Freshpet (NASDAQ:FRPT) posted its 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 the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the firm earned $0.12 earnings per share.
NASDAQ FRPT traded down $3.95 on Tuesday, hitting $145.38. The stock 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 company has a market capitalization of $5.91 billion, a price-to-earnings ratio of 1,233.02, a price-to-earnings-growth ratio of 5.40 and a beta of 0.85. The firm has a 50-day moving average of $151.99 and a 200-day moving average of $129.14.
Several research firms have recently commented on FRPT. Stephens initiated coverage on shares of Freshpet in a research report on Tuesday, January 19th. They set an “overweight” rating and a $180.00 target price for the company. Bank of America raised shares of Freshpet from a “neutral” rating to a “buy” rating and set a $160.00 price objective for the company in a research report on Wednesday, January 6th. Smith Barney Citigroup upped their price objective on shares of Freshpet from $93.00 to $100.00 in a research report on Wednesday, November 4th. TheStreet downgraded shares of Freshpet from a “b” rating to a “c+” rating in a research report on Monday, November 2nd. Finally, Truist upped their price objective on shares of Freshpet from $120.00 to $140.00 in a research report on Thursday, January 14th. One research analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $130.94.
In other Freshpet news, Director Daryl G. Brewster sold 16,053 shares of the stock in a transaction that occurred 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 directly owns 58,132 shares in the company, valued at approximately $7,950,132.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 4.50% of the company’s stock.
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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