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Freshpet (FRPT) Advances But Underperforms Market: Key Facts
ZACKS· 2024-09-19 23:21
Freshpet (FRPT) closed the latest trading day at $141.24, indicating a +0.23% change from the previous session's end. This move lagged the S&P 500's daily gain of 1.7%. Elsewhere, the Dow gained 1.26%, while the tech-heavy Nasdaq added 2.51%. The seller of refrigerated fresh pet food's stock has climbed by 6.11% in the past month, exceeding the Consumer Staples sector's gain of 2.99% and the S&P 500's gain of 1.27%. Analysts and investors alike will be keeping a close eye on the performance of Freshpet in i ...
Freshpet: Building A Tasty Competitive Edge To Strengthen Growth And Profitability
Seeking Alpha· 2024-09-18 18:29
In this article, we take a closer look at Freshpet, Inc. (NASDAQ: FRPT ), a company that has delivered an impressive 61% YTD return. However, with a forward P/E ratio of 200, investors are worried about the company valuation that appears expensive, especially Welcome to Growth Arcane, where we specialize in uncovering opportunities with compelling fundamental characteristics and robust long-term catalysts. With a primary focus on the US market, we delve into various industries, regardless of their market ca ...
Freshpet (FRPT) Stock Falls Amid Market Uptick: What Investors Need to Know
ZACKS· 2024-09-10 23:21
In the latest market close, Freshpet (FRPT) reached $135.22, with a -0.91% movement compared to the previous day. This change lagged the S&P 500's 0.45% gain on the day. At the same time, the Dow lost 0.23%, and the tech-heavy Nasdaq gained 0.84%. Shares of the seller of refrigerated fresh pet food have appreciated by 5.46% over the course of the past month, outperforming the Consumer Staples sector's gain of 4.88% and the S&P 500's gain of 2.54%. The investment community will be closely monitoring the perf ...
Freshpet, Inc. Announces Inducement Grant Under NASDAQ Listing Rule 5635(c)(4)
GlobeNewswire News Room· 2024-09-06 20:05
BEDMINSTER, N.J., Sept. 06, 2024 (GLOBE NEWSWIRE) -- Freshpet, Inc. ("Freshpet" or the "Company") (Nasdaq: FRPT) today announced that the Compensation and Human Capital Management Committee of its Board of Directors approved an equity award as an inducement material to Nicki Baty's acceptance of employment with the Company in accordance with NASDAQ Listing Rule 5635(c)(4). In connection with her previously announced appointment to Chief Operating Officer, Ms. Baty was granted, effective September 1, 2024, i ...
Freshpet, Inc. to Participate in Upcoming Investor Conferences
GlobeNewswire News Room· 2024-08-22 12:00
BEDMINSTER, N.J., Aug. 22, 2024 (GLOBE NEWSWIRE) -- Freshpet, Inc. ("Freshpet" or the "Company") (Nasdaq: FRPT) today announced that members of the executive management team will participate in the following upcoming investor conferences: On Thursday, September 5, 2024, the Company will participate in a fireside chat at the Barclays 17th Annual Global Consumer Staples Conference at 2:15 p.m. EDT. On Tuesday, September 10, 2024, the Company will participate in a fireside chat at the Piper Sandler Growth Fron ...
Freshpet (FRPT) Upgraded to Buy: What Does It Mean for the Stock?
ZACKS· 2024-08-08 17:01
Freshpet (FRPT) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices. The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system. In ...
Why Freshpet Stock Was Climbing Today
The Motley Fool· 2024-08-06 19:37
Shares of Freshpet gained on a delayed reaction to a strong earnings report. Shares of Freshpet (FRPT 4.64%), the maker of fresh, refrigerated dog and cat food, were moving higher the day after the company delivered a better-than-expected earnings report. After the stock got swept up in the broader market sell-off yesterday, it redeemed itself today, tacking on 3.9% as of 1:45 p.m. ET with the help of a bullish analyst note. Freshpet keeps up the growth Freshpet has been gaining market share in the pet food ...
Freshpet Analysts Boost Their Forecasts Following Strong Q2 Results
Benzinga· 2024-08-06 16:08
Group 1 - Freshpet reported a second-quarter earnings per share loss of $0.03, outperforming the analyst consensus of a $0.08 loss [1] - Quarterly sales reached $235.253 million, exceeding the expected $231.053 million, driven by a volume gain of 28.3% [1] - The company raised its net sales and Adjusted EBITDA guidance for 2024, now expecting at least $965 million in net sales, a 26% increase from 2023, up from a previous estimate of at least $950 million [2] Group 2 - Freshpet shares increased by 5.2%, trading at $127.77 following the earnings announcement [3] - Baird analyst Peter Benedict maintained an Outperform rating on Freshpet and raised the price target from $135 to $140 [3] - JP Morgan analyst Ken Goldman maintained a Neutral rating and increased the price target from $113 to $126 [3]
Freshpet's Impressive Q2 Sparks Optimism Despite Market Fears
MarketBeat· 2024-08-06 11:32
Freshpet Today FRPT Freshpet $121.41 -0.69 (-0.57%) 52-Week Range $54.60 ▼ $136.35 P/E Ratio 674.54 Price Target $133.76 Add to Watchlist The broad market is in correction mode as recession fears sweep through it, but Freshpet NASDAQ: FRPT is already rebounding because of its performance and improved operational quality. The broad market environment may impact the price action in FRPT in the near term. Still, the industry-leading growth, leverage gains, and rapidly approaching profitability suggest any down ...
Freshpet, Inc. Reports Second Quarter 2024 Financial Results
Newsfilter· 2024-08-05 10:30
Significant Profitability and Operating Cash Flow Improvement Second Quarter 2024 Net Sales Driven Entirely by Volume Growth Company Raises 2024 Net Sales and Adjusted EBITDA Guidance BEDMINSTER, N.J., Aug. 05, 2024 (GLOBE NEWSWIRE) -- Freshpet, Inc. ("Freshpet" or the "Company") (Nasdaq: FRPT) today reported financial results for its second quarter ended June 30, 2024. Second Quarter 2024 Financial Highlights Compared to Prior Year Period Net sales of $235.3 million, an increase of 28.3%. Net loss of $1.7 ...