Freshpet Inc (NASDAQ:FRPT) – Analysts at Oppenheimer Holdings issued their Q1 2017 earnings per share estimates for shares of Freshpet in a research report issued on Tuesday, according to Zacks Investment Research. Oppenheimer Holdings analyst R. Parikh anticipates that the company will post earnings per share of ($0.12) for the quarter. Oppenheimer Holdings also issued estimates for Freshpet’s Q2 2017 earnings at ($0.07) EPS, Q3 2017 earnings at $0.02 EPS, Q4 2017 earnings at $0.08 EPS and FY2018 earnings at $0.01 EPS.
Freshpet (NASDAQ:FRPT) last announced its quarterly earnings data on Thursday, March 9th. The company reported $0.04 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.04. The business earned $34.06 million during the quarter, compared to analysts’ expectations of $34.18 million. Freshpet had a negative return on equity of 1.56% and a negative net margin of 1.25%. The business’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.08 EPS.
FRPT has been the topic of a number of other research reports. Zacks Investment Research downgraded Freshpet from a “hold” rating to a “sell” rating in a report on Tuesday, January 24th. Robert W. Baird set a $13.00 target price on Freshpet and gave the stock a “buy” rating in a report on Saturday, March 25th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $10.75.
Shares of Freshpet (NASDAQ:FRPT) traded down 1.30% during trading on Thursday, hitting $11.40. The stock had a trading volume of 82,492 shares. The firm’s market cap is $362.52 million. Freshpet has a 12-month low of $7.48 and a 12-month high of $12.00. The stock has a 50-day moving average of $10.89 and a 200 day moving average of $10.04.
Institutional investors have recently modified their holdings of the stock. Teachers Advisors LLC raised its stake in Freshpet by 1.2% in the fourth quarter. Teachers Advisors LLC now owns 34,476 shares of the company’s stock valued at $350,000 after buying an additional 396 shares in the last quarter. Armistice Capital LLC raised its stake in Freshpet by 53.2% in the fourth quarter. Armistice Capital LLC now owns 1,416,000 shares of the company’s stock valued at $14,372,000 after buying an additional 492,000 shares in the last quarter. Keybank National Association OH raised its stake in Freshpet by 31.9% in the fourth quarter. Keybank National Association OH now owns 61,837 shares of the company’s stock valued at $628,000 after buying an additional 14,939 shares in the last quarter. State Street Corp raised its stake in Freshpet by 7.8% in the fourth quarter. State Street Corp now owns 323,264 shares of the company’s stock valued at $3,281,000 after buying an additional 23,391 shares in the last quarter. Finally, Wrapmanager Inc. raised its stake in Freshpet by 16.8% in the fourth quarter. Wrapmanager Inc. now owns 23,017 shares of the company’s stock valued at $234,000 after buying an additional 3,308 shares in the last quarter. 63.84% of the stock is owned by hedge funds and other institutional investors.
In other news, CEO William B. Cyr purchased 17,850 shares of the firm’s stock in a transaction on Tuesday, March 14th. The stock was purchased at an average cost of $11.07 per share, with a total value of $197,599.50. Following the purchase, the chief executive officer now owns 68,232 shares in the company, valued at approximately $755,328.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 8.20% of the company’s stock.
Freshpet Company Profile
Freshpet, Inc is a manufacturer of fresh, refrigerated pet food distributed across North America. The Company operates in the segment of manufacturing, marketing and distribution of pet food and pet treats for dogs and cats. The Company’s products consist of dog food, cat food, and dog and cat treats.
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