Freshpet, Inc. (NASDAQ:FRPT) – Imperial Capital issued their Q2 2017 earnings per share (EPS) estimates for shares of Freshpet in a report released on Thursday. Imperial Capital analyst G. Kelly anticipates that the company will post earnings per share of ($0.07) for the quarter. Imperial Capital has a “In-Line” rating and a $16.50 price objective on the stock. Imperial Capital also issued estimates for Freshpet’s Q3 2017 earnings at $0.01 EPS, Q4 2017 earnings at $0.04 EPS, FY2017 earnings at ($0.10) EPS, Q1 2018 earnings at ($0.08) EPS, Q2 2018 earnings at ($0.09) EPS, Q3 2018 earnings at $0.08 EPS, Q4 2018 earnings at $0.12 EPS, FY2018 earnings at $0.04 EPS and FY2019 earnings at $0.18 EPS.
A number of other equities research analysts also recently issued reports on FRPT. Zacks Investment Research upgraded shares of Freshpet from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research report on Monday. Stifel Nicolaus reissued a “buy” rating and set a $20.00 price objective (up from $14.00) on shares of Freshpet in a research note on Thursday, July 20th. Credit Suisse Group raised their price objective on shares of Freshpet from $10.00 to $12.00 and gave the stock a “neutral” rating in a research note on Friday, May 5th. Finally, ValuEngine raised shares of Freshpet from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $15.07.
Freshpet (NASDAQ FRPT) opened at 17.45 on Monday. The company has a 50 day moving average price of $16.14 and a 200 day moving average price of $12.82. The stock’s market cap is $554.91 million. Freshpet has a 52 week low of $7.60 and a 52 week high of $18.25.
In related news, CEO William B. Cyr purchased 7,300 shares of Freshpet stock in a transaction dated Thursday, May 18th. The stock was bought at an average cost of $13.75 per share, with a total value of $100,375.00. Following the purchase, the chief executive officer now owns 75,532 shares in the company, valued at approximately $1,038,565. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, insider Scott James Morris sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $16.73, for a total transaction of $83,650.00. Following the completion of the sale, the insider now directly owns 207,307 shares of the company’s stock, valued at $3,468,246.11. The disclosure for this sale can be found here. In the last 90 days, insiders sold 45,125 shares of company stock valued at $666,758. 8.20% of the stock is owned by insiders.
Hedge funds have recently modified their holdings of the company. Investment House LLC acquired a new stake in Freshpet during the second quarter valued at approximately $1,244,000. Bank of Montreal Can increased its stake in shares of Freshpet by 1.4% in the second quarter. Bank of Montreal Can now owns 7,368 shares of the company’s stock valued at $122,000 after buying an additional 103 shares during the period. Goldman Sachs Group Inc. purchased a new stake in shares of Freshpet during the first quarter valued at approximately $122,000. Credit Suisse AG increased its stake in shares of Freshpet by 138.1% in the first quarter. Credit Suisse AG now owns 216,818 shares of the company’s stock valued at $2,384,000 after buying an additional 125,768 shares during the period. Finally, Bank of America Corp DE increased its stake in shares of Freshpet by 4.9% in the first quarter. Bank of America Corp DE now owns 295,409 shares of the company’s stock valued at $3,250,000 after buying an additional 13,852 shares during the period. 61.73% of the stock is owned by 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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