Freshpet (FRPT) Scheduled to Post Quarterly Earnings on Monday

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

Freshpet (NASDAQ:FRPT) last released its earnings results on Monday, February 26th. The company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.22. The firm had revenue of $215.40 million for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the firm 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 Up 2.3 %

Shares of FRPT opened at $109.58 on Friday. Freshpet has a 52 week low of $54.60 and a 52 week high of $117.76. The firm has a market capitalization of $5.31 billion, a P/E ratio of -154.34 and a beta of 1.24. The company has a 50-day simple moving average of $109.84 and a 200-day simple moving average of $88.86. The company has a debt-to-equity ratio of 0.44, a quick ratio of 4.08 and a current ratio of 4.79.

Analyst Ratings Changes

A number of brokerages have recently issued reports on FRPT. Stifel Nicolaus increased their target price on Freshpet from $115.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, April 11th. StockNews.com upgraded Freshpet to a “sell” rating in a research report on Saturday. Piper Sandler raised their target price on shares of Freshpet from $100.00 to $130.00 and gave the stock an “overweight” rating in a report on Tuesday, February 27th. JPMorgan Chase & Co. lifted their target price on Freshpet from $67.00 to $102.00 and gave the company a “neutral” rating in a research report on Tuesday, February 27th. Finally, DA Davidson raised their price target on shares of Freshpet from $104.00 to $138.00 and gave the stock a “buy” rating in a research note on Wednesday, March 13th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $107.36.

Insider Buying and Selling at Freshpet

In other news, EVP Stephen Macchiaverna sold 7,130 shares of the stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $108.53, for a total transaction of $773,818.90. Following the transaction, the executive vice president now owns 85,056 shares in the company, valued at $9,231,127.68. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, EVP Stephen Macchiaverna sold 7,130 shares of the stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $108.53, for a total transaction of $773,818.90. Following the sale, the executive vice president now owns 85,056 shares of the company’s stock, valued at $9,231,127.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Scott James Morris sold 2,500 shares of the firm’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $113.76, for a total value of $284,400.00. Following the completion of the sale, the chief operating officer now directly owns 122,380 shares in the company, valued at approximately $13,921,948.80. The disclosure for this sale can be found here. Insiders have sold 15,762 shares of company stock worth $1,737,280 over the last 90 days. Company insiders own 3.60% of the company’s stock.

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.