Streetbeat News

FRPT

Freshpet, Inc.

https://www.freshpet.com

Industry

Packaged Foods

Freshpet, Inc. manufactures and markets natural fresh meals and treats for dogs and cats in the United States, Canada, and Europe. The company sells its products under the Freshpet brand; and Dognation and Dog Joy labels through various classes of retail, including grocery, mass, club, pet specialty, and natural, as well as online. Freshpet, Inc. was incorporated in 2004 and is headquartered in Secaucus, New Jersey.

Open

86.64

Mkt cap

4.3B

Volume

1.8M

High

90.76

P/E Ratio

94.45

52-wk high

164.07

Low

86.37

Div yield

N/A

52-wk low

80.27

DA Davidson analyst Brian Holland maintains a Buy rating on Freshpet (NASDAQ:FRPT) and raises the price target from $104 to $138.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 3:07 pm

Truist Securities analyst Bill Chappell upgraded Freshpet (NASDAQ:FRPT) from Hold to Buy and increased the price target from $120 to $135.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 12:05 pm

JP Morgan analyst Ken Goldman has maintained a Neutral rating on Freshpet (NASDAQ:FRPT) and increased the price target from $67 to $102.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 6:08 pm

Piper Sandler analyst Michael Lavery maintains an Overweight rating on Freshpet (NASDAQ:FRPT) and raises the price target from $100 to $130.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 3:36 pm

Truist Securities analyst Bill Chappell has maintained a Hold rating on Freshpet (NASDAQ:FRPT) and increased the price target from $70 to $120.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 1:54 pm

Wall Street saw a subdued start to the week with major indices showing little change. The S&P 500 and Nasdaq 100 experienced minor adjustments, while the iShares Russell 2000 ETF (IWM) saw a slight increase. Treasury yields rose, impacting the iShares 20+ Year Treasury Bond ETF (TLT). In the stock market, Tesla (TSLA) and other EV stocks rallied, while Alphabet (GOOGL) fell due to concerns over its Gemini AI tool. Crypto-related stocks like Marathon Digital Holdings (MARA), Coinbase Global (COIN), and Riot Platforms (RIOT) surged alongside Bitcoin. Other notable movements included Palo Alto Networks (PANW) and R1 RCM (RCM) seeing significant gains.

Portfolio Pulse from Piero Cingari

February 26, 2024 | 7:35 pm

Freshpet, Inc. (NASDAQ:FRPT) shares surged 15.5% after reporting Q4 earnings and sales above estimates. Other stocks also moved significantly in Monday's mid-day session, with notable gainers including Akili, Inc. (NASDAQ:AKLI), ZyVersa Therapeutics, Inc. (NASDAQ:ZVSA), and MicroCloud Hologram Inc. (NASDAQ:HOLO), among others. Losers included Aclarion, Inc. (NASDAQ:ACON) and Venus Concept Inc. (NASDAQ:VERO).

Portfolio Pulse from Avi Kapoor

February 26, 2024 | 6:57 pm

Freshpet Inc (NASDAQ:FRPT) reported a significant increase in its fourth-quarter fiscal 2023 sales, with a 29.9% year-on-year growth to $215.42 million, surpassing the consensus of $204.36 million. The company's EPS was $0.31, greatly exceeding the consensus of $0.05. Gross profit, adjusted gross profit, and net income saw substantial increases, with adjusted EBITDA rising by 66.9% year-on-year. Freshpet also reported positive net cash flows and holds $297.87 million in cash and equivalents. For 2024, Freshpet expects net sales of at least $950 million and projects an adjusted gross margin expansion and adjusted EBITDA of $100 million to $110 million. Following the report, FRPT shares surged by 17.28% to $107.91.

Portfolio Pulse from Akanksha Bakshi

February 26, 2024 | 4:14 pm

Freshpet shares surged following the announcement of their financial results for 2024, which exceeded market expectations.

Portfolio Pulse from Luke J Jacobi

February 26, 2024 | 1:25 pm

As of Feb. 26, 2024, Freshpet, Inc. (FRPT), Walmart Inc. (WMT), and Costco Wholesale Corporation (COST) in the consumer staples sector are considered overbought based on their RSI values, indicating potential short-term performance concerns. Freshpet's recent earnings beat and Walmart's Q4 FY24 sales growth have contributed to their stock gains, while Costco's January sales increase supports its positive momentum.

Portfolio Pulse from Avi Kapoor

February 26, 2024 | 1:18 pm

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