Freshpet Inc (NASDAQ: FRPT) has reported a loss for its second fiscal quarter (ending June 30) of $-0.03 versus a loss $-0.35 for the same period a year ago. This result exceeded the consensus estimate of $-0.06 by $0.03. For the latest four quarters through June 30, E.P.S. were $0.52 versus $-1.32 for the same period a year ago.
Recent Price Action
On 8/5/24, Freshpet Inc (NASDAQ: FRPT) stock declined slightly by -0.6%, closing at $121.41. Moreover, exceptionally high trading volume at 366% of normal accompanied the decline. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 2.9% during the last week.
Current PriceTarget Research Rating
FRPT is expected to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Freshpet has a current Value Trend Rating of C (Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Freshpet has a very low Appreciation Score of 8 but a very high Power Rating of 89, triggering the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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