Freshpet (NASDAQ:FRPT) Announces Quarterly Earnings Results

Freshpet (NASDAQ:FRPTGet Rating) posted its earnings results on Monday. The company reported ($0.40) EPS for the quarter, missing analysts’ consensus estimates of ($0.36) by ($0.04), MarketWatch Earnings reports. Freshpet had a negative return on equity of 5.04% and a negative net margin of 7.83%. During the same period last year, the firm posted ($0.26) EPS.

Shares of FRPT traded down $9.92 during mid-day trading on Thursday, hitting $70.70. The company’s stock had a trading volume of 64,057 shares, compared to its average volume of 493,318. Freshpet has a 1-year low of $76.14 and a 1-year high of $183.38. The firm has a market capitalization of $3.07 billion, a P/E ratio of -87.41 and a beta of 0.73. The firm has a 50-day simple moving average of $101.03 and a 200 day simple moving average of $105.46.

Hedge funds have recently made changes to their positions in the stock. BNP Paribas Arbitrage SA boosted its holdings in Freshpet by 71.1% during the third quarter. BNP Paribas Arbitrage SA now owns 1,174 shares of the company’s stock worth $168,000 after buying an additional 488 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of Freshpet during the 4th quarter worth approximately $205,000. Walleye Trading LLC grew its holdings in shares of Freshpet by 80.0% in the 4th quarter. Walleye Trading LLC now owns 2,587 shares of the company’s stock worth $246,000 after acquiring an additional 1,150 shares during the period. Advisor Group Holdings Inc. increased its stake in Freshpet by 63.1% in the 1st quarter. Advisor Group Holdings Inc. now owns 2,983 shares of the company’s stock valued at $306,000 after purchasing an additional 1,154 shares in the last quarter. Finally, LPL Financial LLC raised its holdings in Freshpet by 9.1% during the fourth quarter. LPL Financial LLC now owns 6,891 shares of the company’s stock worth $657,000 after purchasing an additional 574 shares during the last quarter.

Several research analysts have commented on the company. Benchmark began coverage on Freshpet in a research report on Wednesday, April 27th. They set a “buy” rating and a $135.00 price target on the stock. Oppenheimer reduced their price target on shares of Freshpet from $120.00 to $110.00 in a research report on Tuesday. Zacks Investment Research cut shares of Freshpet from a “hold” rating to a “strong sell” rating in a research note on Monday, March 7th. Cowen dropped their price objective on shares of Freshpet from $181.00 to $163.00 and set an “outperform” rating on the stock in a research note on Tuesday. Finally, Citigroup decreased their target price on shares of Freshpet from $80.00 to $72.00 in a research note on Tuesday. Three analysts have rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from, Freshpet currently has a consensus rating of “Hold” and a consensus target price of $136.40.

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.

Further Reading

Earnings History for Freshpet (NASDAQ:FRPT)

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