Freshpet (FRPT) Scheduled to Post Earnings on Monday

Freshpet (NASDAQ:FRPT) will be posting its quarterly earnings results before the market opens on Monday, May 6th. Analysts expect Freshpet to post earnings of ($0.22) per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

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

Freshpet Stock Up 2.3 %

Shares of FRPT opened at $109.58 on Friday. The stock’s 50-day moving average price is $109.84 and its two-hundred day moving average price is $88.64. Freshpet has a 12 month low of $54.60 and a 12 month high of $117.76. The company has a market capitalization of $5.31 billion, a PE ratio of -154.34 and a beta of 1.24. The company has a current ratio of 4.79, a quick ratio of 4.08 and a debt-to-equity ratio of 0.44.

Insider Buying and Selling

In related news, COO Scott James Morris sold 3,632 shares of the stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $109.86, for a total transaction of $399,011.52. Following the completion of the transaction, the chief operating officer now owns 122,380 shares in the company, valued at $13,444,666.80. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, EVP Stephen Macchiaverna sold 7,130 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $108.53, for a total value of $773,818.90. Following the sale, the executive vice president now owns 85,056 shares of the company’s stock, valued at $9,231,127.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO Scott James Morris sold 3,632 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $109.86, for a total transaction of $399,011.52. Following the completion of the transaction, the chief operating officer now directly owns 122,380 shares of the company’s stock, valued at $13,444,666.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 15,762 shares of company stock worth $1,737,280. 3.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. JPMorgan Chase & Co. upped their price objective on shares of Freshpet from $67.00 to $102.00 and gave the company a “neutral” rating in a research note on Tuesday, February 27th. Stifel Nicolaus raised their target price on Freshpet from $115.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, April 11th. DA Davidson increased their price target on Freshpet from $104.00 to $138.00 and gave the stock a “buy” rating in a report on Wednesday, March 13th. StockNews.com upgraded shares of Freshpet to a “sell” rating in a research report on Wednesday, April 24th. Finally, Citigroup started coverage on shares of Freshpet in a report on Thursday, February 1st. They issued a “neutral” rating and a $94.00 price target for the company. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, Freshpet presently has an average rating of “Moderate Buy” and an average target price of $107.36.

About Freshpet

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.