Freshpet (FRPT) Trading Up 10.1%

Freshpet (NASDAQ:FRPT)’s share price was up 10.1% during trading on Friday . The stock traded as high as $18.40 and last traded at $18.05. Approximately 613,960 shares changed hands during mid-day trading, an increase of 163% from the average daily volume of 233,736 shares. The stock had previously closed at $16.40.

Several equities analysts recently commented on FRPT shares. BidaskClub lowered shares of Freshpet from a “hold” rating to a “sell” rating in a research report on Tuesday, January 9th. Zacks Investment Research lowered shares of Freshpet from a “hold” rating to a “sell” rating in a research report on Monday, March 12th. SunTrust Banks reaffirmed a “buy” rating and issued a $23.00 price objective on shares of Freshpet in a research report on Tuesday, March 6th. ValuEngine raised shares of Freshpet from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Finally, Credit Suisse Group increased their price objective on shares of Freshpet from $17.00 to $20.00 and gave the company a “neutral” rating in a research report on Wednesday, January 24th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $19.71.

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Freshpet (NASDAQ:FRPT) last issued its quarterly earnings results on Monday, March 5th. The company reported $0.04 earnings per share for the quarter, missing the Thomson Reuters’ 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 during the quarter, compared to analyst estimates of $41.14 million. During the same quarter last year, the company posted $0.04 EPS. Freshpet’s quarterly revenue was up 19.4% compared to the same quarter last year. analysts expect that Freshpet will post -0.01 EPS for the current year.

Large investors have recently modified their holdings of the stock. Virtu Financial LLC acquired a new position in Freshpet in the 4th quarter worth approximately $246,000. Tokio Marine Asset Management Co. Ltd. acquired a new position in Freshpet in the 4th quarter worth approximately $311,000. California Public Employees Retirement System acquired a new position in Freshpet in the 4th quarter worth approximately $357,000. Brighton Jones LLC increased its holdings in Freshpet by 31.9% in the 4th quarter. Brighton Jones LLC now owns 19,526 shares of the company’s stock worth $370,000 after buying an additional 4,723 shares during the period. Finally, GSA Capital Partners LLP acquired a new position in Freshpet in the 3rd quarter worth approximately $678,000. Institutional investors own 73.37% of the company’s stock.

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About Freshpet

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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