Shares of Freshpet Inc (NASDAQ:FRPT) have been assigned a consensus rating of “Buy” from the twelve brokerages that are currently covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $53.57.
Several research firms have recently issued reports on FRPT. ValuEngine downgraded Freshpet from a “buy” rating to a “hold” rating in a research note on Tuesday. Robert W. Baird raised their price objective on shares of Freshpet from $50.00 to $60.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. JPMorgan Chase & Co. lifted their target price on shares of Freshpet from $58.00 to $62.00 and gave the stock an “overweight” rating in a research report on Wednesday. Stifel Nicolaus set a $57.00 target price on shares of Freshpet and gave the stock a “buy” rating in a report on Friday, September 13th. Finally, BidaskClub upgraded shares of Freshpet from a “hold” rating to a “buy” rating in a research report on Saturday, October 26th.
In other news, VP Stephen Macchiaverna sold 4,966 shares of the firm’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $54.50, for a total transaction of $270,647.00. Following the completion of the transaction, the vice president now directly owns 86,603 shares in the company, valued at $4,719,863.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Stephen Weise sold 4,000 shares of Freshpet stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $53.96, for a total value of $215,840.00. Following the completion of the transaction, the executive vice president now directly owns 4,000 shares in the company, valued at $215,840. The disclosure for this sale can be found here. Insiders have sold a total of 24,964 shares of company stock worth $1,371,916 over the last ninety days. Company insiders own 4.90% of the company’s stock.
FRPT traded down $0.66 on Monday, reaching $56.71. The stock had a trading volume of 345,983 shares, compared to its average volume of 334,585. Freshpet has a fifty-two week low of $28.44 and a fifty-two week high of $58.11. The firm has a 50-day moving average of $53.02 and a 200-day moving average of $48.03. The company has a current ratio of 1.36, a quick ratio of 1.02 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $2.05 billion, a price-to-earnings ratio of -378.07 and a beta of 1.06.
Freshpet (NASDAQ:FRPT) last posted its earnings results on Monday, November 4th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.02). Freshpet had a negative net margin of 1.84% and a negative return on equity of 3.52%. The firm had revenue of $65.27 million during the quarter, compared to the consensus estimate of $64.37 million. The company’s revenue was up 28.5% compared to the same quarter last year. Sell-side analysts anticipate that Freshpet will post 0.02 EPS for the current fiscal year.
Freshpet Company Profile
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.
Recommended Story: What is a dividend reinvestment plan?
Receive News & Ratings for Freshpet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Freshpet and related companies with MarketBeat.com's FREE daily email newsletter.