Brokerages Expect Freshpet Inc (FRPT) to Post $0.10 EPS

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Equities analysts forecast that Freshpet Inc (NASDAQ:FRPT) will post earnings per share of $0.10 for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Freshpet’s earnings. The highest EPS estimate is $0.11 and the lowest is $0.08. Freshpet posted earnings of $0.04 per share in the same quarter last year, which would suggest a positive year over year growth rate of 150%. The business is expected to issue its next earnings results on Monday, March 4th.

According to Zacks, analysts expect that Freshpet will report full-year earnings of ($0.09) per share for the current financial year, with EPS estimates ranging from ($0.12) to ($0.08). For the next fiscal year, analysts forecast that the firm will post earnings of $0.21 per share, with EPS estimates ranging from $0.15 to $0.28. Zacks’ EPS averages are an average based on a survey of sell-side research firms that follow Freshpet.

A number of research analysts have recently issued reports on FRPT shares. BidaskClub upgraded shares of Freshpet from a “buy” rating to a “strong-buy” rating in a research report on Friday, October 12th. Imperial Capital boosted their price target on shares of Freshpet from $18.00 to $35.00 and gave the stock an “in-line” rating in a research report on Tuesday, November 6th. Zacks Investment Research downgraded shares of Freshpet from a “hold” rating to a “sell” rating in a research report on Tuesday, November 6th. Finally, Credit Suisse Group boosted their price target on shares of Freshpet from $26.00 to $32.00 and gave the stock a “hold” rating in a research report on Monday, August 13th. One research analyst has rated the stock with a sell rating, four have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $29.57.

In related news, COO Scott James Morris sold 3,512 shares of the business’s stock in a transaction on Thursday, September 13th. The shares were sold at an average price of $37.75, for a total transaction of $132,578.00. Following the transaction, the chief operating officer now owns 173,672 shares in the company, valued at approximately $6,556,118. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.10% of the stock is owned by insiders.

Several institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its position in shares of Freshpet by 12.1% during the 3rd quarter. BlackRock Inc. now owns 1,883,174 shares of the company’s stock valued at $69,112,000 after acquiring an additional 203,367 shares during the period. Vanguard Group Inc. lifted its position in shares of Freshpet by 5.0% during the 3rd quarter. Vanguard Group Inc. now owns 1,452,872 shares of the company’s stock valued at $53,320,000 after acquiring an additional 69,768 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Freshpet by 13.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 778,054 shares of the company’s stock valued at $21,357,000 after acquiring an additional 91,592 shares during the period. Emerald Mutual Fund Advisers Trust lifted its position in shares of Freshpet by 2.7% during the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 759,292 shares of the company’s stock valued at $27,866,000 after acquiring an additional 20,057 shares during the period. Finally, Public Employees Retirement Association of Colorado lifted its position in shares of Freshpet by 40.4% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 702,128 shares of the company’s stock valued at $19,273,000 after acquiring an additional 202,128 shares during the period. Institutional investors own 73.03% of the company’s stock.

Shares of NASDAQ FRPT opened at $31.72 on Wednesday. Freshpet has a 52-week low of $15.67 and a 52-week high of $40.58.

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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