Freshpet Inc (NASDAQ:FRPT) – Stock analysts at SunTrust Banks boosted their FY2018 earnings estimates for Freshpet in a research report issued on Monday. SunTrust Banks analyst W. Chappell now forecasts that the company will post earnings of $0.06 per share for the year, up from their prior forecast of $0.05.

Freshpet (NASDAQ:FRPT) last issued its earnings results on Monday, November 6th. The company reported ($0.01) EPS for the quarter, hitting the Zacks’ consensus estimate of ($0.01). The business had revenue of $41.20 million for the quarter, compared to analyst estimates 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 quarterly revenue was up 19.4% compared to the same quarter last year. During the same period last year, the company posted $0.02 earnings per share.

Several other equities research analysts also recently weighed in on FRPT. Zacks Investment Research downgraded shares of Freshpet from a “hold” rating to a “sell” rating in a research note on Tuesday. BidaskClub downgraded shares of Freshpet from a “hold” rating to a “sell” rating in a research note on Tuesday. Robert W. Baird restated a “buy” rating and issued a $22.00 target price on shares of Freshpet in a research note on Wednesday, January 3rd. Susquehanna Bancshares began coverage on shares of Freshpet in a research note on Monday, October 2nd. They issued a “neutral” rating and a $15.00 target price for the company. Finally, Stifel Nicolaus restated a “buy” rating on shares of Freshpet in a research note on Friday, December 15th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $18.64.

Freshpet (NASDAQ:FRPT) traded down $0.10 during midday trading on Wednesday, hitting $18.45. 251,400 shares of the stock were exchanged, compared to its average volume of 189,400. Freshpet has a 1 year low of $9.25 and a 1 year high of $20.50. The company has a market capitalization of $646.68, a P/E ratio of -141.92 and a beta of 1.97.

A number of large investors have recently bought and sold shares of FRPT. Gilder Gagnon Howe & Co. LLC boosted its holdings in Freshpet by 117.1% in the 3rd 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. Lord Abbett & CO. LLC purchased a new stake in Freshpet during the 2nd quarter worth approximately $7,470,000. Emerald Mutual Fund Advisers Trust increased its stake in Freshpet by 60.4% during the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 676,608 shares of the company’s stock worth $10,589,000 after buying an additional 254,789 shares during the period. Summit Partners Public Asset Management LLC purchased a new stake in Freshpet during the 2nd quarter worth approximately $4,150,000. Finally, Alliancebernstein L.P. grew its holdings in Freshpet by 10.2% during the 2nd quarter. Alliancebernstein L.P. now owns 2,537,586 shares of the company’s stock worth $42,124,000 after acquiring an additional 233,847 shares in the last quarter. Institutional investors own 69.77% of the company’s stock.

In other news, COO Scott James Morris sold 10,000 shares of Freshpet stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $17.20, for a total value of $172,000.00. Following the sale, the chief operating officer now owns 212,307 shares in the company, valued at $3,651,680.40. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Richard A. Kassar sold 15,125 shares of the business’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $17.92, for a total transaction of $271,040.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 68,218 shares of company stock valued at $1,211,499. 6.80% of the stock is currently owned by corporate insiders.

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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.

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