Freshpet Inc (NASDAQ:FRPT) – Equities researchers at Oppenheimer Holdings decreased their FY2017 EPS estimates for shares of Freshpet in a research report issued to clients and investors on Tuesday, Zacks Investment Research reports. Oppenheimer Holdings analyst R. Parikh now anticipates that the company will post earnings of ($0.08) per share for the year, down from their previous estimate of $0.04.
Other equities research analysts have also recently issued reports about the company. Robert W. Baird set a $13.00 price objective on Freshpet and gave the stock a “buy” rating in a research note on Saturday, March 25th. Zacks Investment Research raised Freshpet from a “sell” rating to a “hold” rating in a research note on Monday, January 30th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $10.75.
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Freshpet (NASDAQ:FRPT) traded down 2.16% on Friday, hitting $11.30. The stock had a trading volume of 107,386 shares. The firm’s 50-day moving average price is $10.89 and its 200-day moving average price is $10.04. Freshpet has a 1-year low of $7.48 and a 1-year high of $12.00. The firm’s market cap is $359.34 million.
Freshpet (NASDAQ:FRPT) last released its quarterly earnings results on Thursday, March 9th. The company reported $0.04 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.04. Freshpet had a negative return on equity of 1.56% and a negative net margin of 1.25%. The company earned $34.06 million during the quarter, compared to analysts’ expectations of $34.18 million. During the same quarter in the prior year, the business posted $0.08 earnings per share. The company’s revenue for the quarter was up 12.8% compared to the same quarter last year.
In other Freshpet news, CEO William B. Cyr bought 17,850 shares of the firm’s stock in a transaction on Tuesday, March 14th. The stock was purchased at an average cost of $11.07 per share, with a total value of $197,599.50. Following the completion of the purchase, the chief executive officer now owns 68,232 shares in the company, valued at $755,328.24. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 8.20% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Armistice Capital LLC boosted its position in Freshpet by 53.2% in the fourth quarter. Armistice Capital LLC now owns 1,416,000 shares of the company’s stock worth $14,372,000 after buying an additional 492,000 shares during the last quarter. Emerald Advisers Inc. PA raised its stake in shares of Freshpet by 28.3% in the third quarter. Emerald Advisers Inc. PA now owns 674,325 shares of the company’s stock worth $5,833,000 after buying an additional 148,603 shares during the period. State Street Corp raised its stake in shares of Freshpet by 7.8% in the fourth quarter. State Street Corp now owns 323,264 shares of the company’s stock worth $3,281,000 after buying an additional 23,391 shares during the period. Fort Point Capital Partners LLC raised its stake in shares of Freshpet by 143.7% in the third quarter. Fort Point Capital Partners LLC now owns 190,802 shares of the company’s stock worth $1,650,000 after buying an additional 112,497 shares during the period. Finally, Russell Investments Group Ltd. purchased a new stake in shares of Freshpet during the fourth quarter worth approximately $1,563,000. 63.84% of the stock is owned by hedge funds and other institutional investors.
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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