Freshpet (NASDAQ:FRPT) posted its quarterly earnings results on Sunday. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of $0.09 by ($0.17), MarketWatch Earnings reports. The business had revenue of $84.52 million for the quarter, compared to analysts’ expectations of $84.59 million. Freshpet had a return on equity of 1.49% and a net margin of 1.60%. The company’s revenue was up 28.5% compared to the same quarter last year. During the same period last year, the business posted $0.12 earnings per share.
NASDAQ:FRPT traded down $3.96 during trading hours on Tuesday, hitting $145.37. The company had a trading volume of 1,251,409 shares, compared to its average volume of 286,617. The company has a market capitalization of $5.91 billion, a PE ratio of 1,321.67, a price-to-earnings-growth ratio of 5.40 and a beta of 0.85. The stock has a 50-day moving average price of $151.99 and a 200 day moving average price of $129.14. Freshpet has a 52 week low of $40.79 and a 52 week high of $173.52.
In related news, Director Daryl G. Brewster sold 16,053 shares of Freshpet 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 sale, the director now owns 58,132 shares in the company, valued at $7,950,132.32. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 4.50% of the company’s stock.
Several research analysts have commented on the stock. TheStreet downgraded shares of Freshpet from a “b” rating to a “c+” rating in a research note on Monday, November 2nd. Stephens began coverage on shares of Freshpet in a report on Tuesday, January 19th. They issued an “overweight” rating and a $180.00 target price on the stock. Bank of America upgraded shares of Freshpet from a “neutral” rating to a “buy” rating and set a $160.00 target price on the stock in a report on Wednesday, January 6th. JPMorgan Chase & Co. raised their target price on shares of Freshpet from $170.00 to $187.00 and gave the stock an “overweight” rating in a report on Tuesday. Finally, Smith Barney Citigroup raised their target price on shares of Freshpet from $93.00 to $100.00 in a report on Wednesday, November 4th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target 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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