Freshpet Inc (FRPT) Given Consensus Rating of “Hold” by Analysts
Freshpet Inc (NASDAQ:FRPT) has been assigned an average rating of “Hold” from the eleven research firms that are currently covering the company, Marketbeat reports. 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 company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $18.08.
A number of equities analysts have recently commented on FRPT shares. Zacks Investment Research lowered shares of Freshpet from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. BidaskClub lowered shares of Freshpet from a “hold” rating to a “sell” rating in a report on Saturday, August 12th. Susquehanna Bancshares started coverage on shares of Freshpet in a report on Monday, October 2nd. They issued a “neutral” rating and a $15.00 price target on the stock. Robert W. Baird set a $20.00 price target on shares of Freshpet and gave the stock a “buy” rating in a report on Sunday, October 15th. Finally, Credit Suisse Group increased their price target on shares of Freshpet from $15.00 to $17.00 and gave the stock a “neutral” rating in a report on Tuesday, November 7th.
In related news, insider Scott James Morris sold 2,500 shares of the stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $18.71, for a total transaction of $46,775.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Stephen Macchiaverna sold 6,000 shares of the stock in a transaction on Friday, September 15th. The shares were sold at an average price of $15.81, for a total transaction of $94,860.00. Following the transaction, the vice president now directly owns 78,938 shares in the company, valued at approximately $1,248,009.78. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 66,319 shares of company stock worth $1,150,255. 6.80% of the stock is owned by insiders.
Shares of Freshpet (FRPT) opened at $18.95 on Thursday. Freshpet has a twelve month low of $9.20 and a twelve month high of $19.30.
Freshpet (NASDAQ:FRPT) last issued its quarterly earnings results on Monday, November 6th. The company reported ($0.01) EPS for the quarter, hitting the Zacks’ consensus estimate of ($0.01). The firm had revenue of $41.20 million for the quarter, compared to analyst estimates of $41.19 million. Freshpet had a negative net margin of 3.04% and a negative return on equity of 4.19%. The business’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.02 EPS. equities research analysts anticipate that Freshpet will post -0.11 earnings per share for the current year.
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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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