Analysts gave Freshpet, Inc. (NASDAQ:FRPT) an average rating of “Moderate Buy.”
The average one-year price target that brokerage firms that hedged the stock in the prior year have assigned the stock is $75.50.
These companies covered the stock over the past year.
Freshpet’s (NASDAQ:FRPT) quarterly earnings report was released on Monday, February 27.
The company reported earnings per share (EPS) of $0.06 for the quarter, which was $0.02 higher than the consensus estimate for earnings per share (EPS) among analysts of $0.08 rter, which was $0.02 higher than the consensus estimate for earnings per share (EPS) among analysts than $0.08rter, or $0.02 higher than the consensus estimate for earnings per share (EPS) by $0.08 among analysts.
Freshpet’s return on equity and net margin were in the red.
Return on equity was -6.26% and net margin was -9.99%.
The company’s most recent quarter sales were $165.80 million, which is significantly higher than projections made by industry experts, which were $151.34 million.
The company reported a loss of $0.21 per share in the same period as its year-ago results, which can be compared with those.
The company’s quarterly sales grew 43.1% higher than the year-over-year growth rate.
Projections from market research specialists indicate that Freshpet will suffer a loss of -0.52 cents per share traded during the current fiscal year.
The opening price of a share of the NASDAQ: FRPT was $54.65 per share on Thursday.
The stock price hit $61.68 on its 50-day moving average, while it hit $57.24 on its 200-day moving average.
In any given year, the all time high for Freshpet is $118.77 and the all time low is $36.02 at any given time.
It was determined that the company has a market capitalization of $2.63 billion, that its price-to-earnings ratio is -42.04, and that its beta is 1.00.
The market capitalization of the company is calculated as a negative number.
Several analysts who have been keeping tabs on FRPT stock recently released reports on the company’s stock.
Robert W.’s analyst
Baird raised the target price for Freshpet from $70.00 to $75.00 in a research report released on February 28.
Additionally, the firm has assigned an “outperform” rating to the company’s stock.
In a report released Dec. 7, Piper Jaffray raised its price target for Freshpet from $69.00 to $80.00, and the brokerage also gave the company’s stock an “overweight” rating.
In a Feb. 28 research report, Credit Suisse Group said it now has a price target of $65.00 for Freshpet, up from its previous price of $60.00, and has assigned the stock a rating ” neutral”.
In a research note released Feb. 28, Truist Financial updated its “hold” rating for Freshpet and raised its price target for the stock from $40.00 to $55.00. Stephens upgraded the Freshpet to “overweight” in a report released on Tuesday, February 28, and raised their price target from $70.00 to $75.00 due to this change.
This was not the last notable development to take place.
Recently, there has been a change in the proportion of institutional investors’ holdings in the company. Vanguard Group INC increased the amount of Freshpet shares it owns by 2.6% during the third quarter. Vanguard Group INC now owns a total of 4,327,109 shares of the company.
These shares are valued at $216,745,000 and were acquired by the company during the most recent fiscal quarter by purchasing an additional 107,824 shares.
In the second quarter, Champlain Investment Partners LLC completed the purchase of a 56.3% ownership stake in Freshpet, bringing total ownership of the company to 100%.
During the most recent fiscal quarter, Champlain Investment Partners LLC purchased 1,322,810 shares of the company.
This brings the total number of shares he currently owns to 3,670,870, valued at $190,481,000. Wasatch Advisors INC increased the amount of Freshpet shares it owns by 5.2% during the first three months of 2018.
After making an additional purchase of 170,766 shares during the latest fiscal quarter, Wasatch Advisors INC now owns a total of 3,479,089 shares of the company.
The company’s stock value is currently $357.094 million.
Armistice Capital LLC increased the amount of Freshpet shares it owns by 242.0% during the third quarter of 2018.
After making an additional purchase of 1,936,000 shares during the most recent quarter, Armistice Capital LLC now owns 2,736,000 shares of the company.
These shares have a combined value of $137,046,000.
Armistice Capital LLC acquired these shares.
Last but not least, FMR LLC increased its percentage of Freshpet shares owned by 214.1% in the second quarter.
This should certainly not be considered the least important point.
After purchasing an additional 1,271,638 shares during the most recent quarter, FMR LLC now owns 1,865,620 shares of the company, valued at $96,807,000.
These shares were acquired as part of the latest acquisition.
Freshpet, INC manufactures treats and food for canine and feline companions and also donates some of their products to animal shelters and rescue organizations.
Hearty meals are prepared in Freshpet’s kitchens using fresh, locally sourced produce, including meat, vegetables and fruit.
Deli Fresh Grain Free Chicken Recipe for Dogs, Nature Fresh Grain Free Chicken Recipe for Cats, Joy Turkey and Apple Chunks and Vital Grain Free Chicken and Ocean White Fish Recipe for Cats are just a few of the products that this company offers.