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. “
Several other research analysts have also recently commented on the stock. TheStreet cut shares of Freshpet from a hold rating to a sell rating in a report on Thursday, August 18th. Wedbush downgraded shares of Freshpet from an outperform rating to a neutral rating and boosted their price objective for the stock from $10.00 to $11.00 in a research report on Monday, August 15th. Robert W. Baird restated an outperform rating and set a $10.00 price objective on shares of Freshpet in a research report on Monday, August 8th. Stephens upgraded shares of Freshpet from an equal weight rating to an overweight rating in a research report on Friday, August 5th. Finally, Goldman Sachs Group Inc. restated a neutral rating and set a $10.00 price objective (up previously from $9.00) on shares of Freshpet in a research report on Friday, July 15th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of $10.22.
Shares of Freshpet (NASDAQ:FRPT) traded down 0.69% during trading on Wednesday, reaching $8.59. 9,216 shares of the company traded hands. The stock’s market capitalization is $273.16 million. The firm has a 50 day moving average of $9.74 and a 200 day moving average of $9.12. Freshpet has a 52 week low of $5.60 and a 52 week high of $11.81.
Freshpet (NASDAQ:FRPT) last posted its quarterly earnings results on Thursday, August 4th. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.03) by $0.07. Freshpet had a negative return on equity of 3.80% and a negative net margin of 3.12%. The firm had revenue of $33 million for the quarter, compared to analyst estimates of $32.92 million. During the same quarter last year, the firm earned ($0.07) EPS. The company’s revenue was up 16.4% on a year-over-year basis. On average, equities analysts predict that Freshpet will post ($0.12) EPS for the current year.
In other Freshpet news, VP Mary Kathryn Winstanley sold 7,920 shares of the business’s stock in a transaction on Wednesday, September 14th. The shares were sold at an average price of $10.01, for a total value of $79,279.20. Following the transaction, the vice president now directly owns 24,404 shares of the company’s stock, valued at approximately $244,284.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO William B. Cyr acquired 50,382 shares of the company’s stock in a transaction on Thursday, September 15th. The stock was purchased at an average cost of $9.89 per share, for a total transaction of $498,277.98. Following the completion of the purchase, the chief executive officer now directly owns 27,919 shares in the company, valued at approximately $276,118.91. The disclosure for this purchase can be found here. 8.20% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in the stock. Schwab Charles Investment Management Inc. boosted its position in Freshpet by 77.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 59,462 shares of the company’s stock worth $555,000 after buying an additional 25,998 shares during the period. Adage Capital Partners GP L.L.C. bought a new position in Freshpet during the second quarter worth $3,912,000. Parametric Portfolio Associates LLC boosted its position in Freshpet by 4.9% in the second quarter. Parametric Portfolio Associates LLC now owns 346,457 shares of the company’s stock worth $3,232,000 after buying an additional 16,293 shares during the period. UBS Oconnor LLC boosted its position in Freshpet by 42.1% in the second quarter. UBS Oconnor LLC now owns 451,165 shares of the company’s stock worth $4,209,000 after buying an additional 133,693 shares during the period. Finally, State Street Corp boosted its position in Freshpet by 5.7% in the second quarter. State Street Corp now owns 292,591 shares of the company’s stock worth $2,732,000 after buying an additional 15,771 shares during the period. 66.93% of the stock is currently owned by institutional investors.
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 offers products consisting of dog food, cat food, and dog and cat treats.
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