Freshpet (FRPT) Expected to Announce Earnings on Monday

Freshpet (NASDAQ:FRPT) is projected to release its earnings data before the market opens on Monday, February 24th. Analysts expect Freshpet to post earnings of $0.36 per share and revenue of $263.97 million for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Freshpet Stock Down 1.3 %

Shares of NASDAQ:FRPT opened at $129.61 on Monday. The stock has a fifty day simple moving average of $148.30 and a two-hundred day simple moving average of $143.30. The stock has a market capitalization of $6.29 billion, a price-to-earnings ratio of 145.63 and a beta of 1.42. Freshpet has a 12-month low of $85.50 and a 12-month high of $164.07. The company has a current ratio of 4.72, a quick ratio of 3.91 and a debt-to-equity ratio of 0.41.

Analysts Set New Price Targets

A number of research analysts have issued reports on FRPT shares. Benchmark reiterated a “buy” rating and set a $150.00 price objective on shares of Freshpet in a research note on Friday, November 1st. Stifel Nicolaus lifted their price objective on Freshpet from $155.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Robert W. Baird lifted their price objective on Freshpet from $157.00 to $170.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. Truist Financial lifted their price objective on Freshpet from $160.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Freshpet from $161.00 to $163.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $164.29.

Insider Activity at Freshpet

In related news, President Scott James Morris sold 5,000 shares of the company’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $157.38, for a total transaction of $786,900.00. Following the completion of the sale, the president now owns 122,380 shares in the company, valued at approximately $19,260,164.40. This represents a 3.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.70% of the stock is owned by company insiders.

About Freshpet

Freshpet, Inc, together with its subsidiaries, manufactures, distributes, and markets natural fresh meals and treats for dogs and cats in the United States, Canada, and Europe. It sells dog food, cat food, and dog treats under the Freshpet brand name; and Dognation and Dog Joy labels through various classes of retail, including grocery, mass, club, pet specialty, and natural, as well as online.