Freshpet Inc (NASDAQ:FRPT) – Analysts at Imperial Capital issued their Q2 2020 earnings per share estimates for Freshpet in a research report issued to clients and investors on Friday, December 6th. Imperial Capital analyst G. Kelly expects that the company will post earnings per share of $0.02 for the quarter. Imperial Capital currently has a “Inline” rating and a $55.00 price objective on the stock. Imperial Capital also issued estimates for Freshpet’s 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.
Freshpet (NASDAQ:FRPT) last announced its earnings results on Monday, November 4th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). The business had revenue of $65.27 million for the quarter, compared to the consensus estimate of $64.37 million. Freshpet had a negative net margin of 1.84% and a negative return on equity of 3.52%. The business’s revenue was up 28.5% compared to the same quarter last year.
A number of other brokerages also recently issued reports on FRPT. Robert W. Baird boosted their price objective on shares of Freshpet from $50.00 to $60.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Zacks Investment Research cut shares of Freshpet from a “buy” rating to a “hold” rating in a research report on Wednesday, November 6th. William Blair reaffirmed a “buy” rating on shares of Freshpet in a research note on Thursday, November 21st. JPMorgan Chase & Co. boosted their price target on shares of Freshpet from $58.00 to $62.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. Finally, ValuEngine cut shares of Freshpet from a “buy” rating to a “hold” rating in a research report on Tuesday, December 3rd. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $53.88.
Shares of FRPT stock opened at $56.71 on Monday. The firm has a market capitalization of $2.07 billion, a price-to-earnings ratio of -378.07 and a beta of 1.06. The stock has a fifty day moving average of $53.02 and a 200 day moving average of $48.03. Freshpet has a 52 week low of $28.44 and a 52 week high of $58.11. The company has a quick ratio of 1.02, a current ratio of 1.36 and a debt-to-equity ratio of 0.36.
A number of large investors have recently bought and sold shares of the stock. FTB Advisors Inc. increased its stake in shares of Freshpet by 85.1% during 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 in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Freshpet by 21.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,087 shares of the company’s stock worth $95,000 after buying an additional 363 shares during the last quarter. United Services Automobile Association grew its stake in shares of Freshpet by 6.0% in the 2nd quarter. United Services Automobile Association now owns 6,835 shares of the company’s stock worth $311,000 after buying an additional 389 shares during the last quarter. Parametric Portfolio Associates LLC increased its position in Freshpet by 0.4% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 100,833 shares of the company’s stock valued at $4,589,000 after buying an additional 438 shares in the last quarter. Finally, Wrapmanager Inc. increased its position in Freshpet by 5.8% during the 2nd quarter. Wrapmanager Inc. now owns 8,276 shares of the company’s stock valued at $377,000 after buying an additional 456 shares in the last quarter.
In related news, EVP Stephen Weise sold 4,000 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $53.96, for a total value of $215,840.00. Following the completion of the transaction, the executive vice president now directly owns 4,000 shares in the company, valued at approximately $215,840. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Richard A. Kassar sold 998 shares of the stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $55.54, for a total transaction of $55,428.92. Following the completion of the transaction, the chief financial officer now owns 153,996 shares of the company’s stock, valued at $8,552,937.84. The disclosure for this sale can be found here. Insiders have sold 24,964 shares of company stock worth $1,371,916 over the last 90 days. 4.90% of the stock is currently owned by corporate insiders.
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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