Freshpet (NASDAQ:FRPT)‘s stock had its “buy” rating reaffirmed by stock analysts at Stifel Nicolaus in a note issued to investors on Friday.

Other analysts also recently issued research reports about the stock. Robert W. Baird set a $20.00 target price on shares of Freshpet and gave the stock a “buy” rating in a research report on Sunday, October 15th. TheStreet raised shares of Freshpet from a “d+” rating to a “c-” rating in a research report on Thursday, November 30th. BidaskClub downgraded shares of Freshpet from a “buy” rating to a “hold” rating in a research report on Friday. Oppenheimer reissued a “hold” rating on shares of Freshpet in a research report on Friday, December 1st. Finally, Credit Suisse Group increased their target price on shares of Freshpet from $15.00 to $17.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 7th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $18.36.

Freshpet (NASDAQ FRPT) remained flat at $$18.95 during midday trading on Friday. 247,608 shares of the stock traded hands, compared to its average volume of 155,843. Freshpet has a one year low of $9.25 and a one year high of $19.40.

Freshpet (NASDAQ:FRPT) last posted its quarterly earnings data on Monday, November 6th. The company reported ($0.01) EPS for the quarter, meeting the Zacks’ consensus estimate 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 company posted $0.02 EPS. The company’s quarterly revenue was up 19.4% compared to the same quarter last year. research analysts predict that Freshpet will post -0.11 earnings per share for the current year.

In other news, VP Stephen Macchiaverna sold 4,946 shares of the stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $17.34, for a total transaction of $85,763.64. Following the completion of the transaction, the vice president now directly owns 77,884 shares in the company, valued at approximately $1,350,508.56. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Richard A. Kassar sold 10,000 shares of the stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $18.93, for a total value of $189,300.00. Following the transaction, the chief financial officer now owns 209,994 shares of the company’s stock, valued at $3,975,186.42. The disclosure for this sale can be found here. In the last 90 days, insiders sold 68,218 shares of company stock valued at $1,211,499. 6.80% of the stock is owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in FRPT. Gilder Gagnon Howe & Co. LLC boosted its stake in shares of Freshpet by 117.1% during the 3rd quarter. Gilder Gagnon Howe & Co. LLC now owns 1,682,510 shares of the company’s stock valued at $26,331,000 after buying an additional 907,644 shares during the last quarter. Lord Abbett & CO. LLC purchased a new position in shares of Freshpet during the 2nd quarter valued at approximately $7,470,000. Emerald Mutual Fund Advisers Trust boosted its stake in shares of Freshpet by 60.4% during the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 676,608 shares of the company’s stock valued at $10,589,000 after buying an additional 254,789 shares during the last quarter. Summit Partners Public Asset Management LLC purchased a new position in shares of Freshpet during the 2nd quarter valued at approximately $4,150,000. Finally, Alliancebernstein L.P. boosted its stake in shares of Freshpet by 10.2% during the 2nd quarter. Alliancebernstein L.P. now owns 2,537,586 shares of the company’s stock valued at $42,124,000 after buying an additional 233,847 shares during the last quarter. 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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