Freshpet (FRPT) Set to Announce Earnings on Monday

Freshpet (NASDAQ:FRPTGet Rating) will post its quarterly earnings results after the market closes on Monday, August 8th. Analysts expect Freshpet to post earnings of ($0.14) 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 Stock Performance

Shares of FRPT opened at $54.48 on Friday. The business has a fifty day moving average of $55.33 and a 200 day moving average of $78.88. Freshpet has a one year low of $45.22 and a one year high of $159.66. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.48 and a quick ratio of 1.01. The firm has a market capitalization of $2.61 billion, a P/E ratio of -65.64 and a beta of 0.87.

Insider Buying and Selling

In related news, EVP Stephen Weise sold 8,000 shares of the business’s stock in a transaction dated Friday, May 27th. The stock was sold at an average price of $68.00, for a total value of $544,000.00. The transaction was disclosed in a filing with the SEC, which is available through this link. 5.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Freshpet

A number of hedge funds have recently made changes to their positions in FRPT. Wellington Management Group LLP lifted its position in shares of Freshpet by 22.3% in the first quarter. Wellington Management Group LLP now owns 1,784,376 shares of the company’s stock worth $183,149,000 after buying an additional 325,414 shares in the last quarter. Wasatch Advisors Inc. raised its position in Freshpet by 5.2% during the first quarter. Wasatch Advisors Inc. now owns 3,479,089 shares of the company’s stock valued at $357,094,000 after purchasing an additional 170,766 shares during the period. Invesco Ltd. raised its position in Freshpet by 8.1% during the first quarter. Invesco Ltd. now owns 533,237 shares of the company’s stock valued at $54,732,000 after purchasing an additional 40,012 shares during the period. Fort Point Capital Partners LLC raised its position in Freshpet by 72.8% during the first quarter. Fort Point Capital Partners LLC now owns 83,488 shares of the company’s stock valued at $8,569,000 after purchasing an additional 35,183 shares during the period. Finally, Sei Investments Co. raised its position in Freshpet by 28.8% during the first quarter. Sei Investments Co. now owns 145,057 shares of the company’s stock valued at $14,888,000 after purchasing an additional 32,393 shares during the period.

Wall Street Analyst Weigh In

Several analysts have issued reports on FRPT shares. Oppenheimer cut their price target on Freshpet from $120.00 to $110.00 in a report on Tuesday, May 3rd. Cowen cut their price target on Freshpet from $181.00 to $163.00 in a report on Tuesday, May 3rd. StockNews.com raised Freshpet to a “sell” rating in a report on Tuesday, May 17th. Atlantic Securities lowered Freshpet from an “overweight” rating to a “neutral” rating and cut their price target for the company from $130.00 to $70.00 in a report on Friday, May 20th. Finally, Benchmark started coverage on Freshpet in a research note on Wednesday, April 27th. They issued a “buy” rating and a $135.00 price objective for the company. Two analysts have rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Freshpet has a consensus rating of “Moderate Buy” and an average price target of $128.91.

About Freshpet

(Get Rating)

Freshpet, Inc manufactures and markets natural fresh meals and treats for dogs and cats in the United States, Canada, and Europe. 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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Earnings History for Freshpet (NASDAQ:FRPT)

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