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Freshpet (FRPT) Advances But Underperforms Market: Key Facts
ZACKS· 2024-09-20 07:21
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· 2024-09-19 02:29
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· 2024-09-11 07:21
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· 2024-09-07 04:05
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 20:00
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· 2024-08-09 01:01
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· 2024-08-07 03:37
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· 2024-08-07 00:08
Freshpet, Inc. FRPT reported better-than-expected second-quarter earnings results on Monday. Freshpet reported second-quarter earnings per share of $0.03 loss, beating the analyst consensus of $0.08 loss. Quarterly sales of $235.253 million beat the street view of $231.053 million. Volume gains of 28.3% entirely drove the increase in net sales. "The momentum we have today gives us even greater confidence in our ability to achieve our 2027 targets, a number of which we have already exceeded," commented Billy ...
Freshpet's Impressive Q2 Sparks Optimism Despite Market Fears
MarketBeat· 2024-08-06 19:32
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(FRPT) - 2024 Q2 - Quarterly Report
2024-08-06 04:05
财务状况 - 2024年6月30日现金及现金等价物为2.517亿美元[14] - 2024年6月30日应收账款净额为6,816万美元[14] - 2024年6月30日存货净额为7,325万美元[14] - 2024年6月30日长期投资于权益证券为3,345万美元[14] - 公司2023年6月30日现金及现金等价物为2.44亿美元[27] - 公司持有到期的国库券计入现金等价物和短期投资[47][48] - 公司定期评估应收账款的可收回性并计提坏账准备[49] 经营业绩 - 2024年上半年净销售额为4.591亿美元,同比增长30.8%[17] - 公司2024年上半年净利润为16,908千美元[23] - 公司2023年上半年净亏损41,738千美元[25] - 公司2024年上半年营业收入和营业成本数据[23,24,25] - 公司2024年上半年股票期权行权、限制性股票解锁、股份支付费用等股权激励相关数据[23,25] - 公司2024年上半年外币折算损失197千美元[23] - 公司2024年上半年确认的股份支付费用为2,372.8千美元,其中812.4千美元计入营业成本[94][95] - 公司2024年上半年发行了99份受限股单位,加权平均授予日公允价值为105.64美元,有71份受限股单位已经解锁[96] - 公司净销售额增长由以下几个关键因素驱动:销售速度提升、Freshpet Fridge渗透率提高、宠物行业消费趋势向好、适当提价应对成本上涨[117] - 毛利率提升主要由于原材料成本下降、质量成本降低以及生产费用的规模效应[135,148] - 销售、一般及管理费用占净销售额的比重下降主要由于物流成本和广告费用占比下降,但股份支付费用增加[137,138] - 营业亏损大幅收窄主要得益于销售增长、毛利率提升以及物流成本下降,部分被管理费用增加所抵消[140] - 调整后EBITDA大幅增长,主要受益于毛利率提升,部分被管理费用增加所抵消[144] - 公司销售、一般及管理费用(SG&A)为1.754亿美元,占净销售额的38.2%,较上年同期下降410个基点,主要是由于物流成本和媒体费用占净销售额的比例下降所致[150] - 经调整的SG&A费用为1.438亿美元,占净销售额的31.3%,较上年同期的35.8%有所下降[151] - 营业利润增加4,500万美元,由于上述因素的影响,公司实现营业利润670万美元,而上年同期为营业亏损3,830万美元[153] - 公司权益投资收益为990万美元,系公司持有的一家私营公司权益公允价值变动产生的收益[156] - 公司净利润增加5,860万美元至1,690万美元,主要得益于销售增加、毛利率改善、物流成本下降以及权益投资收益,部分被SG&A费用增加所抵消[157] - 经调整EBITDA为6,570万美元,较上年同期增加4,370万美元,主要由于经调整毛利增加所致[158] 现金流 - 公司2024年上半年的经营活动现金流为4,782万美元,主要来自于调整后的净收入6,890万美元,部分被营运资本变动的2,110万美元现金流出所抵消[183,184] - 公司2024年上半年的投资活动现金流出9,480万美元,主要用于Freshpet Kitchens、厂房维修资本支出、冰箱投资以及其他资本支出[187] - 公司2024年上半年的融资活动现金流入180万美元,主要来自于行权所得现金4.2百万美元,部分被支付融资租赁本金1百万美元和限制性股票单位相关税收预扣1.4百万美元所抵消[189,190] 融资活动 - 公司于2023年3月发行4.025亿美元3.00%可转换优先票据[39][40] - 可转换优先票据的初始转换价格约为69.68美元/股,转换率为每1,000美元本金可转换为14.3516股[69] - 公司可以在2026年4月3日之后赎回可转换优先票据,赎回价格为本金100%加上应计利息[70] - 公司于2023年3月以6,621.1万美元的净收益购买了与可转换优先票据相关的敞口头寸[77][78] - 截至2024年6月30日,公司的可转换优先票据的账面价值为3.941亿美元,公允价值为7.869亿美元[73][74] - 2024年上半年,公司确认的可转换优先票据利息费用为707.2万美元[75] - 2024年上半年,公司资本化的利息费用为240.7万美元[76] - 公司于2023年第三季度签订了一项为期10年的制造设备融资租赁协议[82] - 截至2024年6月30日,公司的融资租赁负债余额为2.639亿美元[84] 投资活动 - 公司2023年上半年购买套期保值期权支付6.62亿美元[25] - 公司2023年6月30日无法对私有公司投资施加重大影响[35,36] - 公司采用ASC Topic 321的计量替代方法对无法获得可靠公允价值的投资进行计量[37][38] - 公司于2022年第三季度与Freshpet Kitchens South的运营商签订协议,并发行了194,000份认股权证[91][92] - 截至2024年6月30日,这些认股权证已全部摊销完毕[91] - 截至2023年12月31日,公司仍有2,027千美元的认股权证计入预付费用[91] - 公司预计未来将继续投资于Freshpet Kitchens Ennis Phase 2和3的建设,预计2024年上半年将投资9,480万美元,下半年将投资1.052亿美元[