Freshpet Inc (NASDAQ:FRPT) – Equities researchers at William Blair issued their Q1 2018 earnings per share (EPS) estimates for Freshpet in a research note issued to investors on Tuesday. William Blair analyst J. Andersen anticipates that the company will post earnings of ($0.08) per share for the quarter. William Blair also issued estimates for Freshpet’s Q2 2018 earnings at ($0.04) EPS, Q3 2018 earnings at $0.02 EPS, Q4 2018 earnings at $0.04 EPS and FY2019 earnings at $0.16 EPS.
FRPT has been the subject of several other research reports. Oppenheimer reaffirmed a “hold” rating on shares of Freshpet in a report on Friday, December 1st. BidaskClub lowered Freshpet from a “buy” rating to a “hold” rating in a report on Friday, December 15th. TheStreet raised Freshpet from a “d+” rating to a “c-” rating in a report on Thursday, November 30th. Credit Suisse Group lifted their price objective on Freshpet from $15.00 to $17.00 and gave the stock a “neutral” rating in a report on Tuesday, November 7th. Finally, Stifel Nicolaus reaffirmed a “buy” rating on shares of Freshpet in a report on Friday, December 15th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $19.50.
Shares of Freshpet (NASDAQ FRPT) opened at $18.50 on Wednesday. Freshpet has a fifty-two week low of $9.25 and a fifty-two week high of $20.85.
Freshpet (NASDAQ:FRPT) last posted its earnings results on Monday, March 5th. The company reported $0.04 EPS for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.03). Freshpet had a negative return on equity of 3.93% and a negative net margin of 2.73%. The business had revenue of $40.70 million during the quarter, compared to the consensus estimate of $41.14 million. During the same period in the previous year, the business posted $0.04 EPS. The firm’s revenue for the quarter was up 19.4% on a year-over-year basis.
In related news, CFO Richard A. Kassar sold 10,000 shares of Freshpet stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $18.93, for a total value of $189,300.00. Following the completion of the sale, the chief financial officer now owns 209,994 shares of the company’s stock, valued at $3,975,186.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 6.80% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FRPT. Teachers Advisors LLC lifted its position in Freshpet by 21.3% during the second quarter. Teachers Advisors LLC now owns 44,712 shares of the company’s stock valued at $742,000 after purchasing an additional 7,855 shares in the last quarter. TIAA CREF Investment Management LLC lifted its position in Freshpet by 10.3% during the second quarter. TIAA CREF Investment Management LLC now owns 83,853 shares of the company’s stock valued at $1,392,000 after purchasing an additional 7,839 shares in the last quarter. Northern Trust Corp lifted its position in Freshpet by 6.2% during the second quarter. Northern Trust Corp now owns 448,884 shares of the company’s stock valued at $7,451,000 after purchasing an additional 26,377 shares in the last quarter. Vanguard Group Inc. lifted its position in Freshpet by 3.6% during the second quarter. Vanguard Group Inc. now owns 1,095,224 shares of the company’s stock valued at $18,181,000 after purchasing an additional 37,762 shares in the last quarter. Finally, Voya Investment Management LLC purchased a new position in Freshpet during the second quarter valued at $188,000. Institutional investors own 73.96% 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.