Freshpet (FRPT) Given Daily News Impact Rating of 0.07
News headlines about Freshpet (NASDAQ:FRPT) have been trending somewhat positive this week, according to Accern. The research group identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Freshpet earned a coverage optimism score of 0.07 on Accern’s scale. Accern also gave media coverage about the company an impact score of 46.1766295482566 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Shares of Freshpet (NASDAQ:FRPT) traded up 0.64% during midday trading on Thursday, reaching $15.80. 25,484 shares of the company’s stock traded hands. Freshpet has a 52-week low of $7.60 and a 52-week high of $18.25. The stock has a 50-day moving average price of $16.42 and a 200-day moving average price of $13.73. The stock’s market cap is $502.44 million.
Freshpet (NASDAQ:FRPT) last announced its earnings results on Monday, August 7th. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by $0.01. The business had revenue of $39.97 million for the quarter, compared to the consensus estimate of $38.09 million. Freshpet had a negative net margin of 2.57% and a negative return on equity of 3.44%. Freshpet’s revenue was up 21.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.10) EPS. Analysts forecast that Freshpet will post ($0.10) earnings per share for the current year.
Several brokerages have commented on FRPT. ValuEngine raised shares of Freshpet from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Zacks Investment Research downgraded shares of Freshpet from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. Imperial Capital began coverage on shares of Freshpet in a research note on Thursday, July 20th. They issued an “in-line” rating and a $16.50 target price for the company. They noted that the move was a valuation call. SunTrust Banks, Inc. upped their target price on shares of Freshpet from $15.00 to $20.00 and gave the company a “buy” rating in a research note on Tuesday, August 8th. Finally, Credit Suisse Group upped their target price on shares of Freshpet from $12.00 to $15.00 and gave the company a “neutral” rating in a research note on Friday, June 16th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. Freshpet currently has a consensus rating of “Hold” and a consensus target price of $16.36.
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In related news, CFO Richard A. Kassar sold 23,239 shares of the company’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $16.00, for a total transaction of $371,824.00. Following the completion of the transaction, the chief financial officer now owns 208,971 shares in the company, valued at $3,343,536. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Richard A. Kassar sold 8,977 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $16.00, for a total value of $143,632.00. Following the transaction, the chief financial officer now owns 208,971 shares of the company’s stock, valued at approximately $3,343,536. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 37,853 shares of company stock valued at $609,298. 6.80% of the stock is owned by corporate insiders.
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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