Freshpet (NASDAQ:FRPT) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a report issued on Friday, June 28th, BidAskClub reports.
Several other brokerages also recently weighed in on FRPT. DA Davidson began coverage on Freshpet in a report on Wednesday, June 19th. They set a “buy” rating and a $60.00 price target on the stock. SunTrust Banks downgraded Freshpet from a “buy” rating to a “hold” rating and set a $50.00 price target on the stock. in a report on Tuesday, June 18th. They noted that the move was a valuation call. Zacks Investment Research upgraded Freshpet from a “strong sell” rating to a “hold” rating and set a $51.00 price target on the stock in a report on Monday, May 6th. TheStreet downgraded Freshpet from a “b” rating to a “c” rating in a report on Monday, April 1st. Finally, Imperial Capital restated an “in-line” rating and set a $40.00 price target (up previously from $35.00) on shares of Freshpet in a report on Monday, March 4th. One research analyst has 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 stock presently has an average rating of “Hold” and an average target price of $43.57.
FRPT opened at $45.83 on Friday. The business’s 50-day moving average price is $46.88. Freshpet has a 12-month low of $25.81 and a 12-month high of $51.85. The company has a current ratio of 1.08, a quick ratio of 0.72 and a debt-to-equity ratio of 0.07.
Freshpet (NASDAQ:FRPT) last posted its earnings results on Monday, May 6th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.09) by ($0.01). Freshpet had a negative return on equity of 4.46% and a negative net margin of 2.57%. The firm had revenue of $54.80 million for the quarter, compared to analyst estimates of $54.28 million. During the same period in the previous year, the company posted ($0.10) EPS. Freshpet’s revenue was up 26.9% on a year-over-year basis. Equities analysts forecast that Freshpet will post 0.06 earnings per share for the current year.
In related news, VP Stephen Macchiaverna sold 10,000 shares of the company’s stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $47.05, for a total value of …read more
Source:: Daily Times