Stephens & Co. Upgrades Freshpet Inc to Overweight

Brokerage firm Stephens & Co. Upgrades its rating on Freshpet Inc(NASDAQ:FRPT). The shares have been rated Overweight. Previously, the analysts had a Equal-weight rating on the shares. The rating by Stephens & Co. was issued on Aug 5, 2016.

Freshpet Inc (FRPT) shares turned negative on Wednesdays trading session with the shares closing down -0.02 points or -0.19% at a volume of 97,377. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $10.37. The peak price level was also seen at $10.37 while the days lowest was $10.2. Finally the shares closed at $10.26. The 52-week high of the shares is $14.83 while the 52-week low is $5.6. According to the latest information available, the market cap of the company is $345 M.

Freshpet Inc(FRPT) last announced its earnings results on Aug 4, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $33.00M. Analysts had an estimated revenue of $33.00M. Earnings per share were $-0.10. Analysts had estimated an EPS of $-0.03.

Several Insider Transactions has been reported to the SEC. On Jun 8, 2016, Michael Hieger (SVP Manufacturing Operations) sold 887 shares at $9.42 per share price.Also, On Jun 1, 2016, Mary Kathryn Winstanley (Vice President of Marketing) sold 7,171 shares at $9.86 per share price.On May 18, 2016, Stephen Macchiaverna (Sr. VP, Controller, Secretary) sold 3,600 shares at $9.14 per share price, according to the Form-4 filing with the securities and exchange commission.

Freshpet Inc. is a manufacturer of fresh refrigerated pet food distributed across North America. The Company offers products consisting of dog food cat food and dog and cat treats. Its recipes include real fresh meat and varying combinations of vegetables leafy greens and anti-oxidant rich fruits without the use of preservatives additives or artificial ingredients. All of its products are sold under the Freshpet brand name with ingredients packaging and labeling customized by class of retail. It also offers fresh and frozen treats across all classes of retail under the Dognation and Dog Joy labels. The Company’s products are available in different forms including slice and serve rolls bagged meals and tubs. Its products are distributed throughout the United States and Canada into retail classes including Grocery and Mass (which includes club) as well as Pet specialty and Natural retail.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *