was up 19.4% compared to the same quarter last year. sell-side analysts expect that Freshpet will post -0.11 earnings per share for the current year.
FRPT has been the subject of a number of recent analyst reports. Oppenheimer reaffirmed a “hold” rating on shares of Freshpet in a research report on Friday, December 1st. TheStreet raised shares of Freshpet from a “d+” rating to a “c-” rating in a research report on Thursday, November 30th. Robert W. Baird set a $20.00 price objective on shares of Freshpet and gave the stock a “buy” rating in a research report on Sunday, October 15th. Credit Suisse Group boosted their target price on shares of Freshpet from $15.00 to $17.00 and gave the company a “neutral” rating in a research note on Tuesday, November 7th. Finally, Susquehanna Bancshares initiated coverage on shares of Freshpet in a research note on Monday, October 2nd. They issued a “neutral” rating and a $15.00 target price on the stock. Two analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $18.36.
In other Freshpet news, VP Stephen Macchiaverna sold 6,000 shares of the stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $15.81, for a total value of $94,860.00. Following the sale, the vice president now directly owns 78,938 shares in the company, valued at approximately $1,248,009.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Richard A. Kassar sold 10,000 shares of the stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $18.93, for a total transaction of $189,300.00. Following the completion of the sale, the chief financial officer now owns 209,994 shares in the company, valued at $3,975,186.42. The disclosure for this sale can be found here. Insiders sold a total of 76,319 shares of company stock worth $1,339,555 over the last quarter. Corporate insiders own 6.80% of the company’s stock.
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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.
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