According to information provided by Bloomberg Ratings, the fifteen different brokerages that cover Freshpet, INC (NASDAQ: FRPT) have given the stock a rating of “Moderate Buy” as a consensus recommendation for investors to purchase the company’s shares. One analyst has recommended selling the stock, while four others have suggested holding on to it; seven others have suggested buying the stock; and one analyst has given a strong buy recommendation.
The average one-year price objective that brokerage firms that have covered the stock in the preceding year have assigned the stock is $75.50.
These firms have been covering the stock over the past year.
On Monday, February 27, the most recent quarterly earnings report for Freshpet (NASDAQ: FRPT) was made public.
The company reported earnings per share (EPS) of $0.06 for the quarter, which was $0.02 more than the consensus estimate of earnings per share (EPS) among analysts of $0.08rter, which was $0.02 more than the consensus estimate of earnings per share (EPS) among analysts of $0.08rter, which was $0.02 more than the consensus estimate of earnings per share (EPS) among analysts of $0.08.
The return on equity and the net margin at Freshpet were red.
The return on equity was -6.26%, and the net margin was -9.99%.
The company’s most recent quarter’s sales came in at $165.80 million, which is significantly more than the projections made by the industry experts, which were $151.34 million.
The company experienced a loss of $0.21 per share during the same period as the previous year’s results, which can be compared to those.
The company’s quarterly sales experienced a growth rate that was 43.1% higher than the previous year’s annual growth rate.
The projections of those who specialize in researching markets indicate that Freshpet will suffer a loss of -0.52 cents for each share traded during the current fiscal year.
On Thursday, the opening price of a share of NASDAQ: FRPT was $54.65 per share.
The stock’s price has reached $61.68 on its moving average for the past 50 days, while it has reached $57.24 on its moving average for the past 200 days.
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 has been 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 value is 1.00.
The market capitalization of the company is calculated as a negative number.
Several analysts who have been keeping an eye on FRPT stock have recently published reports on the company’s stock.
The analyst for Robert W.
Baird raised the target price for Freshpet from $70.00 to $75.00 in a research report published on February 28.
In addition, the firm assigned an “outperform” rating to the company’s stock.
In a report released on December 7, Piper Jaffray increased its price objective for Freshpet from $69.00 to $80.00, and the brokerage firm also assigned an “overweight” rating to the company’s stock.
In a research report on February 28, Credit Suisse Group stated that they now have a target price of $65.00 for Freshpet, up from the previous price of $60.00, and that they have assigned the stock a “neutral” rating.
In a research note published on February 28, Truist Financial upgraded its “hold” rating for Freshpet and increased its price objective for the stock from $40.00 to $55.00. Stephens upgraded Freshpet to “overweight” in a report published on Tuesday, February 28, and increased their price target from $70.00 to $75.00 due to this change.
This was not the final noteworthy development that took 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 stock owned by 2.6% during the third quarter. Vanguard Group INC is now the owner of a total of 4,327,109 shares in the company.
These shares have a value of $216,745,000 and were acquired by the company during the most recent fiscal quarter by purchasing 107,824 additional shares.
In the second quarter, Champlain Investment Partners LLC completed the purchase of a 56.3% ownership stake in Freshpet, bringing the company’s total ownership to 100%.
During the most recent fiscal quarter, Champlain Investment Partners LLC purchased 1,322,810 shares of the company’s stock.
This brings the total number of shares it currently owns to 3,670,870, with a value of $190,481,000. Wasatch Advisors INC increased the amount of Freshpet stock owned by 5.2% during the first three months of 2018.
After making an additional purchase of 170,766 shares during the most recent fiscal quarter, Wasatch Advisors INC now has a total of 3,479,089 shares of the company’s stock in its possession.
The value of the company’s stock currently is $357.094 million.
Armistice Capital LLC increased the amount of Freshpet stock owned by 242.0% during the third quarter of 2018.
After making an additional 1,936,000 share purchase during the most recent quarter, Armistice Capital LLC now owns 2,736,000 shares in the company.
These shares have a combined value of $137,046,000.
Armistice Capital LLC acquired these shares.
Last but not least, during the second quarter, FMR LLC increased the percentage of Freshpet stock owned by 214.1%.
This certainly should not be considered the least important point.
After purchasing 1,271,638 additional shares during the most recent quarter, FMR LLC now owns 1,865,620 of the company’s shares, giving it a value of $96,807,000.
These shares were acquired as part of the most recent acquisition.
Freshpet, INC produces treats and food for canine and feline companions, and they also donate some of their products to animal shelters and rescue organizations.
In the kitchens at Freshpet, hearty dishes are prepared using locally sourced fresh produce, including meats, vegetables, and fruits.
Deli The Fresh Grain-Free Chicken Recipe for Dogs, the Nature’s Fresh Grain-Free Chicken Recipe for Cats, Joy Turkey and Apple Bits Treats, and the Vital Grain-Free Chicken and Ocean Whitefish Recipe for Cats are just some of the products that this company offers.