Freshpet (FRPT) to Release Earnings on Monday

Freshpet (NASDAQ:FRPT - Get Free Report) will post 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. Investors that are interested in participating in the company's conference call can do so using this link.

Freshpet (NASDAQ:FRPT - Get Free Report) last posted its quarterly earnings results on Monday, February 26th. The company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.09 by $0.22. Freshpet had a negative return on equity of 3.56% and a negative net margin of 4.38%. The business had revenue of $215.40 million for the quarter, compared to analyst estimates of $204.93 million. During the same quarter in the previous year, the firm earned ($0.06) EPS. The company's quarterly revenue was up 29.9% compared to the same quarter last year. On average, analysts expect Freshpet to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Freshpet Trading Up 1.3 %

Shares of Freshpet stock traded up $1.39 during mid-day trading on Monday, hitting $107.75. The stock had a trading volume of 466,030 shares, compared to its average volume of 603,475. Freshpet has a 12-month low of $54.60 and a 12-month high of $117.76. The firm has a market cap of $5.20 billion, a P/E ratio of -150.56 and a beta of 1.23. The firm has a 50-day moving average of $108.10 and a two-hundred day moving average of $87.34. The company has a quick ratio of 4.08, a current ratio of 4.79 and a debt-to-equity ratio of 0.44.

Analyst Upgrades and Downgrades

FRPT has been the subject of a number of research analyst reports. Piper Sandler increased their price target on Freshpet from $100.00 to $130.00 and gave the stock an "overweight" rating in a report on Tuesday, February 27th. Truist Financial upgraded shares of Freshpet from a "hold" rating to a "buy" rating and lifted their price objective for the company from $120.00 to $135.00 in a report on Monday, March 11th. StockNews.com raised Freshpet to a "sell" rating in a research report on Wednesday, April 24th. JPMorgan Chase & Co. boosted their target price on Freshpet from $67.00 to $102.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 27th. Finally, Oppenheimer increased their price target on Freshpet from $100.00 to $115.00 and gave the company an "outperform" rating in a research report on Friday, February 16th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, Freshpet has a consensus rating of "Moderate Buy" and a consensus price target of $107.36.

Insiders Place Their Bets

In other news, EVP Stephen Macchiaverna sold 7,130 shares of the company's stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $108.53, for a total transaction of $773,818.90. Following the completion of the sale, the executive vice president now owns 85,056 shares in the company, valued at $9,231,127.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, COO Scott James Morris sold 2,500 shares of Freshpet stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $113.76, for a total value of $284,400.00. Following the sale, the chief operating officer now directly owns 122,380 shares in the company, valued at $13,921,948.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Stephen Macchiaverna sold 7,130 shares of the firm's stock in a transaction 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 completion of the sale, the executive vice president now directly owns 85,056 shares of the company's stock, valued at approximately $9,231,127.68. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,762 shares of company stock valued at $1,737,280. 3.60% of the stock is owned by company insiders.

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.