Freshpet (NASDAQ:FRPT) issued its earnings results on Sunday. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.17), MarketWatch Earnings reports. Freshpet had a net margin of 1.60% and a return on equity of 1.49%. The firm had revenue of $84.52 million during the quarter, compared to analysts’ expectations of $84.59 million. During the same quarter last year, the firm earned $0.12 EPS. The business’s revenue for the quarter was up 28.5% compared to the same quarter last year.

FRPT traded down $9.65 on Tuesday, hitting $139.68. 28,335 shares of the stock traded hands, 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 firm has a market capitalization of $5.68 billion, a PE ratio of 1,278.30, a P/E/G ratio of 5.40 and a beta of 0.85. The business has a fifty day moving average price of $151.99 and a two-hundred day moving average price of $129.14.

FRPT has been the topic of a number of recent research reports. Oppenheimer upgraded Freshpet from a “market perform” rating to an “outperform” rating and set a $175.00 target price on the stock in a research note on Thursday, January 21st. JPMorgan Chase & Co. boosted their price target on Freshpet from $160.00 to $170.00 in a research report on Tuesday, January 19th. Bank of America raised Freshpet from a “neutral” rating to a “buy” rating and set a $160.00 price target for the company in a research report on Wednesday, January 6th. Stephens started coverage on Freshpet in a research report on Tuesday, January 19th. They issued an “overweight” rating and a $180.00 price target for the company. Finally, TheStreet cut Freshpet from a “b” rating to a “c+” rating in a research report on Monday, November 2nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $129.88.

In related news, Director Daryl G. Brewster sold 16,053 shares of the business’s stock in a transaction dated Tuesday, December 8th. The stock was sold at an average price of $136.76, for a total transaction of $2,195,408.28. Following the transaction, the director now directly owns 58,132 shares in the company, valued at $7,950,132.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 4.50% of the company’s stock.

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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Earnings History for Freshpet (NASDAQ:FRPT)

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