Freshpet (FRPT) Stock Forecast, Price & News

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Freshpet in the last year. There are currently 3 hold ratings, 8 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" FRPT shares.
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12 Wall Street analysts have issued 12-month price targets for Freshpet's shares. Their FRPT share price forecasts range from $55.00 to $100.00. On average, they expect the company's share price to reach $76.31 in the next year. This suggests a possible upside of 28.5% from the stock's current price.
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Freshpet's stock was trading at $52.77 at the beginning of 2023. Since then, FRPT stock has increased by 12.6% and is now trading at $59.40.
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The company is scheduled to release its next quarterly earnings announcement on Monday, August 14th 2023.
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Freshpet, Inc. (NASDAQ:FRPT) announced its quarterly earnings data on Monday, May, 8th. The company reported ($0.52) EPS for the quarter, missing the consensus estimate of ($0.40) by $0.12. The firm earned $167.50 million during the quarter, compared to analysts' expectations of $166.97 million. Freshpet had a negative net margin of 10.58% and a negative trailing twelve-month return on equity of 6.60%. The company's revenue was up 26.7% on a year-over-year basis. During the same period last year, the business earned ($0.40) earnings per share.

ETFs with the largest weight of Freshpet (NASDAQ:FRPT) stock in their portfolio include ProShares Pet Care ETF (PAWZ), LeaderShares Activist Leaders ETF (ACTV), BlackRock Future Innovators ETF (BFTR), Franklin Disruptive Commerce ETF (BUYZ), Nuveen ESG Small-Cap ETF (NUSC), First Trust NASDAQ BuyWrite Income ETF (FTQI), Vanguard Consumer Staples ETF (VDC) and Fidelity MSCI Consumer Staples Index ETF (FSTA).

Freshpet issued an update on its FY 2023 earnings guidance on Monday, May, 8th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $750.00 million-$750.00 million, compared to the consensus revenue estimate of $752.30 million.

27 employees have rated Freshpet Chief Executive Officer William Cyr on Glassdoor.com. William Cyr has an approval rating of 94% among the company's employees. This puts William Cyr in the top 30% of approval ratings compared to other CEOs of publicly-traded companies. 78.0% of employees surveyed would recommend working at Freshpet to a friend.

Based on aggregate information from My MarketBeat watchlists, some companies that other Freshpet investors own include Walt Disney (DIS), Block (SQ), DocuSign (DOCU), NVIDIA (NVDA), Netflix (NFLX), Advanced Micro Devices (AMD), Etsy (ETSY), Roku (ROKU), Shopify (SHOP) and PayPal (PYPL).

Freshpet trades on the NASDAQ under the ticker symbol "FRPT."

Freshpet's stock is owned by many different institutional and retail investors. Top institutional shareholders include Jana Partners LLC (8.34%), Champlain Investment Partners LLC (7.78%), Wellington Management Group LLP (7.10%), Wasatch Advisors LP (6.58%), FMR LLC (5.18%) and BlackRock Inc. (4.37%). Insiders that own company stock include Cathal Walsh, Charles A Norris, Daryl G Brewster, Ivan Garcia, Lawrence S Coben, Richard A Kassar, Robert C King, Scott James Morris, Stephen Macchiaverna, Stephen Weise, Walter N George and William B Cyr.
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Shares of FRPT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of FRPT stock can currently be purchased for approximately $59.40.

Freshpet (NASDAQ:FRPT) has a market capitalization of $2.86 billion and generates $595.34 million in revenue each year. The company earns $-59,490,000.00 in net income (profit) each year or ($1.42) on an earnings per share basis.

The company employs 1,011 workers across the globe.

Freshpet's mailing address is 400 Plaza Drive 1st Floor, Secaucus NJ, 07094. The official website for the company is www.freshpet.com. The company can be reached via phone at (201) 520-4000 or via email at katie.turner@icrinc.com.