Freshpet (NASDAQ:FRPT) was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued on Friday.

FRPT has been the topic of a number of other reports. Oppenheimer reaffirmed a “hold” rating on shares of Freshpet in a research note on Friday, December 1st. TheStreet raised shares of Freshpet from a “d+” rating to a “c-” rating in a research note on Thursday, November 30th. Robert W. Baird set a $20.00 price target on shares of Freshpet and gave the company a “buy” rating in a research report on Sunday, October 15th. Credit Suisse Group increased their price target on shares of Freshpet from $15.00 to $17.00 and gave the company a “neutral” rating in a research report on Tuesday, November 7th. Finally, Susquehanna Bancshares assumed coverage on shares of Freshpet in a research report on Monday, October 2nd. They set a “neutral” rating and a $15.00 price target on the stock. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $18.36.

Shares of Freshpet (NASDAQ FRPT) remained flat at $$18.95 on Friday. 247,608 shares of the company were exchanged, compared to its average volume of 155,843. Freshpet has a 52 week low of $9.25 and a 52 week high of $19.40.

Freshpet (NASDAQ:FRPT) last announced its earnings results on Monday, November 6th. The company reported ($0.01) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.01). The business had revenue of $41.20 million for the quarter, compared to the consensus estimate of $41.19 million. Freshpet had a negative net margin of 3.04% and a negative return on equity of 4.19%. Freshpet’s quarterly revenue was up 19.4% on a year-over-year basis. During the same period last year, the firm posted $0.02 earnings per share. analysts predict that Freshpet will post -0.11 EPS for the current fiscal year.

In other news, CFO Richard A. Kassar sold 15,125 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $17.92, for a total value of $271,040.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Scott James Morris sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $17.20, for a total transaction of $172,000.00. Following the completion of the transaction, the chief operating officer now owns 212,307 shares in the company, valued at approximately $3,651,680.40. The disclosure for this sale can be found here. Insiders have sold 68,218 shares of company stock worth $1,211,499 over the last quarter. Company insiders own 6.80% of the company’s stock.

Institutional investors have recently modified their holdings of the company. State Street Corp grew its holdings in shares of Freshpet by 18.1% in the second quarter. State Street Corp now owns 385,641 shares of the company’s stock worth $6,401,000 after purchasing an additional 58,972 shares during the last quarter. Emerald Advisers Inc. PA lifted its stake in Freshpet by 27.1% in the third quarter. Emerald Advisers Inc. PA now owns 860,124 shares of the company’s stock worth $13,461,000 after acquiring an additional 183,620 shares during the period. Cubist Systematic Strategies LLC purchased a new stake in Freshpet in the second quarter worth $498,000. Emerald Mutual Fund Advisers Trust lifted its stake in Freshpet by 60.4% in the third quarter. Emerald Mutual Fund Advisers Trust now owns 676,608 shares of the company’s stock worth $10,589,000 after acquiring an additional 254,789 shares during the period. Finally, Gilder Gagnon Howe & Co. LLC lifted its stake in Freshpet by 117.1% in the third quarter. Gilder Gagnon Howe & Co. LLC now owns 1,682,510 shares of the company’s stock worth $26,331,000 after acquiring an additional 907,644 shares during the period. Hedge funds and other institutional investors own 69.77% 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.

Analyst Recommendations for Freshpet (NASDAQ:FRPT)

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