Shares of Whole Earth Brands, Inc. (NASDAQ:FREE) have been assigned a consensus rating of “Buy” from the seven analysts that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $19.40.

Several analysts recently issued reports on FREE shares. Lake Street Capital started coverage on Whole Earth Brands in a research report on Monday, February 22nd. They set a “buy” rating and a $19.00 target price for the company. DA Davidson began coverage on Whole Earth Brands in a research report on Monday, December 14th. They set a “buy” rating and a $16.00 target price for the company. Jefferies Financial Group restated a “buy” rating and set a $22.00 price target on shares of Whole Earth Brands in a report on Friday, March 19th. Roth Capital began coverage on Whole Earth Brands in a research note on Thursday, January 28th. They issued a “buy” rating and a $17.00 price objective on the stock. Finally, Zacks Investment Research cut Whole Earth Brands from a “buy” rating to a “hold” rating in a report on Wednesday, March 31st.

FREE traded down $0.09 during midday trading on Friday, reaching $13.38. The company had a trading volume of 548 shares, compared to its average volume of 374,945. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.75 and a current ratio of 3.43. Whole Earth Brands has a 1 year low of $6.92 and a 1 year high of $14.95. The business has a 50-day moving average of $13.35 and a two-hundred day moving average of $10.82.

Whole Earth Brands (NASDAQ:FREE) last released its earnings results on Tuesday, March 16th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.30). The company had revenue of $75.69 million during the quarter, compared to analysts’ expectations of $75.15 million. On average, analysts expect that Whole Earth Brands will post -0.69 EPS for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FREE. SCW Capital Management LP increased its position in shares of Whole Earth Brands by 110.4% during the 4th quarter. SCW Capital Management LP now owns 1,842,378 shares of the company’s stock valued at $20,082,000 after purchasing an additional 966,781 shares during the last quarter. BlackRock Inc. bought a new position in shares of Whole Earth Brands during the 3rd quarter valued at approximately $3,685,000. GW&K Investment Management LLC bought a new position in shares of Whole Earth Brands during the 4th quarter valued at approximately $4,437,000. Armistice Capital LLC increased its position in shares of Whole Earth Brands by 34.5% during the 4th quarter. Armistice Capital LLC now owns 1,108,000 shares of the company’s stock valued at $12,077,000 after purchasing an additional 284,000 shares during the last quarter. Finally, Ancora Advisors LLC increased its position in shares of Whole Earth Brands by 737.0% during the 4th quarter. Ancora Advisors LLC now owns 308,450 shares of the company’s stock valued at $3,362,000 after purchasing an additional 271,600 shares during the last quarter. 68.41% of the stock is currently owned by hedge funds and other institutional investors.

About Whole Earth Brands

Whole Earth Brands, Inc operates as a food company worldwide. It operates in two segments, Branded CPG and Flavors & Ingredients. The Branded CPG segment focuses on building a branded portfolio serving consumers seeking zero-calorie, low-calorie, natural, no-sugar added, and plant-based products.

Featured Story: CAC 40 Index

Analyst Recommendations for Whole Earth Brands (NASDAQ:FREE)

Receive News & Ratings for Whole Earth Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Whole Earth Brands and related companies with MarketBeat.com's FREE daily email newsletter.