Freshpet (NASDAQ:FRPT) had its price objective increased by Imperial Capital from $40.00 to $55.00 in a report issued on Friday morning, BenzingaRatingsTable reports. They currently have an inline rating on the stock. Imperial Capital also issued estimates for Freshpet’s Q2 2020 earnings at $0.02 EPS, Q3 2020 earnings at $0.25 EPS, Q4 2020 earnings at $0.30 EPS, FY2020 earnings at $0.55 EPS and FY2021 earnings at $0.91 EPS.
Several other analysts have also recently commented on FRPT. Stifel Nicolaus set a $57.00 price target on Freshpet and gave the company a buy rating in a report on Friday, September 13th. JPMorgan Chase & Co. lifted their price target on Freshpet from $58.00 to $62.00 and gave the company an overweight rating in a research note on Wednesday, December 4th. Robert W. Baird upped their price objective on Freshpet from $50.00 to $60.00 and gave the stock an outperform rating in a report on Thursday, October 31st. William Blair reiterated a buy rating on shares of Freshpet in a research report on Thursday, November 21st. Finally, Zacks Investment Research cut Freshpet from a buy rating to a hold rating in a research report on Wednesday, November 6th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of Buy and an average target price of $53.88.
NASDAQ FRPT opened at $56.71 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.36 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $2.05 billion, a P/E ratio of -378.07 and a beta of 1.06. Freshpet has a 52-week low of $28.44 and a 52-week high of $58.11. The firm has a 50-day moving average price of $53.02 and a 200 day moving average price of $48.03.
Freshpet (NASDAQ:FRPT) last announced its quarterly earnings data on Monday, November 4th. The company reported $0.08 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.02). Freshpet had a negative net margin of 1.84% and a negative return on equity of 3.52%. The business had revenue of $65.27 million during the quarter, compared to analysts’ expectations of $64.37 million. The firm’s revenue was up 28.5% on a year-over-year basis. On average, equities research analysts expect that Freshpet will post 0.02 earnings per share for the current fiscal year.
In other Freshpet news, CFO Richard A. Kassar sold 10,000 shares of Freshpet stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $55.50, for a total value of $555,000.00. Following the completion of the sale, the chief financial officer now directly owns 159,994 shares of the company’s stock, valued at approximately $8,879,667. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Stephen Macchiaverna sold 4,966 shares of Freshpet stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $54.50, for a total transaction of $270,647.00. Following the completion of the sale, the vice president now directly owns 86,603 shares of the company’s stock, valued at $4,719,863.50. The disclosure for this sale can be found here. In the last three months, insiders sold 24,964 shares of company stock valued at $1,371,916. Company insiders own 4.90% of the company’s stock.
Several institutional investors have recently modified their holdings of the business. FTB Advisors Inc. grew its position in shares of Freshpet by 85.1% in the third quarter. FTB Advisors Inc. now owns 522 shares of the company’s stock valued at $26,000 after purchasing an additional 240 shares during the period. HM Payson & Co. acquired a new stake in Freshpet in the 2nd quarter worth about $50,000. Redhawk Wealth Advisors Inc. acquired a new stake in Freshpet in the 2nd quarter worth about $68,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Freshpet by 21.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,087 shares of the company’s stock valued at $95,000 after buying an additional 363 shares during the period. Finally, NumerixS Investment Technologies Inc grew its holdings in Freshpet by 21.4% in the 2nd quarter. NumerixS Investment Technologies Inc now owns 3,400 shares of the company’s stock valued at $155,000 after buying an additional 600 shares during the period.
Freshpet Company Profile
Freshpet, Inc manufactures and markets natural fresh products, refrigerated meals, and treats for dogs and cats in the United States, Canada, and the United Kingdom. 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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