StockNews.com Upgrades Freshpet (NASDAQ:FRPT) to “Sell”

StockNews.com upgraded shares of Freshpet (NASDAQ:FRPTGet Rating) to a sell rating in a research report report published on Tuesday morning.

A number of other analysts have also recently commented on FRPT. Oppenheimer reduced their target price on shares of Freshpet from $120.00 to $110.00 in a report on Tuesday. Citigroup dropped their price target on Freshpet from $80.00 to $72.00 in a research note on Tuesday. Benchmark started coverage on Freshpet in a research note on Wednesday, April 27th. They set a buy rating and a $135.00 price target for the company. Cowen reduced their target price on shares of Freshpet from $181.00 to $163.00 and set an outperform rating on the stock in a report on Tuesday. Finally, The Goldman Sachs Group upgraded Freshpet from a neutral rating to a buy rating and increased their price target for the company from $111.00 to $136.00 in a report on Tuesday, March 29th. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of Hold and an average price target of $141.73.

Shares of NASDAQ FRPT opened at $82.92 on Tuesday. The firm has a market cap of $3.60 billion, a P/E ratio of -120.17 and a beta of 0.73. Freshpet has a twelve month low of $78.81 and a twelve month high of $183.38. The company has a 50 day moving average of $101.22 and a 200 day moving average of $105.64.

Freshpet (NASDAQ:FRPTGet Rating) last posted its earnings results on Monday, May 2nd. The company reported ($0.40) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.36) by ($0.04). Freshpet had a negative return on equity of 4.12% and a negative net margin of 6.98%. During the same period in the prior year, the business posted ($0.26) earnings per share. Equities research analysts predict that Freshpet will post -0.46 earnings per share for the current year.

Several institutional investors and hedge funds have recently modified their holdings of the company. Parallel Advisors LLC grew its holdings in shares of Freshpet by 186.0% in the first quarter. Parallel Advisors LLC now owns 286 shares of the company’s stock worth $30,000 after purchasing an additional 186 shares during the last quarter. Private Capital Group LLC boosted its position in Freshpet by 168.4% in the 4th quarter. Private Capital Group LLC now owns 416 shares of the company’s stock valued at $40,000 after buying an additional 261 shares during the period. Exchange Traded Concepts LLC bought a new position in Freshpet in the 1st quarter worth about $44,000. FourThought Financial LLC increased its position in shares of Freshpet by 69.3% during the fourth quarter. FourThought Financial LLC now owns 452 shares of the company’s stock worth $43,000 after acquiring an additional 185 shares during the period. Finally, Signaturefd LLC raised its stake in shares of Freshpet by 373.7% during the first quarter. Signaturefd LLC now owns 469 shares of the company’s stock valued at $48,000 after acquiring an additional 370 shares in the last quarter.

About Freshpet (Get Rating)

Freshpet, Inc manufactures and markets natural fresh meals and treats for dogs and cats in the United States, Canada, and Europe. The company sells its products under the Freshpet brand; and Dognation and Dog Joy labels through various classes of retail, including grocery, mass, club, pet specialty, and natural, as well as online.

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Analyst Recommendations for Freshpet (NASDAQ:FRPT)

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