Freshpet (FRPT) Scheduled to Post Earnings on Monday

Freshpet (NASDAQ:FRPT) is set to release its earnings data before the market opens on Monday, May 6th. Analysts expect Freshpet to post earnings of ($0.22) per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

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

Freshpet Trading Up 1.3 %

FRPT stock opened at $106.36 on Monday. Freshpet has a twelve month low of $54.60 and a twelve month high of $117.76. The stock has a market capitalization of $5.14 billion, a price-to-earnings ratio of -149.80 and a beta of 1.23. The company has a quick ratio of 4.08, a current ratio of 4.79 and a debt-to-equity ratio of 0.44. The firm’s fifty day simple moving average is $108.10 and its two-hundred day simple moving average is $87.14.

Insider Transactions at Freshpet

In related news, COO Scott James Morris sold 2,500 shares of Freshpet stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $112.02, for a total transaction of $280,050.00. Following the transaction, the chief operating officer now directly owns 122,380 shares of the company’s stock, valued at $13,709,007.60. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, COO Scott James Morris sold 2,500 shares of the business’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $112.02, for a total value of $280,050.00. Following the completion of 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 transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Stephen Macchiaverna sold 7,130 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $9,231,127.68. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,762 shares of company stock valued at $1,737,280. Company insiders own 3.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. DA Davidson increased their price objective on shares of Freshpet from $104.00 to $138.00 and gave the stock a “buy” rating in a research report on Wednesday, March 13th. Piper Sandler raised their price target on Freshpet from $100.00 to $130.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 27th. Citigroup assumed coverage on Freshpet in a research report on Thursday, February 1st. They issued a “neutral” rating and a $94.00 price objective on the stock. Stifel Nicolaus lifted their target price on Freshpet from $115.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. Finally, StockNews.com raised shares of Freshpet to a “sell” rating in a research note on Wednesday, April 24th. One analyst has rated the stock with a sell rating, three have given a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Freshpet has an average rating of “Moderate Buy” and a consensus target price of $107.36.

About Freshpet

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.