Brokerages predict that Freshpet Inc (NASDAQ:FRPT) will report $41.04 million in sales for the current quarter, according to Zacks. Six analysts have made estimates for Freshpet’s earnings, with the highest sales estimate coming in at $41.80 million and the lowest estimate coming in at $40.68 million. Freshpet posted sales of $34.06 million during the same quarter last year, which suggests a positive year over year growth rate of 20.5%. The firm is expected to issue its next quarterly earnings report on Thursday, March 8th.

According to Zacks, analysts expect that Freshpet will report full year sales of $41.04 million for the current fiscal year, with estimates ranging from $156.36 million to $157.50 million. For the next year, analysts anticipate that the company will report sales of $184.89 million per share, with estimates ranging from $179.50 million to $188.50 million. Zacks’ sales averages are a mean average based on a survey of analysts that that provide coverage for Freshpet.

Freshpet (NASDAQ:FRPT) last released its earnings results on Monday, November 6th. The company reported ($0.01) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.01). The firm had revenue of $41.20 million during the quarter, compared to analyst estimates of $41.19 million. Freshpet had a negative net margin of 3.04% and a negative return on equity of 4.19%. The business’s revenue was up 19.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.02 EPS.

A number of research analysts have recently commented on the stock. Zacks Investment Research lowered shares of Freshpet from a “hold” rating to a “sell” rating in a research report on Tuesday, January 9th. Robert W. Baird reaffirmed a “buy” rating and set a $22.00 price objective on shares of Freshpet in a research report on Wednesday, January 3rd. BidaskClub raised shares of Freshpet from a “hold” rating to a “buy” rating in a research report on Friday, December 22nd. Susquehanna Bancshares assumed coverage on shares of Freshpet in a research report on Monday, October 2nd. They set a “neutral” rating and a $15.00 price objective for the company. Finally, Stifel Nicolaus reaffirmed a “buy” rating on shares of Freshpet in a research report on Friday, December 15th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. Freshpet presently has a consensus rating of “Hold” and a consensus price target of $18.64.

Freshpet (FRPT) traded down $0.55 during trading on Friday, reaching $18.40. 80,700 shares of the company’s stock were exchanged, compared to its average volume of 159,050. The firm has a market cap of $660.62, a price-to-earnings ratio of -131.42 and a beta of 1.97. Freshpet has a 52-week low of $9.25 and a 52-week high of $20.50.

In related news, CFO Richard A. Kassar sold 10,000 shares of the stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $18.93, for a total value of $189,300.00. Following the completion of the transaction, the chief financial officer now owns 209,994 shares of the company’s stock, valued at $3,975,186.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Stephen Macchiaverna sold 4,946 shares of the stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $17.34, for a total transaction of $85,763.64. Following the completion of the transaction, the vice president now directly owns 77,884 shares of the company’s stock, valued at approximately $1,350,508.56. The disclosure for this sale can be found here. Insiders sold 68,218 shares of company stock valued at $1,211,499 in the last three months. Company insiders own 6.80% of the company’s stock.

A number of large investors have recently bought and sold shares of FRPT. Schwab Charles Investment Management Inc. raised its position in Freshpet by 0.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 68,936 shares of the company’s stock worth $1,145,000 after purchasing an additional 380 shares in the last quarter. Rhumbline Advisers raised its position in Freshpet by 6.9% in the second quarter. Rhumbline Advisers now owns 25,267 shares of the company’s stock worth $419,000 after purchasing an additional 1,640 shares in the last quarter. Bank of New York Mellon Corp raised its position in Freshpet by 12.8% in the second quarter. Bank of New York Mellon Corp now owns 599,954 shares of the company’s stock worth $9,960,000 after purchasing an additional 68,254 shares in the last quarter. Teachers Advisors LLC raised its position in Freshpet by 21.3% in the second quarter. Teachers Advisors LLC now owns 44,712 shares of the company’s stock worth $742,000 after purchasing an additional 7,855 shares in the last quarter. Finally, TIAA CREF Investment Management LLC raised its position in Freshpet by 10.3% in the second quarter. TIAA CREF Investment Management LLC now owns 83,853 shares of the company’s stock worth $1,392,000 after purchasing an additional 7,839 shares in the last quarter. 69.77% of the stock is owned by hedge funds and other institutional investors.

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About Freshpet

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’s products consist of dog food, cat food, and dog and cat treats.

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