Other equities analysts also recently issued reports about the company. Zacks Investment Research downgraded Freshpet from a “buy” rating to a “hold” rating in a report on Wednesday, November 6th. Imperial Capital raised their price objective on Freshpet from $40.00 to $55.00 and gave the stock an “inline” rating in a report on Friday, December 6th. Credit Suisse Group raised their price objective on Freshpet from $58.00 to $68.00 and gave the stock a “neutral” rating in a report on Wednesday. JPMorgan Chase & Co. raised their price objective on Freshpet from $58.00 to $62.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. Finally, Stifel Nicolaus raised their price objective on Freshpet from $57.00 to $70.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. Four equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $59.50.
Shares of NASDAQ:FRPT opened at $66.08 on Friday. The stock’s 50-day moving average price is $58.39 and its two-hundred day moving average price is $50.57. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.36 and a quick ratio of 1.02. Freshpet has a 12-month low of $34.16 and a 12-month high of $66.22.
Freshpet (NASDAQ:FRPT) last released its quarterly earnings data on Monday, November 4th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). The firm had revenue of $65.27 million during the quarter, compared to analysts’ expectations of $64.37 million. Freshpet had a negative return on equity of 3.52% and a negative net margin of 1.84%. The business’s revenue for the quarter was up 28.5% on a year-over-year basis. Analysts expect that Freshpet will post 0.01 earnings per share for the current fiscal year.
In related 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 sale, the vice president now directly owns 86,603 shares in the company, valued at approximately $4,719,863.50. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Scott James Morris sold 1,175 shares of the firm’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $57.75, for a total value of $67,856.25. Following the sale, the chief operating officer now owns 161,623 shares in the company, valued at $9,333,728.25. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 26,139 shares of company stock worth $1,439,772. Company insiders own 4.90% of the company’s stock.
Several large investors have recently made changes to their positions in the stock. BlackRock Inc. raised its holdings in shares of Freshpet by 19.4% during the 2nd quarter. BlackRock Inc. now owns 2,288,433 shares of the company’s stock valued at $104,147,000 after buying an additional 372,151 shares during the period. Vanguard Group Inc. raised its holdings in shares of Freshpet by 12.3% during the 2nd quarter. Vanguard Group Inc. now owns 2,045,729 shares of the company’s stock valued at $93,101,000 after buying an additional 224,411 shares during the period. Invesco Ltd. raised its holdings in shares of Freshpet by 254.8% during the 2nd quarter. Invesco Ltd. now owns 887,629 shares of the company’s stock valued at $40,396,000 after buying an additional 637,442 shares during the period. State Street Corp raised its holdings in shares of Freshpet by 3.5% during the 3rd quarter. State Street Corp now owns 667,239 shares of the company’s stock valued at $33,208,000 after buying an additional 22,485 shares during the period. Finally, Eagle Asset Management Inc. raised its holdings in shares of Freshpet by 2.8% during the 3rd quarter. Eagle Asset Management Inc. now owns 607,551 shares of the company’s stock valued at $30,237,000 after buying an additional 16,310 shares during the period.
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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