Freshpet (FRPT) Scheduled to Post Earnings on Monday

Freshpet (NASDAQ:FRPT) will be posting its quarterly earnings results before the market opens on Monday, May 6th. Analysts expect Freshpet to post earnings of ($0.22) per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Freshpet (NASDAQ:FRPT) last released its quarterly earnings results on Monday, February 26th. The company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.22. The business had revenue of $215.40 million during the quarter, compared to analysts’ expectations of $204.93 million. Freshpet had a negative return on equity of 3.56% and a negative net margin of 4.38%. The company’s revenue was up 29.9% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.06) EPS. On average, analysts expect Freshpet to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Freshpet Stock Performance

NASDAQ FRPT opened at $106.36 on Monday. The stock has a market cap of $5.14 billion, a PE ratio of -149.80 and a beta of 1.23. The company has a current ratio of 4.79, a quick ratio of 4.08 and a debt-to-equity ratio of 0.44. Freshpet has a twelve month low of $54.60 and a twelve month high of $117.76. The stock has a fifty day simple moving average of $108.10 and a 200-day simple moving average of $87.14.

Insiders Place Their Bets

In other news, COO Scott James Morris sold 2,500 shares of Freshpet stock in a transaction on Monday, March 4th. The shares were sold at an average price of $112.02, for a total value of $280,050.00. Following the transaction, the chief operating officer now directly owns 122,380 shares of the company’s stock, valued at approximately $13,709,007.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, COO Scott James Morris sold 2,500 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $112.02, for a total transaction of $280,050.00. Following the transaction, the chief operating officer now owns 122,380 shares of the company’s stock, valued at $13,709,007.60. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Stephen Macchiaverna sold 7,130 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $108.53, for a total value of $773,818.90. Following the sale, the executive vice president now directly owns 85,056 shares of the company’s stock, valued at $9,231,127.68. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 15,762 shares of company stock valued at $1,737,280. 3.60% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. DA Davidson increased their price target on Freshpet from $104.00 to $138.00 and gave the stock a “buy” rating in a report on Wednesday, March 13th. Oppenheimer increased their target price on Freshpet from $100.00 to $115.00 and gave the stock an “outperform” rating in a research note on Friday, February 16th. Piper Sandler increased their target price on Freshpet from $100.00 to $130.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 27th. StockNews.com raised Freshpet to a “sell” rating in a research note on Wednesday, April 24th. Finally, Stifel Nicolaus increased their target price on Freshpet from $115.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, April 11th. One research analyst has rated the stock with a sell rating, three have given a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, Freshpet presently has a consensus rating of “Moderate Buy” and a consensus price target of $107.36.

Freshpet Company Profile

Freshpet, Inc, together with its subsidiaries, manufactures, distributes, and markets natural fresh meals and treats for dogs and cats in the United States, Canada, and Europe. It sells dog food, cat food, and dog treats under the Freshpet brand name; and Dognation and Dog Joy labels through various classes of retail, including grocery, mass, club, pet specialty, and natural, as well as online.