Freshpet, Inc. (NASDAQ:FRPT) – Imperial Capital lowered their Q4 2017 earnings per share estimates for Freshpet in a research note issued on Wednesday. Imperial Capital analyst G. Kelly now expects that the company will post earnings per share of $0.03 for the quarter, down from their prior estimate of $0.04. Imperial Capital has a “In-Line” rating and a $16.50 price target on the stock. Imperial Capital also issued estimates for Freshpet’s FY2019 earnings at $0.31 EPS.

Freshpet (NASDAQ:FRPT) last released its quarterly earnings data on Monday, November 6th. The company reported ($0.01) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.01). The business had revenue of $41.20 million for the quarter, compared to the consensus estimate of $41.19 million. Freshpet had a negative net margin of 3.04% and a negative return on equity of 4.19%. The company’s revenue was up 19.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.02 earnings per share.

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Other equities research analysts also recently issued reports about the stock. Zacks Investment Research downgraded shares of Freshpet from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. SunTrust Banks, Inc. raised 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. Credit Suisse Group raised their target price on shares of Freshpet from $15.00 to $17.00 and gave the company a “neutral” rating in a research note on Tuesday. Stifel Nicolaus reaffirmed a “buy” rating and issued a $20.00 target price (up from $14.00) on shares of Freshpet in a research note on Thursday, July 20th. Finally, BidaskClub downgraded shares of Freshpet from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $18.36.

Shares of Freshpet (FRPT) opened at $17.40 on Thursday. Freshpet has a fifty-two week low of $8.25 and a fifty-two week high of $18.25.

Hedge funds and other institutional investors have recently modified their holdings of the business. Bank of Montreal Can raised its position in shares of Freshpet by 1.4% in the 2nd quarter. Bank of Montreal Can now owns 7,368 shares of the company’s stock worth $122,000 after purchasing an additional 103 shares during the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of Freshpet by 0.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 68,936 shares of the company’s stock valued at $1,145,000 after purchasing an additional 380 shares during the last quarter. Citadel Advisors LLC increased its position in shares of Freshpet by 4.0% during the 2nd quarter. Citadel Advisors LLC now owns 19,358 shares of the company’s stock valued at $321,000 after purchasing an additional 750 shares during the last quarter. American International Group Inc. increased its position in shares of Freshpet by 7.1% during the 1st quarter. American International Group Inc. now owns 13,762 shares of the company’s stock valued at $151,000 after purchasing an additional 917 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in shares of Freshpet by 5.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 20,598 shares of the company’s stock valued at $343,000 after purchasing an additional 1,144 shares during the last quarter. Institutional investors and hedge funds own 68.07% of the company’s stock.

In other Freshpet news, CFO Richard A. Kassar sold 23,239 shares of the stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $16.00, for a total transaction of $371,824.00. Following the transaction, the chief financial officer now directly owns 208,971 shares in the company, valued at $3,343,536. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Richard A. Kassar sold 8,977 shares of the stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $16.00, for a total transaction of $143,632.00. Following the transaction, the chief financial officer now owns 208,971 shares in the company, valued at $3,343,536. The disclosure for this sale can be found here. Insiders have sold 40,954 shares of company stock worth $653,704 over the last quarter. Company insiders own 6.80% of the company’s stock.

Freshpet Company Profile

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.

Earnings History and Estimates for Freshpet (NASDAQ:FRPT)

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