Why Freshpet Stock Plummeted Today
Shares of "better for them" pet food maker (NASDAQ: FRPT) were down by 19% as of 1:50 p.m. ET Thursday, according to data provided by S&P Global Market Intelligence.
While the company's fourth-quarter earnings report was generally impressive, the shares had previously been priced for near perfection, and the figures Freshpet delivered didn't quite meet analysts' optimistic estimates. The consensus expectations had been for earnings of $0.38 per share on revenue of $263.97 million, but Freshpet reported earnings of $0.36 per share on revenue of $262.71 million.
Freshpet's premium fresh and refrigerated pet food options have quickly become a hit among pet owners looking to take better care of their furry friends.
Source Fool.com
Freshpet Inc. Stock
€59.24
-3.050%
Currently there is a rather positive sentiment for Freshpet Inc. with 3 Buy predictions and 0 Sell predictions.
As a result the target price of 113 € shows a very positive potential of 90.75% compared to the current price of 59.24 € for Freshpet Inc..
