Freshpet (NASDAQ:FRPT)‘s stock had its “hold” rating reiterated by analysts at Oppenheimer in a note issued to investors on Friday.

A number of other equities research analysts also recently issued reports on FRPT. BidaskClub downgraded shares of Freshpet from a “hold” rating to a “sell” rating in a research report on Saturday, August 12th. Zacks Investment Research downgraded shares of Freshpet from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. SunTrust Banks raised their price target on shares of Freshpet from $15.00 to $20.00 and gave the company a “buy” rating in a report on Tuesday, August 8th. Susquehanna Bancshares initiated coverage on shares of Freshpet in a report on Monday, October 2nd. They set a “neutral” rating and a $15.00 price target on the stock. Finally, Robert W. Baird set a $20.00 price target on shares of Freshpet and gave the company a “buy” rating in a report on Sunday, October 15th. Two analysts have rated the stock with a sell rating, five 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 $18.36.

Freshpet (NASDAQ FRPT) traded up $0.10 during trading on Friday, reaching $19.00. 248,200 shares of the company were exchanged, compared to its average volume of 196,920. Freshpet has a 1 year low of $8.70 and a 1 year high of $19.10.

Freshpet (NASDAQ:FRPT) last released its earnings results on Monday, November 6th. The company reported ($0.01) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $41.19 million. During the same quarter in the prior year, the firm earned $0.02 EPS. The company’s revenue was up 19.4% compared to the same quarter last year. analysts forecast that Freshpet will post -0.11 earnings per share for the current fiscal year.

In other Freshpet news, VP Stephen Macchiaverna sold 6,000 shares of the firm’s stock in a transaction 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Scott James Morris sold 2,101 shares of the firm’s stock in a transaction on Friday, September 15th. The stock was sold at an average price of $15.80, for a total transaction of $33,195.80. Following the completion of the sale, the insider now owns 204,408 shares in the company, valued at $3,229,646.40. The disclosure for this sale can be found here. Insiders sold a total of 66,319 shares of company stock worth $1,150,255 over the last 90 days. Company insiders own 6.80% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Bank of Montreal Can lifted its holdings in Freshpet by 1.4% during the 2nd quarter. Bank of Montreal Can now owns 7,368 shares of the company’s stock valued at $122,000 after purchasing an additional 103 shares during the last quarter. Goldman Sachs Group Inc. bought a new position in Freshpet during the 1st quarter valued at about $122,000. American International Group Inc. lifted its holdings in Freshpet by 7.1% during the 1st quarter. American International Group Inc. now owns 13,762 shares of the company’s stock valued at $151,000 after purchasing an additional 917 shares during the last quarter. UBS Asset Management Americas Inc. bought a new position in Freshpet during the 1st quarter valued at about $155,000. Finally, Voya Investment Management LLC bought a new position in Freshpet during the 2nd quarter valued at about $188,000. Institutional investors and hedge funds own 69.65% of the company’s stock.

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About Freshpet

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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