Freshpet (NASDAQ:FRPT) Releases Quarterly Earnings Results, Misses Estimates By $0.17 EPS

Freshpet (NASDAQ:FRPT) posted its quarterly earnings data 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 company had revenue of $84.52 million during 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 for the quarter was up 28.5% on a year-over-year basis. During the same quarter last year, the company earned $0.12 earnings per share.

FRPT opened at $149.33 on Tuesday. The company has a market capitalization of $6.07 billion, a PE ratio of 1,357.67, a price-to-earnings-growth ratio of 5.40 and a beta of 0.85. The firm has a 50-day simple moving average of $151.99 and a two-hundred day simple moving average of $129.14. Freshpet has a 52 week low of $40.79 and a 52 week high of $173.52.

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In other news, Director Daryl G. Brewster sold 16,053 shares of Freshpet stock in a transaction dated Tuesday, December 8th. The stock was 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 of the company’s stock, valued at $7,950,132.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 4.50% of the company’s stock.

FRPT has been the subject of several recent research reports. Oppenheimer raised Freshpet from a “market perform” rating to an “outperform” rating and set a $175.00 price target for the company in a report on Thursday, January 21st. Bank of America upgraded Freshpet from a “neutral” rating to a “buy” rating and set a $160.00 price objective for the company in a research note on Wednesday, January 6th. TheStreet cut shares of Freshpet from a “b” rating to a “c+” rating in a research note on Monday, November 2nd. Robert W. Baird upped their price target on shares of Freshpet from $115.00 to $135.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 3rd. Finally, Stifel Nicolaus increased their price objective on shares of Freshpet from $120.00 to $160.00 and gave the stock a “buy” rating in a research note on Monday, January 11th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $129.88.

Freshpet Company Profile

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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