Robert W. Baird reaffirmed their buy rating on shares of Freshpet (NASDAQ:FRPT) in a research report released on Wednesday, January 3rd. Robert W. Baird currently has a $22.00 price target on the stock.

FRPT has been the subject of a number of other research reports. Oppenheimer reiterated a hold rating on shares of Freshpet in a research report on Friday, December 1st. BidaskClub downgraded Freshpet from a buy rating to a hold rating in a research report on Friday, December 15th. TheStreet upgraded Freshpet from a d+ rating to a c- rating in a research report on Thursday, November 30th. Stifel Nicolaus restated a buy rating on shares of Freshpet in a research report on Friday, December 15th. Finally, Credit Suisse Group raised their target price on Freshpet from $15.00 to $17.00 and gave the stock a neutral rating in a research report on Tuesday, November 7th. Two 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 currently has a consensus rating of Hold and an average price target of $19.07.

Shares of Freshpet (NASDAQ:FRPT) opened at $18.55 on Wednesday. Freshpet has a 52-week low of $9.25 and a 52-week high of $20.50.

Freshpet (NASDAQ:FRPT) last announced its quarterly earnings data on Monday, November 6th. The company reported ($0.01) EPS for the quarter, hitting the Zacks’ consensus estimate of ($0.01). Freshpet had a negative return on equity of 4.19% and a negative net margin of 3.04%. The company had revenue of $41.20 million during the quarter, compared to the consensus estimate of $41.19 million. During the same quarter last year, the company earned $0.02 EPS. The company’s quarterly revenue was up 19.4% on a year-over-year basis. research analysts predict that Freshpet will post -0.11 EPS for the current fiscal year.

In related news, CFO Richard A. Kassar sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $18.93, for a total transaction of $189,300.00. Following the completion of the transaction, the chief financial officer now owns 209,994 shares in the company, valued at approximately $3,975,186.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Scott James Morris sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $17.26, for a total value of $345,200.00. Following the transaction, the insider now owns 212,307 shares of the company’s stock, valued at approximately $3,664,418.82. The disclosure for this sale can be found here. Insiders have sold a total of 68,218 shares of company stock valued at $1,211,499 in the last 90 days. 6.80% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of FRPT. Gilder Gagnon Howe & Co. LLC raised its position 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 bought a new position in Freshpet in the 2nd quarter valued at $7,470,000. Emerald Mutual Fund Advisers Trust raised its position in Freshpet by 60.4% in the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 676,608 shares of the company’s stock valued at $10,589,000 after purchasing an additional 254,789 shares during the last quarter. Summit Partners Public Asset Management LLC bought a new position in Freshpet in the 2nd quarter valued at $4,150,000. Finally, Alliancebernstein L.P. raised its position in Freshpet by 10.2% in the 2nd quarter. Alliancebernstein L.P. now owns 2,537,586 shares of the company’s stock valued at $42,124,000 after purchasing an additional 233,847 shares during the last quarter. Hedge funds and other institutional investors own 69.77% of the company’s stock.

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About Freshpet

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.

Analyst Recommendations for Freshpet (NASDAQ:FRPT)

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