Freshpet (NASDAQ:FRPT) released its quarterly earnings data on Sunday. The company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.17), MarketWatch Earnings reports. The firm had revenue of $84.52 million for the quarter, compared to the consensus estimate of $84.59 million. Freshpet had a net margin of 1.60% and a return on equity of 1.49%. The firm’s revenue for the quarter was up 28.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.12 earnings per share.
Shares of FRPT stock traded down $3.95 during mid-day trading on Tuesday, hitting $145.38. The company had a trading volume of 61,136 shares, compared to its average volume of 258,216. Freshpet has a 52-week low of $40.79 and a 52-week high of $173.52. The stock’s 50 day moving average price is $151.99 and its 200-day moving average price is $129.14. The company has a market capitalization of $5.91 billion, a P/E ratio of 1,233.02, a P/E/G ratio of 5.40 and a beta of 0.85.
In other news, Director Daryl G. Brewster sold 16,053 shares of the business’s stock in a transaction on Tuesday, December 8th. The shares were sold at an average price of $136.76, for a total value of $2,195,408.28. Following the transaction, the director now owns 58,132 shares of the company’s stock, valued at $7,950,132.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 4.50% of the stock is currently owned by insiders.
A number of analysts have recently commented on the stock. JPMorgan Chase & Co. lifted their price target on shares of Freshpet from $170.00 to $187.00 and gave the stock an “overweight” rating in a research note on Tuesday. Smith Barney Citigroup lifted their price target on shares of Freshpet from $93.00 to $100.00 in a research note on Wednesday, November 4th. Stephens assumed coverage on shares of Freshpet in a research note on Tuesday, January 19th. They issued an “overweight” rating and a $180.00 price target for the company. Oppenheimer upgraded shares of Freshpet from a “market perform” rating to an “outperform” rating and set a $175.00 price target for the company in a research note on Thursday, January 21st. Finally, Robert W. Baird lifted their price target on shares of Freshpet from $115.00 to $135.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 3rd. One analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $130.94.
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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