Whole Earth Brands (NASDAQ:FREE) Given New $11.00 Price Target at Cowen

Whole Earth Brands (NASDAQ:FREEGet Rating) had its price target lowered by Cowen from $14.00 to $11.00 in a report published on Monday morning, Stock Target Advisor reports.

FREE has been the topic of several other reports. Cowen lowered their price target on Whole Earth Brands from $14.00 to $11.00 in a research report on Monday. TheStreet downgraded Whole Earth Brands from a c- rating to a d+ rating in a research report on Monday, August 29th. Finally, Canaccord Genuity Group cut their price target on Whole Earth Brands from $10.00 to $8.00 and set a buy rating for the company in a report on Thursday, November 10th.

Whole Earth Brands Price Performance

Shares of Whole Earth Brands stock opened at $3.85 on Monday. Whole Earth Brands has a 1-year low of $3.00 and a 1-year high of $12.03. The firm has a fifty day simple moving average of $3.63 and a 200-day simple moving average of $5.21. The company has a current ratio of 3.68, a quick ratio of 1.14 and a debt-to-equity ratio of 1.38. The stock has a market capitalization of $161.62 million, a price-to-earnings ratio of 128.38 and a beta of 0.41.

Institutional Investors Weigh In On Whole Earth Brands

A number of institutional investors have recently added to or reduced their stakes in FREE. Armistice Capital LLC lifted its position in shares of Whole Earth Brands by 22.5% in the 3rd quarter. Armistice Capital LLC now owns 2,395,802 shares of the company’s stock worth $9,200,000 after acquiring an additional 439,802 shares during the period. FMR LLC grew its stake in shares of Whole Earth Brands by 0.5% during the second quarter. FMR LLC now owns 2,306,989 shares of the company’s stock worth $14,303,000 after purchasing an additional 11,293 shares during the period. Vanguard Group Inc. boosted its stake in Whole Earth Brands by 2.4% during the 1st quarter. Vanguard Group Inc. now owns 1,777,146 shares of the company’s stock worth $12,724,000 after acquiring an additional 41,952 shares during the last quarter. Systematic Financial Management LP lifted its holdings in Whole Earth Brands by 2.1% during the third quarter. Systematic Financial Management LP now owns 1,151,356 shares of the company’s stock worth $4,421,000 after acquiring an additional 24,167 shares in the last quarter. Finally, Loomis Sayles & Co. L P boosted its holdings in shares of Whole Earth Brands by 12.2% in the first quarter. Loomis Sayles & Co. L P now owns 1,110,344 shares of the company’s stock valued at $7,950,000 after buying an additional 120,627 shares during the period. 80.19% of the stock is owned by institutional investors and hedge funds.

About Whole Earth Brands

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Whole Earth Brands, Inc operates as a food company worldwide. It operates through two segments, Branded CPG and Flavors & Ingredients. The Branded CPG segment focuses on building a branded portfolio serving consumers seeking zero-calorie, low-calorie, natural, no-sugar added, and plant-based products.

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