$126.26 Million in Sales Expected for Freshpet, Inc. (NASDAQ:FRPT) This Quarter

Brokerages predict that Freshpet, Inc. (NASDAQ:FRPTGet Rating) will report $126.26 million in sales for the current fiscal quarter, according to Zacks. Seven analysts have issued estimates for Freshpet’s earnings. The highest sales estimate is $128.27 million and the lowest is $124.20 million. Freshpet posted sales of $93.41 million in the same quarter last year, which would indicate a positive year over year growth rate of 35.2%. The firm is expected to issue its next earnings report after the market closes on Monday, January 1st.

On average, analysts expect that Freshpet will report full-year sales of $576.20 million for the current financial year, with estimates ranging from $574.63 million to $579.90 million. For the next year, analysts expect that the business will post sales of $752.92 million, with estimates ranging from $739.70 million to $799.58 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that follow Freshpet.

Freshpet (NASDAQ:FRPTGet Rating) last issued its quarterly earnings data on Monday, February 28th. The company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.07). Freshpet had a negative return on equity of 4.12% and a negative net margin of 6.98%. The company had revenue of $115.90 million for the quarter, compared to analyst estimates of $116.15 million. During the same quarter in the previous year, the business earned ($0.08) earnings per share. The company’s revenue was up 37.2% on a year-over-year basis.

A number of research analysts recently weighed in on FRPT shares. Citigroup decreased their target price on shares of Freshpet from $120.00 to $80.00 and set a “sell” rating for the company in a research report on Monday, December 20th. Oppenheimer decreased their target price on shares of Freshpet from $175.00 to $120.00 and set an “outperform” rating for the company in a research report on Monday, December 20th. Robert W. Baird decreased their target price on shares of Freshpet from $185.00 to $150.00 and set an “outperform” rating for the company in a research report on Monday, December 20th. Zacks Investment Research downgraded shares of Freshpet from a “hold” rating to a “strong sell” rating in a research report on Monday, March 7th. Finally, Cowen decreased their price objective on shares of Freshpet from $229.00 to $182.00 in a research report on Monday, January 10th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Freshpet currently has a consensus rating of “Buy” and a consensus target price of $144.22.

Institutional investors have recently added to or reduced their stakes in the business. Private Capital Group LLC grew its position in shares of Freshpet by 168.4% in the fourth quarter. Private Capital Group LLC now owns 416 shares of the company’s stock valued at $40,000 after purchasing an additional 261 shares during the last quarter. FourThought Financial LLC grew its position in shares of Freshpet by 69.3% in the fourth quarter. FourThought Financial LLC now owns 452 shares of the company’s stock valued at $43,000 after purchasing an additional 185 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its position in shares of Freshpet by 245.5% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 501 shares of the company’s stock valued at $71,000 after purchasing an additional 356 shares during the last quarter. HM Payson & Co. grew its position in shares of Freshpet by 94.1% in the fourth quarter. HM Payson & Co. now owns 594 shares of the company’s stock valued at $57,000 after purchasing an additional 288 shares during the last quarter. Finally, Sageworth Trust Co of South Dakota acquired a new position in shares of Freshpet in the fourth quarter valued at approximately $66,000. 93.94% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ:FRPT opened at $112.88 on Friday. The firm has a market cap of $4.90 billion, a price-to-earnings ratio of -163.59 and a beta of 0.68. Freshpet has a 12 month low of $78.81 and a 12 month high of $186.98. The company’s fifty day simple moving average is $97.99 and its 200 day simple moving average is $109.62.

About Freshpet (Get Rating)

Freshpet, Inc engages in the manufacturing, marketing, and distribution of pet food and pet treats for dogs and cats. Its products are sold throughout the United States and in Canada under the Freshpet Select, Vital, and Nature’s Fresh brands. Its products include Deli Fresh Grain Free Chicken Recipe for Dogs, Dog Joy Turkey and Apple Bites Treats for Dogs, Nature’s Fresh Grain Free Chicken Recipe for Cats, and Vital Grain Free Chicken and Ocean Whitefish Recipe for Cats.

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