Several brokerages have updated their recommendations and price targets on shares of Freshpet (NASDAQ: FRPT) in the last few weeks:

  • 8/8/2017 – Freshpet had its price target raised by analysts at SunTrust Banks, Inc. from $15.00 to $20.00. They now have a “buy” rating on the stock.
  • 8/4/2017 – Freshpet was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/24/2017 – Freshpet was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $20.00 price target on the stock. According to Zacks, “Freshpet Inc. is a pet food company. The company manufactures and markets natural fresh foods, refrigerated meals, and treats for dogs and cats in the United States and Canada. Freshpet provides meats- based recipes, such as chicken, beef, lamb and salmon; fruits and vegetables, such as carrots, peas and leafy green vegetables, and high-fiber grains, such as brown rice, oats and barley. It sells its products under the Freshpet, Dognation, and Dog Joy brand names. Freshpet Inc. is headquartered in Secaucus, New Jersey. “
  • 7/20/2017 – Freshpet is now covered by analysts at Imperial Capital. They set an “in-line” rating and a $16.50 price target on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 7/20/2017 – Freshpet had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $20.00 price target on the stock, up previously from $14.00.
  • 7/4/2017 – Freshpet was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Freshpet Inc. is a pet food company. The company manufactures and markets natural fresh foods, refrigerated meals, and treats for dogs and cats in the United States and Canada. Freshpet provides meats- based recipes, such as chicken, beef, lamb and salmon; fruits and vegetables, such as carrots, peas and leafy green vegetables, and high-fiber grains, such as brown rice, oats and barley. It sells its products under the Freshpet, Dognation, and Dog Joy brand names. Freshpet Inc. is headquartered in Secaucus, New Jersey. “
  • 6/16/2017 – Freshpet had its price target raised by analysts at Credit Suisse Group from $12.00 to $15.00. They now have a “neutral” rating on the stock.

Freshpet, Inc. (FRPT) traded up 3.12% during midday trading on Tuesday, reaching $16.55. The company had a trading volume of 754,539 shares. The company’s market capitalization is $526.29 million. The firm has a 50-day moving average of $16.45 and a 200 day moving average of $13.13. Freshpet, Inc. has a 1-year low of $7.60 and a 1-year high of $18.25.

Freshpet (NASDAQ:FRPT) last issued its quarterly earnings data on Monday, August 7th. The company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by $0.01. The company had revenue of $39.97 million for the quarter, compared to analysts’ expectations of $38.09 million. Freshpet had a negative return on equity of 4.06% and a negative net margin of 3.14%. The company’s revenue for the quarter was up 21.1% compared to the same quarter last year. During the same quarter last year, the company earned ($0.10) earnings per share. On average, equities research analysts forecast that Freshpet, Inc. will post ($0.07) EPS for the current year.

In related news, CFO Richard A. Kassar sold 15,125 shares of the company’s stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $15.26, for a total transaction of $230,807.50. Following the transaction, the chief financial officer now directly owns 215,119 shares of the company’s stock, valued at approximately $3,282,715.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Scott James Morris sold 5,000 shares of the company’s stock in a transaction dated Friday, May 12th. The shares were sold at an average price of $14.20, for a total value of $71,000.00. Following the transaction, the insider now directly owns 202,307 shares in the company, valued at $2,872,759.40. The disclosure for this sale can be found here. Insiders have sold a total of 35,125 shares of company stock valued at $526,758 over the last 90 days. 8.20% of the stock is currently owned by company insiders.

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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