Freshpet Inc (NASDAQ:FRPT) has received a consensus rating of “Hold” from the eleven research firms that are covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $19.60.
Several research firms have weighed in on FRPT. BidaskClub upgraded Freshpet from a “sell” rating to a “hold” rating in a report on Friday, March 2nd. Robert W. Baird restated a “buy” rating and set a $22.00 price target on shares of Freshpet in a report on Wednesday, January 3rd. Oppenheimer restated a “hold” rating on shares of Freshpet in a report on Friday, December 1st. Stifel Nicolaus restated a “buy” rating on shares of Freshpet in a report on Friday, December 15th. Finally, TheStreet upgraded Freshpet from a “d+” rating to a “c-” rating in a report on Thursday, November 30th.
Freshpet (FRPT) traded down $0.45 during trading hours on Friday, hitting $17.35. The company had a trading volume of 47,445 shares, compared to its average volume of 212,211. Freshpet has a 12-month low of $10.45 and a 12-month high of $20.85. The stock has a market capitalization of $628.98, a PE ratio of -123.56 and a beta of 1.56.
Freshpet (NASDAQ:FRPT) last released its earnings results on Monday, March 5th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.03). Freshpet had a negative return on equity of 3.85% and a negative net margin of 2.73%. The business had revenue of $40.70 million for the quarter, compared to analysts’ expectations of $41.14 million. During the same quarter in the prior year, the business posted $0.04 EPS. The business’s revenue for the quarter was up 19.4% compared to the same quarter last year. equities analysts forecast that Freshpet will post -0.01 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Gilder Gagnon Howe & Co. LLC lifted its stake in shares of Freshpet by 59.4% in the 4th quarter. Gilder Gagnon Howe & Co. LLC now owns 2,682,342 shares of the company’s stock valued at $50,830,000 after purchasing an additional 999,832 shares during the last quarter. BlackRock Inc. lifted its stake in shares of Freshpet by 4.9% in the 4th quarter. BlackRock Inc. now owns 1,521,275 shares of the company’s stock valued at $28,827,000 after purchasing an additional 71,368 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of 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 purchasing an additional 37,762 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of 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 purchasing an additional 73,182 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Freshpet by 2.1% in the 4th quarter. Bank of New York Mellon Corp now owns 639,033 shares of the company’s stock valued at $12,109,000 after purchasing an additional 13,274 shares during the last quarter. Institutional investors and hedge funds own 73.37% 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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