Recent Analysts’ Ratings Changes for Freshpet (FRPT)

A number of firms have modified their ratings and price targets on shares of Freshpet (NASDAQ: FRPT) recently:

  • 11/6/2019 – Freshpet was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Freshpet Inc. is a pet food company. The company manufactures and markets natural fresh foods, refrigerated meals, and treats for dogs and cats in the United States and Canada. Freshpet provides meats- based recipes, such as chicken, beef, lamb and salmon; fruits and vegetables, such as carrots, peas and leafy green vegetables, and high-fiber grains, such as brown rice, oats and barley. It sells its products under the Freshpet, Dognation, and Dog Joy brand names. Freshpet Inc. is headquartered in Secaucus, New Jersey. “
  • 11/1/2019 – Freshpet was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 10/31/2019 – Freshpet had its price target raised by analysts at Robert W. Baird from $50.00 to $60.00. They now have an “outperform” rating on the stock.
  • 10/26/2019 – Freshpet was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 10/24/2019 – Freshpet was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $56.00 price target on the stock. According to Zacks, “Freshpet Inc. is a pet food company. The company manufactures and markets natural fresh foods, refrigerated meals, and treats for dogs and cats in the United States and Canada. Freshpet provides meats- based recipes, such as chicken, beef, lamb and salmon; fruits and vegetables, such as carrots, peas and leafy green vegetables, and high-fiber grains, such as brown rice, oats and barley. It sells its products under the Freshpet, Dognation, and Dog Joy brand names. Freshpet Inc. is headquartered in Secaucus, New Jersey. “
  • 10/22/2019 – Freshpet was upgraded by analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating. They now have a $58.00 price target on the stock, up previously from $46.00.
  • 10/11/2019 – Freshpet was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 10/8/2019 – Freshpet was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong sell” rating. According to Zacks, “Freshpet Inc. is a pet food company. The company manufactures and markets natural fresh foods, refrigerated meals, and treats for dogs and cats in the United States and Canada. Freshpet provides meats- based recipes, such as chicken, beef, lamb and salmon; fruits and vegetables, such as carrots, peas and leafy green vegetables, and high-fiber grains, such as brown rice, oats and barley. It sells its products under the Freshpet, Dognation, and Dog Joy brand names. Freshpet Inc. is headquartered in Secaucus, New Jersey. “
  • 10/3/2019 – Freshpet was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 9/20/2019 – Freshpet was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 9/13/2019 – Freshpet was given a new $57.00 price target on by analysts at Stifel Nicolaus. They now have a “buy” rating on the stock.

Shares of FRPT stock traded down $0.51 during trading hours on Friday, reaching $55.34. The company’s stock had a trading volume of 292,300 shares, compared to its average volume of 340,322. The firm’s 50 day simple moving average is $49.64 and its 200-day simple moving average is $46.70. The company has a market capitalization of $1.86 billion, a price-to-earnings ratio of -368.93 and a beta of 1.07. Freshpet Inc has a fifty-two week low of $28.44 and a fifty-two week high of $55.96. The company has a quick ratio of 1.00, a current ratio of 1.36 and a debt-to-equity ratio of 0.36.

Freshpet (NASDAQ:FRPT) last issued its earnings results on Monday, November 4th. The company reported $0.08 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.02). The business had revenue of $65.27 million during the quarter, compared to analyst estimates of $64.37 million. Freshpet had a negative net margin of 1.84% and a negative return on equity of 3.52%. The firm’s revenue was up 28.5% on a year-over-year basis. Sell-side analysts predict that Freshpet Inc will post 0.02 earnings per share for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the company. FTB Advisors Inc. boosted its stake in shares of Freshpet by 85.1% in the 3rd quarter. FTB Advisors Inc. now owns 522 shares of the company’s stock worth $26,000 after buying an additional 240 shares during the last quarter. HM Payson & Co. bought a new position in shares of Freshpet during the second quarter valued at about $50,000. Redhawk Wealth Advisors Inc. bought a new position in shares of Freshpet during the second quarter valued at about $68,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Freshpet by 21.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,087 shares of the company’s stock valued at $95,000 after acquiring an additional 363 shares during the last quarter. Finally, NumerixS Investment Technologies Inc raised its stake in shares of Freshpet by 21.4% during the second quarter. NumerixS Investment Technologies Inc now owns 3,400 shares of the company’s stock valued at $155,000 after acquiring an additional 600 shares during the last quarter. Institutional investors own 95.74% of the company’s stock.

Freshpet, Inc manufactures and markets natural fresh products, refrigerated meals, and treats for dogs and cats in the United States, Canada, and the United Kingdom. The company sells its products under the Freshpet brand; and Dognation and Dog Joy labels through various classes of retail, including grocery, mass, club, pet specialty, and natural, as well as online.

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