Freshpet Inc (FRPT) reported quarterly earnings results on Wednesday, May-4-2016. The company reported $-0.05 EPS for the quarter. Analysts had a consensus estimate of $-0.05. The company posted revenue of $31.50 million in the period, compared to analysts expectations of $31.30 million. The company’s revenue was up 16.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.08 EPS.
Many Wall Street Analysts have commented on Freshpet Inc. Freshpet Inc was Downgraded by Goldman to ” Neutral” on Mar 11, 2016. Shares were Reiterated by Wedbush on Mar 11, 2016 to “Outperform” and Lowered the Price Target to $ 10 from a previous price target of $11 .Company shares were Reiterated by Stifel on Mar 10, 2016 to “Buy”, Firm has raised the Price Target to $ 10 from a previous price target of $9 .
Freshpet Inc opened for trading at $8.44 and hit $8.71 on the upside on Monday, eventually ending the session at $8.36, with a gain of 0.97% or 0.08 points. The heightened volatility saw the trading volume jump to 3,08,065 shares. Company has a market cap of $280 M.
In a different news, on Nov 25, 2015, Walter N. George (director) purchased 5,000 shares at $6.12 per share price. According to the SEC, on Nov 25, 2015, Thomas J. Farina (Sr. Vice President of Sales) purchased 3,500 shares at $7.11 per share price. On Nov 20, 2015, Scott James Morris (Chief Marketing Officer) purchased 3,000 shares at $6.34 per share price, according to the Form-4 filing with the securities and exchange commission.
Freshpet Inc. is a manufacturer of fresh refrigerated pet food distributed across North America. The Company offers products consisting of dog food cat food and dog and cat treats. Its recipes include real fresh meat and varying combinations of vegetables leafy greens and anti-oxidant rich fruits without the use of preservatives additives or artificial ingredients. All of its products are sold under the Freshpet brand name with ingredients packaging and labeling customized by class of retail. It also offers fresh and frozen treats across all classes of retail under the Dognation and Dog Joy labels. The Company’s products are available in different forms including slice and serve rolls bagged meals and tubs. Its products are distributed throughout the United States and Canada into retail classes including Grocery and Mass (which includes club) as well as Pet specialty and Natural retail.