Freshpet (NASDAQ:FRPT) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday.

FRPT has been the subject of a number of other research reports. Oppenheimer reissued a “hold” rating on shares of Freshpet in a report on Friday, December 1st. TheStreet raised Freshpet from a “d+” rating to a “c-” rating in a report on Thursday, November 30th. Robert W. Baird set a $20.00 target price on Freshpet and gave the company a “buy” rating in a report on Sunday, October 15th. Stifel Nicolaus reissued a “buy” rating on shares of Freshpet in a report on Friday, December 15th. Finally, Credit Suisse Group increased their target price on Freshpet from $15.00 to $17.00 and gave the company a “neutral” rating in a report on Tuesday, November 7th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $18.64.

Shares of Freshpet (NASDAQ FRPT) remained flat at $$18.70 during trading on Tuesday. 106,676 shares of the company traded hands, compared to its average volume of 170,031. Freshpet has a 12-month low of $9.25 and a 12-month high of $20.50. The firm has a market cap of $651.90, a price-to-earnings ratio of -143.85 and a beta of 1.97.

Freshpet (NASDAQ:FRPT) last announced its earnings results on Monday, November 6th. The company reported ($0.01) EPS for the quarter, meeting analysts’ consensus estimates of ($0.01). Freshpet had a negative return on equity of 4.19% and a negative net margin of 3.04%. The business had revenue of $41.20 million during the quarter, compared to analysts’ expectations of $41.19 million. During the same quarter in the prior year, the firm earned $0.02 earnings per share. The business’s revenue was up 19.4% compared to the same quarter last year. equities research analysts anticipate that Freshpet will post -0.11 EPS for the current year.

In related news, VP Stephen Macchiaverna sold 4,946 shares of the stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $17.34, for a total value of $85,763.64. Following the completion of the sale, the vice president now owns 77,884 shares of the company’s stock, valued at $1,350,508.56. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Scott James Morris sold 20,000 shares of the stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $17.26, for a total value of $345,200.00. Following the completion of the sale, the insider now directly owns 212,307 shares of the company’s stock, valued at approximately $3,664,418.82. The disclosure for this sale can be found here. In the last ninety days, insiders sold 68,218 shares of company stock valued at $1,211,499. Insiders own 6.80% of the company’s stock.

Large investors have recently bought and sold shares of the stock. State Street Corp increased its holdings in shares of Freshpet by 18.1% in the second quarter. State Street Corp now owns 385,641 shares of the company’s stock valued at $6,401,000 after purchasing an additional 58,972 shares during the last quarter. Uniplan Investment Counsel Inc. acquired a new stake in shares of Freshpet in the third quarter valued at approximately $2,591,000. Emerald Advisers Inc. PA increased its holdings in shares of Freshpet by 27.1% in the third quarter. Emerald Advisers Inc. PA now owns 860,124 shares of the company’s stock valued at $13,461,000 after purchasing an additional 183,620 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of Freshpet in the second quarter valued at approximately $498,000. Finally, Gilder Gagnon Howe & Co. LLC increased its holdings in shares of Freshpet by 117.1% in the third quarter. Gilder Gagnon Howe & Co. LLC now owns 1,682,510 shares of the company’s stock valued at $26,331,000 after purchasing an additional 907,644 shares during the last quarter. 69.77% of the stock is owned by hedge funds and other institutional investors.

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About Freshpet

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.

Analyst Recommendations for Freshpet (NASDAQ:FRPT)

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