Freshpet, Inc. (NASDAQ:FRPT) – Analysts at Oppenheimer lowered their Q3 2021 earnings per share (EPS) estimates for shares of Freshpet in a research report issued to clients and investors on Wednesday, July 21st. Oppenheimer analyst R. Parikh now expects that the company will post earnings per share of $0.04 for the quarter, down from their previous forecast of $0.06. Oppenheimer currently has a “Average” rating and a $200.00 price target on the stock. Oppenheimer also issued estimates for Freshpet’s Q4 2021 earnings at $0.06 EPS.
Freshpet (NASDAQ:FRPT) last released its quarterly earnings results on Sunday, May 2nd. The company reported ($0.26) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.02) by ($0.24). The company had revenue of $93.41 million during the quarter, compared to analyst estimates of $94.89 million. Freshpet had a negative return on equity of 2.21% and a negative net margin of 3.07%. The business’s revenue was up 33.3% compared to the same quarter last year. During the same period last year, the firm earned ($0.10) earnings per share.
Shares of FRPT stock opened at $155.57 on Thursday. The firm has a market cap of $6.73 billion, a P/E ratio of -622.28 and a beta of 0.71. The company has a 50-day moving average price of $166.17. Freshpet has a twelve month low of $86.53 and a twelve month high of $186.98.
In other Freshpet news, EVP Stephen Macchiaverna sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, June 8th. The stock was sold at an average price of $177.00, for a total value of $177,000.00. Following the transaction, the executive vice president now directly owns 82,497 shares of the company’s stock, valued at $14,601,969. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Scott James Morris sold 7,500 shares of the business’s stock in a transaction dated Wednesday, May 26th. The stock was sold at an average price of $181.42, for a total value of $1,360,650.00. Following the transaction, the chief operating officer now owns 146,842 shares in the company, valued at approximately $26,640,075.64. The disclosure for this sale can be found here. Insiders sold 29,314 shares of company stock valued at $5,089,287 in the last three months. Company insiders own 4.50% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. Private Capital Group LLC grew its position in Freshpet by 369.7% in the first quarter. Private Capital Group LLC now owns 155 shares of the company’s stock valued at $25,000 after acquiring an additional 122 shares in the last quarter. Signaturefd LLC boosted its stake in shares of Freshpet by 74.4% in the first quarter. Signaturefd LLC now owns 157 shares of the company’s stock valued at $25,000 after purchasing an additional 67 shares during the period. TCI Wealth Advisors Inc. grew its holdings in Freshpet by 71.0% during the 1st quarter. TCI Wealth Advisors Inc. now owns 183 shares of the company’s stock valued at $29,000 after purchasing an additional 76 shares in the last quarter. Berman Capital Advisors LLC increased its stake in Freshpet by 337.8% during the 1st quarter. Berman Capital Advisors LLC now owns 197 shares of the company’s stock worth $31,000 after buying an additional 152 shares during the period. Finally, Corbenic Partners LLC boosted its position in Freshpet by 48.3% in the 2nd quarter. Corbenic Partners LLC now owns 215 shares of the company’s stock valued at $35,000 after buying an additional 70 shares during the last quarter. 93.84% of the stock is currently owned by hedge funds and other institutional investors.
Freshpet Company Profile
Freshpet, Inc manufactures and markets natural fresh 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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