Freshpet (NASDAQ:FRPT) Issues Quarterly Earnings Results, Hits Expectations

Freshpet (NASDAQ:FRPT) announced its quarterly earnings data on Thursday. The company reported $0.36 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.36, Zacks reports. The business had revenue of $262.71 million during the quarter, compared to analyst estimates of $275.46 million. Freshpet had a net margin of 4.75% and a return on equity of 3.67%. Freshpet updated its FY 2027 guidance to EPS and its FY 2025 guidance to EPS.

Freshpet Stock Down 6.1 %

Shares of NASDAQ FRPT traded down $6.53 during trading hours on Friday, hitting $99.87. The stock had a trading volume of 1,685,380 shares, compared to its average volume of 871,474. The company has a market capitalization of $4.85 billion, a P/E ratio of 112.47 and a beta of 1.42. The firm’s 50-day moving average price is $146.48 and its two-hundred day moving average price is $143.06. Freshpet has a 52 week low of $89.15 and a 52 week high of $164.07. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.91 and a current ratio of 4.72.

Wall Street Analysts Forecast Growth

FRPT has been the topic of several research reports. Oppenheimer raised their price target on Freshpet from $155.00 to $180.00 and gave the company an “outperform” rating in a research note on Thursday, November 14th. JPMorgan Chase & Co. lifted their target price on shares of Freshpet from $126.00 to $154.00 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. Robert W. Baird lifted their target price on shares of Freshpet from $157.00 to $170.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Freshpet from $161.00 to $163.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Finally, Wells Fargo & Company lowered their price target on shares of Freshpet from $170.00 to $142.00 and set an “overweight” rating for the company in a report on Friday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $161.93.

Insiders Place Their Bets

In related news, President Scott James Morris sold 5,000 shares of the company’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $158.13, for a total value of $790,650.00. Following the completion of the transaction, the president now directly owns 122,380 shares in the company, valued at approximately $19,351,949.40. This represents a 3.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 3.70% of the company’s stock.

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.