Freshpet Inc (NASDAQ:FRPT) – Stock analysts at SunTrust Banks issued their Q2 2019 earnings per share estimates for Freshpet in a research note issued to investors on Monday, November 5th. SunTrust Banks analyst W. Chappell expects that the company will earn ($0.01) per share for the quarter. SunTrust Banks also issued estimates for Freshpet’s FY2019 earnings at $0.21 EPS.
FRPT has been the subject of several other research reports. BidaskClub raised shares of Freshpet from a “buy” rating to a “strong-buy” rating in a research report on Friday, October 12th. Zacks Investment Research raised shares of Freshpet from a “hold” rating to a “buy” rating and set a $32.00 price target for the company in a research report on Wednesday, July 18th. Imperial Capital lifted their price target on shares of Freshpet from $18.00 to $35.00 and gave the company an “in-line” rating in a research report on Tuesday. Robert W. Baird lifted their price target on shares of Freshpet from $27.00 to $35.00 and gave the company an “outperform” rating in a research report on Monday, July 30th. Finally, Credit Suisse Group lifted their price objective on shares of Freshpet from $23.00 to $26.00 and gave the stock a “neutral” rating in a report on Tuesday, August 7th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Freshpet currently has a consensus rating of “Hold” and a consensus target price of $29.57.
Freshpet (NASDAQ:FRPT) last posted its quarterly earnings results on Monday, August 6th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.03). Freshpet had a negative net margin of 3.07% and a negative return on equity of 4.88%. The business had revenue of $47.60 million during the quarter, compared to analyst estimates of $46.08 million. During the same period in the previous year, the business posted ($0.08) EPS. The business’s revenue for the quarter was up 23.0% compared to the same quarter last year.
Institutional investors and hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC purchased a new position in Freshpet during the 3rd quarter worth $206,000. IFG Advisory LLC purchased a new position in Freshpet during the 3rd quarter worth $234,000. Wedge Capital Management L L P NC purchased a new position in Freshpet during the 2nd quarter worth $217,000. Barclays PLC boosted its holdings in Freshpet by 130.3% during the 1st quarter. Barclays PLC now owns 9,283 shares of the company’s stock worth $153,000 after acquiring an additional 5,253 shares during the last quarter. Finally, Strs Ohio purchased a new position in Freshpet during the 3rd quarter worth $348,000. 72.97% of the stock is currently owned by hedge funds and other institutional investors.
In other Freshpet news, COO Scott James Morris sold 3,512 shares of Freshpet stock in a transaction on Thursday, September 13th. The shares were sold at an average price of $37.75, for a total transaction of $132,578.00. Following the transaction, the chief operating officer now directly owns 173,672 shares of the company’s stock, valued at approximately $6,556,118. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Stephen Macchiaverna sold 6,000 shares of Freshpet stock in a transaction on Tuesday, August 21st. The stock was sold at an average price of $35.40, for a total transaction of $212,400.00. Following the transaction, the vice president now directly owns 78,938 shares in the company, valued at $2,794,405.20. The disclosure for this sale can be found here. Insiders have sold a total of 76,096 shares of company stock worth $2,639,500 over the last ninety days. Insiders own 5.10% of the company’s stock.
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.
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