Freshpet Inc. (NASDAQ:FRPT) – Stock analysts at DA Davidson issued their Q3 2016 earnings per share (EPS) estimates for shares of Freshpet in a research report issued on Tuesday. DA Davidson analyst E. Gottlieb expects that the firm will earn $0.02 per share for the quarter. DA Davidson currently has a “Neutral” rating and a $10.00 target price on the stock. DA Davidson also issued estimates for Freshpet’s Q4 2016 earnings at $0.07 EPS, FY2016 earnings at ($0.05) EPS, Q1 2017 earnings at $0.03 EPS, Q2 2017 earnings at $0.03 EPS, Q3 2017 earnings at $0.04 EPS, Q4 2017 earnings at $0.07 EPS and FY2017 earnings at $0.17 EPS.
A number of other brokerages also recently issued reports on FRPT. Stephens upgraded Freshpet from an “equal weight” rating to an “overweight” rating in a research report on Friday, August 5th. Zacks Investment Research downgraded Freshpet from a “hold” rating to a “strong sell” rating in a research report on Wednesday. Wedbush downgraded Freshpet from an “outperform” rating to a “neutral” rating and raised their target price for the company from $10.00 to $11.00 in a research report on Monday, August 15th. Goldman Sachs Group Inc. restated a “neutral” rating and issued a $10.00 target price (up previously from $9.00) on shares of Freshpet in a research report on Friday, July 15th. Finally, TheStreet downgraded Freshpet from a “hold” rating to a “sell” rating in a research report on Thursday, August 18th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. Freshpet currently has a consensus rating of “Hold” and an average target price of $10.22.
Freshpet (NASDAQ:FRPT) traded down 0.23% during trading on Friday, reaching $8.54. The company had a trading volume of 48,423 shares. Freshpet has a 52 week low of $5.60 and a 52 week high of $11.81. The company’s 50-day moving average is $9.69 and its 200 day moving average is $9.12. The firm’s market capitalization is $271.57 million.
Freshpet (NASDAQ:FRPT) last released its earnings results on Thursday, August 4th. The company reported ($0.10) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by $0.07. The company had revenue of $33 million for the quarter, compared to the consensus estimate of $32.92 million. Freshpet had a negative net margin of 3.12% and a negative return on equity of 3.80%. The business’s revenue for the quarter was up 16.4% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.07) EPS.
In related news, CEO William B. Cyr purchased 50,382 shares of the business’s stock in a transaction that occurred on Thursday, September 15th. The stock was purchased at an average price of $9.89 per share, with a total value of $498,277.98. Following the completion of the acquisition, the chief executive officer now owns 27,919 shares in the company, valued at $276,118.91. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Stephen Macchiaverna sold 10,052 shares of the stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $10.76, for a total value of $108,159.52. Following the completion of the sale, the vice president now directly owns 77,938 shares of the company’s stock, valued at approximately $838,612.88. The disclosure for this sale can be found here. 8.20% of the stock is owned by corporate insiders.
Several large investors have recently bought and sold shares of FRPT. American International Group Inc. boosted its stake in Freshpet by 5.7% in the second quarter. American International Group Inc. now owns 12,860 shares of the company’s stock valued at $120,000 after buying an additional 690 shares during the period. Nationwide Fund Advisors boosted its stake in Freshpet by 7.5% in the second quarter. Nationwide Fund Advisors now owns 14,298 shares of the company’s stock valued at $133,000 after buying an additional 992 shares during the period. Rhumbline Advisers boosted its stake in Freshpet by 4.3% in the second quarter. Rhumbline Advisers now owns 20,700 shares of the company’s stock valued at $193,000 after buying an additional 860 shares during the period. US Bancorp DE acquired a new stake in Freshpet during the second quarter valued at about $278,000. Finally, Mesirow Financial Investment Management Equity Management acquired a new stake in Freshpet during the second quarter valued at about $299,000. 66.93% of the stock is owned by hedge funds and other institutional investors.