Freshpet Inc (NASDAQ: FRPT) has reported earnings for its fourth fiscal quarter (ending December 31) of $0.32 versus a loss $-0.06 for the same period a year ago. This result exceeded the consensus estimate of $0.12 by $0.20. For the latest four quarters through December 31, E.P.S. were $-0.70 versus $-1.29 for the same period a year ago.
Recent Price Action
Freshpet Inc (NASDAQ: FRPT) stock enjoyed a major increase of 19.7% on 2/26/24. The shares closed at $110.12. Moreover, this advance was accompanied by exceptionally high trading volume at 585% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 22.1% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be in line with the cost of capital, FRPT is expected to continue to be Value Creation neutral.
Freshpet has a current Value Trend Rating of C (Low Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Freshpet has a very low Appreciation Score of 9 but a very high Power Rating of 87, resulting in the Low Neutral Value Trend Rating.
Rating Review
In light of this new information and very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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