Freshpet Inc (NASDAQ:FRPT) – Equities research analysts at Oppenheimer Holdings issued their Q1 2017 earnings estimates for Freshpet in a research note issued on Tuesday. Oppenheimer Holdings analyst R. Parikh forecasts that the brokerage will earn ($0.12) per share 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 posted its quarterly earnings results on Thursday, March 9th. The company reported $0.04 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.04. Freshpet had a negative return on equity of 1.56% and a negative net margin of 1.25%. The company had revenue of $34.06 million for the quarter, compared to analysts’ expectations of $34.18 million. During the same period last year, the firm earned $0.08 earnings per share. Freshpet’s quarterly revenue was up 12.8% on a year-over-year basis. TRADEMARK VIOLATION WARNING: “Freshpet Inc (FRPT) Expected to Post Q1 2017 Earnings of ($0.12) Per Share” was originally posted by Web Breaking News and is owned by of Web Breaking News. If you are accessing this piece on another domain, it was stolen and republished in violation of United States and international copyright laws. The correct version of this piece can be viewed at http://www.webbreakingnews.com/2017/03/25/freshpet-inc-frpt-expected-to-post-q1-2017-earnings-of-0-12-per-share.html.
Separately, Zacks Investment Research downgraded Freshpet from a “hold” rating to a “sell” rating in a report on Tuesday, January 17th. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $10.15.
Shares of Freshpet (NASDAQ:FRPT) opened at 11.00 on Thursday. Freshpet has a 1-year low of $6.94 and a 1-year high of $12.00. The firm has a 50-day moving average price of $10.89 and a 200-day moving average price of $9.81. The firm’s market capitalization is $349.80 million.
In other news, CEO William B. Cyr acquired 17,850 shares of the company’s stock in a transaction dated Tuesday, March 14th. The stock was acquired at an average cost of $11.07 per share, for a total transaction of $197,599.50. Following the acquisition, the chief executive officer now directly owns 68,232 shares in the company, valued at approximately $755,328.24. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 8.20% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. Carl Domino Inc increased its stake in Freshpet by 33.3% in the third quarter. Carl Domino Inc now owns 24,000 shares of the company’s stock worth $210,000 after buying an additional 6,000 shares during the last quarter. Emerald Advisers Inc. PA increased its stake in Freshpet by 28.3% in the third quarter. Emerald Advisers Inc. PA now owns 674,325 shares of the company’s stock worth $5,833,000 after buying an additional 148,603 shares during the last quarter. Wells Fargo & Company MN increased its stake in Freshpet by 22.1% in the third quarter. Wells Fargo & Company MN now owns 137,652 shares of the company’s stock worth $1,190,000 after buying an additional 24,908 shares during the last quarter. Commerce Bank increased its stake in Freshpet by 15.1% in the third quarter. Commerce Bank now owns 30,467 shares of the company’s stock worth $264,000 after buying an additional 4,000 shares during the last quarter. Finally, Granite Investment Partners LLC increased its stake in Freshpet by 18.9% in the third quarter. Granite Investment Partners LLC now owns 121,836 shares of the company’s stock worth $1,054,000 after buying an additional 19,370 shares during the last quarter. Institutional investors and hedge funds own 63.84% of the company’s stock.
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 offers products consisting of dog food, cat food, and dog and cat treats.
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