Freshpet, Inc. Reports First Quarter 2021 Financial Results
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Freshpet (FRPT) Misses Q1 EPS by 23c, Slight Miss on Revenues; Offers FY21 Revenues Below Consensus
May 3, 2021 4:53 PM EDTFreshpet (NASDAQ: FRPT) reported Q1 EPS of ($0.26), $0.23 worse than the analyst estimate of ($0.03). Revenue for the quarter came in at $93.4 million versus the consensus estimate of $93.97 million.
First Quarter 2021 Financial Highlights Compared to Prior Year Period
Net sales of $93.4 million, an increase of 33.3%Net loss of $10.9 million, compared with prior year net loss of $3.6... MoreCiti Says Freshpet (FRPT) Deserves Valuation, Reiterates Sell
May 3, 2021 4:43 PM EDTCiti analyst Wendy Nicholson reiterated a Sell rating and $184.00 price target on Freshpet (NASDAQ: FRPT).
The analyst comments "We believe FRPT deserves to trade at ~13x FY21 sales, given the significant near-term investments the company needs to make to fund its long-term... More
