Freshpet (NASDAQ:FRPT – Get Rating) issued its quarterly earnings data on Monday. The company reported ($0.40) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.36) by ($0.04), MarketWatch Earnings reports. Freshpet had a negative net margin of 6.98% and a negative return on equity of 4.12%. During the same quarter last year, the firm earned ($0.26) EPS.
Shares of FRPT stock opened at $93.10 on Tuesday. The stock has a market capitalization of $4.04 billion, a price-to-earnings ratio of -134.93 and a beta of 0.73. The company’s fifty day simple moving average is $101.23 and its two-hundred day simple moving average is $106.10. Freshpet has a 1 year low of $78.81 and a 1 year high of $186.98.
A number of research firms recently weighed in on FRPT. Citigroup dropped their price target on shares of Freshpet from $80.00 to $72.00 in a research report on Tuesday. Zacks Investment Research downgraded Freshpet from a “hold” rating to a “strong sell” rating in a research report on Monday, March 7th. Benchmark began coverage on Freshpet in a research note on Wednesday, April 27th. They issued a “buy” rating and a $135.00 price objective for the company. The Goldman Sachs Group raised shares of Freshpet from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $111.00 to $136.00 in a report on Tuesday, March 29th. Finally, Cowen lowered their price objective on shares of Freshpet from $229.00 to $182.00 in a research report on Monday, January 10th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, Freshpet currently has an average rating of “Buy” and an average target price of $142.50.
Freshpet Company Profile (Get Rating)
Freshpet, Inc manufactures and markets natural fresh meals and treats for dogs and cats in the United States, Canada, and Europe. The company sells its products under the Freshpet brand; and Dognation and Dog Joy labels through various classes of retail, including grocery, mass, club, pet specialty, and natural, as well as online.
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