Freshpet Inc (NASDAQ:FRPT) – Equities researchers at SunTrust Banks increased their FY2018 earnings estimates for shares of Freshpet in a research note issued on Monday. SunTrust Banks analyst W. Chappell now anticipates that the company will earn $0.06 per share for the year, up from their prior forecast of $0.05.

Freshpet (NASDAQ:FRPT) last released its quarterly earnings results on Monday, November 6th. The company reported ($0.01) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.01). The company 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 firm’s revenue was up 19.4% on a year-over-year basis. During the same quarter last year, the business earned $0.02 earnings per share.

Several other analysts have also commented on FRPT. Susquehanna Bancshares initiated 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. Robert W. Baird set a $20.00 target price on shares of Freshpet and gave the company a “buy” rating in a research report on Sunday, October 15th. Credit Suisse Group lifted their target price 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. Zacks Investment Research lowered shares of Freshpet from a “hold” rating to a “sell” rating in a research report on Wednesday, November 8th. Finally, Oppenheimer reiterated a “hold” rating on shares of Freshpet in a research report on Friday, December 1st. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $18.64.

Freshpet (NASDAQ FRPT) traded down $0.10 during mid-day trading on Wednesday, reaching $18.45. 251,400 shares of the company traded hands, compared to its average volume of 189,400. The firm has a market capitalization of $646.68, a price-to-earnings ratio of -141.92 and a beta of 1.97. Freshpet has a 52 week low of $9.25 and a 52 week high of $20.50.

In other news, CFO Richard A. Kassar sold 15,125 shares of the stock in a transaction dated 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 filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Richard A. Kassar sold 10,000 shares of the stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $18.93, for a total transaction of $189,300.00. Following the completion of the transaction, the chief financial officer now owns 209,994 shares of the company’s stock, valued at approximately $3,975,186.42. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 68,218 shares of company stock valued at $1,211,499. 6.80% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Alliancebernstein L.P. increased its holdings in shares of Freshpet by 10.2% in the 2nd quarter. Alliancebernstein L.P. now owns 2,537,586 shares of the company’s stock valued at $42,124,000 after purchasing an additional 233,847 shares in the last quarter. Gilder Gagnon Howe & Co. LLC grew its stake in Freshpet by 117.1% in 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 acquiring an additional 907,644 shares during the last quarter. Vanguard Group Inc. grew its stake in Freshpet by 3.6% in the 2nd quarter. Vanguard Group Inc. now owns 1,095,224 shares of the company’s stock valued at $18,181,000 after acquiring an additional 37,762 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Freshpet by 7.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,062,292 shares of the company’s stock valued at $16,573,000 after acquiring an additional 73,182 shares during the last quarter. Finally, Emerald Advisers Inc. PA grew its stake in Freshpet by 27.1% in the 3rd quarter. Emerald Advisers Inc. PA now owns 860,124 shares of the company’s stock valued at $13,461,000 after acquiring an additional 183,620 shares during the last quarter. Institutional investors and hedge funds 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.

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