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Freshpet, Inc. (FRPT)

NasdaqGM - NasdaqGM Real Time Price. Currency in USD
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51.89-2.91 (-5.31%)
At close: 04:00PM EDT
51.80 -0.09 (-0.17%)
After hours: 06:40PM EDT
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  • J
    JT_kirk20
    Freshpet, Inc. ("Freshpet") NASDAQ:FRPT today announced the pricing of its follow-on offering of 4,320,988 shares of its common stock in an underwritten public offering at a price to the public of $81.00 per share. Freshpet has also granted the underwriters a 30-day option to purchase up to 648,148 additional shares of its common stock. The offering is expected to close on May 6, 2022, subject to customary closing conditions. BofA Securities, Jefferies and Truist Securities are acting as lead book-running managers for the offering. Baird, Cowen, Credit Suisse, Stifel and William Blair are also acting as book-running managers for the offering

    more scamming
    who would buy this junk ?????
  • M
    MIKE
    I wonder how this $350 million offering went as the buyers would have been way under water at close on May 6th at $64.70 of $16.30 per share (20%+ haircut on close) - This company is in a world of hurt if it need cash in this market ask Carvana.

    Not to mention it's product is definitely one that would have major headwinds in this current economy

    https://finance.yahoo.com/news/freshpet-announces-pricing-public-offering-021100405.html

    This is definitely the kind of stock that has way more sellers than buyers.
    SECAUCUS, N.J., May 03, 2022 (GLOBE NEWSWIRE) -- Freshpet, Inc. (“Freshpet”) (NASDAQ: FRPT) today announced the pricing of its follow-on offering of 4,320,988 shares of its common stock in an underwritten public offering at a price to the public of $
    SECAUCUS, N.J., May 03, 2022 (GLOBE NEWSWIRE) -- Freshpet, Inc. (“Freshpet”) (NASDAQ: FRPT) today announced the pricing of its follow-on offering of 4,320,988 shares of its common stock in an underwritten public offering at a price to the public of $
    finance.yahoo.com
    Bearish
  • J
    JT_kirk20
    wmt and tgt get killed because of consumer weakness
    but overpriced dog food company that loses money
    and misses est goes up ???
  • S
    SteveC
    212 times earnings. Cheers!
  • J
    JT_kirk20
    missed 7 Q's in a row now
    FRESHPET, INC. (FRPT) REPORTS FIRST QUARTER 2022 FINANCIAL RESULTS

    * Q1 SALES ROSE 41.5 PERCENT TO $132.2 MILLION

    * FOR FULL YEAR 2022, COMPANY REITERATED ITS GUIDANCE

    * QTRLY LOSS PER SHARE $0.40

    * Q1 EARNINGS PER SHARE VIEW $-0.39, REVENUE VIEW $126.6 MILLION
  • J
    JT_kirk20
    Price/Cash Flow (Most Recent Quarter) -3,096.07 -28.87
    2nd
    Price/Cash Flow (TTM) 5,931.33 62.92
    100th
    Price/Sales (Most Recent Quarter) 9.86 3.33
    96th
    Price/Sales (TTM) 10.72

    Why should anyone own this ?
  • J
    JT_kirk20
    this scam stock has been trading since jan 2015 and the best Q they have ever had
    was .12 a share ....
    and over 90% of the Q's are a loss or 0
    what is the point and how are people paying 90 bucks for a share ?
  • J
    JT_kirk20
    How do sales go up yet they lose more money
    sounds like miss management to me.
    They need to control their cost, and
    so far for the last 7 Quarters it seems they cannot.
  • J
    JT_kirk20
    I think the SEC should investigate
    this stock. and the powers behind it,
    who is writing the options ?
  • J
    JT_kirk20
    FRPT has missed earning ests 6 times in a row I say it will be 7
    est for upcoming Q is
    Consensus Estimate EPS
    (11 Analysts) $-0.39
    Estimate Low/High Range $-0.45 / $-0.14

    So another big lose, why own this stock ?
  • J
    JT_kirk20
    Who owns this ?
    Please explain to me why.
    Thanks for any intelligent input.
  • Y
    Yahoo Finance Insights
    Freshpet reached a 52 Week low at 62.56
  • Y
    Yahoo Finance Insights
    Freshpet reached a 52 Week low at 75.26
  • J
    JT_kirk20
    I wonder why they chose to report after hours
    that usually means good news like an earnings beat
  • Y
    Yahoo Finance Insights
    Freshpet reached a 52 Week low at 67.14
  • S
    SteveC
    This stock has been trading at somewhere between 350 to 2,000 times earnings for the last 5 years and has gone from $6/share to $90. Consistently misses earnings like clockwork.

    As we speak it's around 500 times earnings.

    Should be trading around $3/share.

    I agree with the previous poster that I've never seen anybody even looking at the product, let alone buying it.

    That explains the flat to negative earnings year after year but doesn't explain a 500+ p/e ratio.

    Anybody with an explanation why a dog food company is among the richest valued companies in the world if not the richest, please enlighten the rest of us.
  • J
    JT_kirk20
    n consideration of the agreement by the Underwriters to offer and sell the Shares, and of other good and valuable consideration the receipt and sufficiency of which is hereby acknowledged, the undersigned agrees that, during the period specified in the following paragraph (the “Lock-Up Period”), the undersigned will not offer, sell, contract to sell, pledge, grant any option to purchase, make any short sale or otherwise dispose of any shares of Stock of the Company, or any options or warrants to purchase any shares of Stock of the Company, or any securities convertible into, exchangeable for or that represent the right to receive shares of Stock of the Company, whether now owned or hereinafter acquired, owned directly by the undersigned or with respect to which the undersigned has beneficial ownership within the rules and regulations of the SEC (collectively the “Undersigned’s Shares”). The foregoing restriction is expressly agreed to preclude the undersigned from engaging in any hedging or other transaction which is designed to or which reasonably could be expected to lead to or result in a sale or disposition of the Undersigned’s Shares even if such Shares would be disposed of by someone other than the undersigned. Such prohibited hedging or other transactions would include without limitation any short sale or any purchase, sale or grant of any right (including without limitation any put or call option) with respect to any of the Undersigned’s Shares or with respect to any security that includes, relates to, or derives any significant part of its value from such Shares.

    The Lock-Up Period will commence on the date of this Lock-Up Agreement and continue for 60 days after the public offering date set forth on the final prospectus used to sell the Shares (the “Public Offering Date”) pursuant to the Underwriting Agreement.

    I would sell before this date I think around apr 26th
  • J
    JT_kirk20
    ka boom !
  • E
    Effsocialism
    BLUE is the #1 Wholesome Natural pet food brand in the U.S. with $1.275 billion in net sales and $319 million in Adjusted EBITDA for fiscal year 2017, representing an Adjusted EBITDA margin of 25%. Over the past three years, Blue Buffalo has delivered compound annual net sales growth of 12% and Adjusted EBITDA growth of 18%.

    BLUE was bought for $8 Billion, about the price FRPT is today. Only problem is that they had 4x more revenues and actual earnings.
  • r
    roaddog
    Spoiler alert!
    If you bought Freshpet because you are looking forward to a buyout, in my opinion that ship has already sailed.
    On March 17, 2009 Tyson Foods took a stake in Freshpet. After that point, they helped market Freshpet and were
    likely responsible in getting the Freshpet refrigerators in so many key retailers. Tyson Foods also was involved in the
    $100 M IPO. It seems to me that it would be illogical for Tyson Foods to allow another food company, or any other
    entity, to acquire Freshpet as they would be at risk of losing a major customer that consumes millions of pounds
    of meat. Read the following articles and press releases and come to your own, informed, decision. Then call your broker and ask him why he did not warn you.
    WSJ article dated March 17, 2009
    https://www.mediapost.com/publications/article/102276/tyson-allying-with-freshpet-to-grow-fresh-dog-food.html

    Reuter’s article dated March 17, 2009.
    https://www.reuters.com/article/tyson-petfood/tyson-foods-partners-with-pet-food-company-idUSN1719629020090317

    petproductnews article dated March 17, 2009
    http://www.petproductnews.com/March-2009/Freshpet-And-Tyson-Team-Up-To-Offer-Refrigerated-Pet-Food/

    Consumergoods.com article dated March 17, 2009.
    https://consumergoods.com/tyson-and-freshpet-partner-pet-food-category

    This is a link to a press release dated November 30, 2009.
    In it Tyson foods refers to Freshpet as their “latest line’.
    https://www.petfoodindustry.com/articles/1036-tyson-looks-to-expand-freshpet-pet-treat-production

    This a link to a press release dated December 29, 2009.
    It contains details about Tyson foods alliance with Freshpet.
    https://www.wattagnet.com/articles/1559-tyson-freshpet-join-forces-on-pet-food-offerings

    This is a link to a news article dated September 16, 2014.
    http://www.meatpoultry.com/articles/news_home/Business/2014/09/Freshpet_files_for_100_million.aspx?ID=%7BA9639267-5FAE-4564-A10C-AEFC0473EA80%7D&cck=

    This is a link to Tyson Food’s 2014 annual report.
    On page 222, Freshpet is listed as under Tyson’s holdings as “Joint Ventures/Partnerships.
    http://s1.q4cdn.com/900108309/files/doc_financials/2014/TSN-FY14-10-K_v001_c2s3d9.pdf
    Tyson Foods is expected to announce today that it is investing millions of dollars for a minority stake in Freshpet, a Secaucus, N.J., company that is rolling out refrigerated dog food to stores such as Kroger, Supervalu and PetSmart, Scott Kilman re
    Tyson Foods is expected to announce today that it is investing millions of dollars for a minority stake in Freshpet, a Secaucus, N.J., company that is rolling out refrigerated dog food to stores such as Kroger, Supervalu and PetSmart, Scott Kilman re
    www.mediapost.com
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