Zacks Investment Research upgraded shares of Freshpet (NASDAQ:FRPT – Get Rating) from a promote ranking to a maintain ranking in a analysis report report printed on Thursday morning, Zacks.com reviews.
In accordance with Zacks, “Freshpet Inc. is a pet meals firm. The corporate manufactures and markets pure recent meals, refrigerated meals, and treats for canines and cats in america and Canada. Freshpet offers meats- primarily based recipes, comparable to rooster, beef, lamb and salmon; vegatables and fruits, comparable to carrots, peas and leafy inexperienced greens, and high-fiber grains, comparable to brown rice, oats and barley. It sells its merchandise below the Freshpet, Dognation, and Canine Pleasure model names. Freshpet Inc. is headquartered in Secaucus, New Jersey. “
Different equities analysts have additionally issued reviews concerning the firm. StockNews.com raised Freshpet to a promote ranking in a analysis be aware on Tuesday. The Goldman Sachs Group upgraded Freshpet from a impartial ranking to a purchase ranking and upped their value goal for the inventory from $111.00 to $136.00 in a report on Tuesday, March twenty ninth. Oppenheimer decreased their value goal on Freshpet from $120.00 to $110.00 in a report on Tuesday. Cowen decreased their value goal on Freshpet from $181.00 to $163.00 and set an outperform ranking for the corporate in a report on Tuesday. Lastly, Benchmark assumed protection on Freshpet in a report on Wednesday, April twenty seventh. They set a purchase ranking and a $135.00 value goal for the corporate. Two equities analysis analysts have rated the inventory with a promote ranking, two have given a maintain ranking and eight have given a purchase ranking to the inventory. In accordance with knowledge from MarketBeat.com, the corporate presently has a mean ranking of Purchase and a mean value goal of $136.40.
Shares of FRPT stock traded down $2.93 throughout mid-day buying and selling on Thursday, reaching $65.99. 6,327 shares of the inventory traded fingers, in comparison with its common quantity of 574,259. The inventory’s fifty day easy transferring common is $100.53 and its two-hundred day easy transferring common is $105.21. Freshpet has a 1-year low of $68.06 and a 1-year excessive of $183.38. The corporate has a market cap of $2.87 billion, a price-to-earnings ratio of -83.04 and a beta of 0.73.
Freshpet (NASDAQ:FRPT – Get Rating) final posted its quarterly earnings knowledge on Monday, Might 2nd. The corporate reported ($0.40) EPS for the quarter, lacking analysts’ consensus estimates of ($0.36) by ($0.04). Freshpet had a damaging return on fairness of 5.04% and a damaging internet margin of seven.83%. Throughout the identical interval final yr, the enterprise earned ($0.26) earnings per share. Equities analysis analysts count on that Freshpet will submit -0.53 EPS for the present fiscal yr.
A number of institutional buyers have just lately made modifications to their positions within the firm. BlackRock Inc. lifted its stake in shares of Freshpet by 1.9% within the third quarter. BlackRock Inc. now owns 4,038,374 shares of the corporate’s inventory valued at $576,234,000 after buying a further 73,474 shares throughout the interval. Wasatch Advisors Inc. grew its holdings in shares of Freshpet by 49.2% within the fourth quarter. Wasatch Advisors Inc. now owns 3,308,323 shares of the corporate’s inventory value $315,184,000 after buying a further 1,090,907 shares throughout the interval. Capital Analysis International Traders lifted its place in Freshpet by 7.1% throughout the fourth quarter. Capital Analysis International Traders now owns 3,164,445 shares of the corporate’s inventory valued at $301,477,000 after buying a further 208,604 shares within the final quarter. Champlain Funding Companions LLC lifted its place in Freshpet by 245.6% throughout the fourth quarter. Champlain Funding Companions LLC now owns 1,897,110 shares of the corporate’s inventory valued at $180,738,000 after buying a further 1,348,240 shares within the final quarter. Lastly, Franklin Sources Inc. lifted its place in Freshpet by 4.6% throughout the third quarter. Franklin Sources Inc. now owns 1,202,104 shares of the corporate’s inventory valued at $171,528,000 after buying a further 52,744 shares within the final quarter.
About Freshpet (Get Rating)
Freshpet, Inc manufactures and markets pure recent meals and treats for canines and cats in america, Canada, and Europe. The corporate sells its merchandise below the Freshpet model; and Dognation and Canine Pleasure labels by means of varied lessons of retail, together with grocery, mass, membership, pet specialty, and pure, in addition to on-line.
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