Freshpet (FRPT) to Release Quarterly Earnings on Monday

Freshpet (NASDAQ:FRPT) will issue 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. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Freshpet (NASDAQ:FRPT) last announced its earnings results on Monday, February 26th. The company reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.22. Freshpet had a negative return on equity of 3.56% and a negative net margin of 4.38%. The firm had revenue of $215.40 million for the quarter, compared to analysts’ expectations of $204.93 million. During the same quarter in the prior year, the firm earned ($0.06) EPS. Freshpet’s quarterly revenue was up 29.9% on a year-over-year basis. On average, analysts expect Freshpet to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Freshpet Stock Performance

NASDAQ FRPT opened at $109.58 on Friday. The company has a quick ratio of 4.08, a current ratio of 4.79 and a debt-to-equity ratio of 0.44. Freshpet has a fifty-two week low of $54.60 and a fifty-two week high of $117.76. The business has a fifty day moving average of $109.84 and a 200-day moving average of $88.64. The stock has a market cap of $5.31 billion, a price-to-earnings ratio of -154.34 and a beta of 1.24.

Analysts Set New Price Targets

A number of research analysts have issued reports on FRPT shares. Truist Financial upgraded shares of Freshpet from a “hold” rating to a “buy” rating and upped their target price for the company from $120.00 to $135.00 in a report on Monday, March 11th. StockNews.com raised shares of Freshpet to a “sell” rating in a research note on Wednesday, April 24th. DA Davidson increased their price target on Freshpet from $104.00 to $138.00 and gave the stock a “buy” rating in a research note on Wednesday, March 13th. Piper Sandler increased their target price on Freshpet from $100.00 to $130.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 27th. Finally, Stifel Nicolaus raised their price target on Freshpet from $115.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, April 11th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $107.36.

Insider Transactions at Freshpet

In other Freshpet news, COO Scott James Morris sold 2,500 shares of the company’s stock in a transaction dated 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 transaction, the chief operating officer now directly owns 122,380 shares of the company’s stock, valued at approximately $13,921,948.80. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, COO Scott James Morris sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $113.76, for a total transaction of $284,400.00. Following the completion of the sale, the chief operating officer now owns 122,380 shares of the company’s stock, valued at $13,921,948.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Stephen Macchiaverna sold 7,130 shares of Freshpet stock in a transaction 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 completion of the sale, the executive vice president now owns 85,056 shares of the company’s stock, valued at approximately $9,231,127.68. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,762 shares of company stock valued at $1,737,280. Corporate 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.