La vendita allo scoperto per Freshpet dà agli investitori un'idea del grado in cui gli investitori stanno scommettendo sul declino delle azioni di Freshpet. I dati relativi alle vendite allo scoperto vengono aggiornati ogni due settimane.

Freshpet (NASDAQ:FRPT) Azioni, Report sulle vendite allo scoperto

Freshpet

Freshpet produces and sells premium fresh pet food through its company-owned refrigerators placed in grocery, mass and club, pet specialty, and natural stores. The former two store types accounted for 89% of 2023 sales, with grocery stores representing the primary driver of footprint growth. Freshpet primarily targets dogs (92% of sales), with cats and treats comprising the rest of its sales. Geographically, the company's home US market, where all its food is produced, accounts for about 96% of sales, with exports to Canada, the United Kingdom, and other European countries accounting for the remaining balance.

Freshpet Inc

Truist Securities analyst Bill Chappell maintains Freshpet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FRPT#NASDAQ">FRPT</a>) with a Buy and raises the price target from $135 to $160.

News

Price Target

Analyst Ratings

FRPT

Truist Securities Maintains Buy on Freshpet, Raises Price Target to $160

Freshpet's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FRPT#NYSE">FRPT</a>) short percent of float has risen 13.43% since its last report. The company recently reported that it has 5.15 million shares sold short, which is 12.5% of all regular shares that are available for trading. Based on its trading volume, it would take traders 6.22 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Freshpet Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1725630312_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Freshpet has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Freshpet's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Freshpet's peer group average for short interest as a percentage of float is 3.78%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Trading Ideas

(FRPT) - Analyzing Freshpet's Short Interest

TD Cowen analyst Robert Moskow maintains Freshpet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FRPT#NASDAQ">FRPT</a>) with a Buy and raises the price target from $143 to $160.

TD Cowen Maintains Buy on Freshpet, Raises Price Target to $160

Baird analyst Peter Benedict maintains Freshpet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FRPT#NASDAQ">FRPT</a>) with a Outperform and raises the price target from $140 to $157.

Baird Maintains Outperform on Freshpet, Raises Price Target to $157

Baty will have responsibilities consistent with her role as COO. However, until May 10, 2025 her commercial responsibilities will be limited to the Mass, Grocery, and Club channels.&nbsp;&nbsp;

Management

Freshpet Names Nicki Baty As COO, Effective September 1, 2024; Scott Morris Will Continue To Help Lead Company As President And Co-founder

Conagra Brands, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cag#NYSE">CAG</a>) remains focused on transforming into a branded, pure-play consumer packaged goods food organization. The company looks forward to enlarging its food businesses, buoyed by innovation and organic growth, along with expansion into adjacent categories, comprising acquisitions. It has also been making divestitures to boost its overall portfolio.
In the latest development, the company revealed that it has concluded its earlier announced transaction regarding the divestiture of its 51.8% ownership stake in Agro Tech Foods Limited.
<h2>The Latest Divestiture to Boost CAG&#39;s Portfolio</h2>
Management informed that all the conditions for the sale (by one of its subsidiaries) of its 51.8% interest in Agro Tech Foods, which is an Indian-based food company, have been fulfilled. CAG intended to sell this stake in the second quarter of fiscal 2024.
The completion highlights an important strategic move to redesign Conagra&#39;s portfolio in a bid to enrich shareholders&#39; value. This is a majority-owned subsidiary consolidated within the company&#39;s International segment. Post the sale, Agro Tech Foods&#39; results will no longer be consolidated in CAG&#39;s financial statements.
<h2>Conagra&#39;s Other Strategic Moves</h2>
Prudent innovations have been helping the company to modernize its portfolio and meet consumers&#39; changing needs. It maintains its focus on investing in innovation, considering it the primary asset in its strategic approach and essential for enhancing its brands and fostering sustainable growth.
The company&#39;s actions, focused on re-engaging consumers with existing products and introducing them to new innovations, give it confidence in driving momentum through multifaceted brand-building investments. Conagra has been making advertising investments in major brands like Birds Eye and Healthy Choice, showcasing its commitment to building and promoting through innovative campaigns.
Conagra has been experiencing solid momentum in the International business. Segment net sales increased 6.4% year over year in fourth-quarter fiscal 2024, reflecting higher organic net sales and positive currency effects. Organic sales growth was driven by volumes, which rose 4.1% due to strength in Mexico and the global export business. The Mexico business has been witnessing volume growth for the past few quarters now. The continuation of these trends will continue to bolster the&nbsp; International unit.
Conagra has been seeing market share gains in the key frozen and snacks categories.&nbsp; The strength of the frozen category reflects the forte of its brands and the effective execution of the Conagra Way playbook. Conagra has made several investments in the innovation of key brands of the frozen business, which are yielding a favorable response. It has been seeing unit share gains in frozen sides, frozen single-serve meals and frozen vegetables.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/c6/75986.jpg?v=1942463570" />
Image Source: Zacks Investment Research
<h2>Challenges CAG is Facing Now</h2>
Despite the positives, Conagra is not immune to the operating challenges. The company has been witnessing tough industry trends, including a slowdown in consumption. During the fiscal fourth quarter, volumes dropped 1.8% year over year due to the continuation of the industry-wide slowdown in consumption and the recent changes in consumer behavior. Industry-wide macroeconomic challenges have adversely impacted consumer purchasing patterns.
The company has also been struggling with cost inflation for a while now, though the trend has been moderating of late. In the fiscal fourth quarter, the adjusted gross margin was partly hurt by the inflated cost of goods sold, soft organic sales and adverse operating leverage. The company anticipates cost of goods sold inflation to continue in the next fiscal year.
CAG&#39;s Foodservice unit has been under pressure due to sluggish consumption trends, reflecting broader industry challenges. The segment&#39;s organic sales declined 3.9% year over year in the fiscal fourth quarter. The persistence of this trend remains a concern as the segment continues to navigate a tough operating environment with ongoing pressures on consumer demand and dining-out behavior.
<h2>What&#39;s Next for CAG&#39;s Investors?</h2>
Despite the operating challenges, this Zacks Rank #4 (Sell) company&#39;s shares have been performing well on the bourses. CAG stock has gained 8.2% over the past three months compared with the industry&#39;s 3.1% growth.
The company has also been making prudent moves to tackle the operating challenges. Potential investors should weigh these hurdles carefully, as volatile consumer behavior and cost inflation cannot be ignored. However, the latest divestiture should help maintain the stock&#39;s solid performance in the near term.
<h2>Stocks to Consider</h2>
Freshpet, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/frpt#NASDAQ">FRPT</a>), a pet food company, has a trailing four-quarter average earnings surprise of 118.2%. FRPT currently sports a Zacks Rank #1 (Strong Buy).
The Zacks Consensus Estimate for Freshpet&#39;s current financial-year sales and earnings per share indicates growth of 24.8% and 177.1%, respectively, from the prior-year reported levels.
Vital Farms (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vitl#NASDAQ">VITL</a>), which provides pasture-raised products, currently sports a Zacks Rank of 1. The Zacks Consensus Estimate for Vital Farms&#39; current financial-year sales and EPS indicates growth of 24.9% and 66.1%, respectively, from the prior-year reported levels.
VITL has a trailing four-quarter earnings surprise of 102.1%, on average.
Post Holdings (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/post#NYSE">POST</a>), a consumer-packaged goods company, is involved in the production of refrigerated, foodservice and nutrition product categories. It currently carries a Zacks Rank #2 (Buy).
The Zacks Consensus Estimate for POST&#39;s current financial-year sales and EPS indicates growth of 14.2% and 6.9%, respectively, from the year-ago reported figures.
<a href="https://www.zacks.com/stock/news/2329170/how-will-the-sale-of-51-8-interest-in-agro-tech-foods-aid-cag-stock?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2329170">To read this article on Zacks.com click here.</a>

Earnings

Large Cap

Mid Cap

Small Cap

Markets

POST

VITL

How Will the Sale of 51.8% Interest in Agro Tech Foods Aid CAG Stock?

Newell Brands Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nwl#NASDAQ">NWL</a>) stock has been under pressure lately, with shares dropping as much as 21.5% in the past three months, while the broader Zacks Consumer Products &ndash; Staples industry has dipped 1.9%. The stock&#39;s current trading level is 36% below its 52-week high of $10.72.
The company has been witnessing a challenging macroeconomic environment and elevated levels of core inflation that have led to muted demand for discretionary and durable products. This resulted in a 7.8% year-over-year decline in second-quarter 2024 revenues, following a revenue decline of 4.2% year over year in the preceding quarter. The decline was driven by reduced core sales, adverse currency impacts and business exits.
Looking ahead, Newell Brands management provided a dismal outlook for the upcoming quarters. For the third quarter, the company expects a 4-6% decline in net sales, with core sales anticipated to be between flat and a 2% decline. For 2024, it forecasts a year-over-year sales decrease of 6-7%, alongside a core sales decline of 3-4%.
These estimates reflect anticipated pressure on various product categories, with expected declines in low single digits. Additionally, the company has been facing a higher-than-previously anticipated headwind from foreign exchange, backed by current spot rates. This challenging outlook underscores the difficulties Newell Brands is encountering in the current economic environment.
Due to the persistent challenges of inflation and the volatile nature of market conditions, management is not very optimistic about its earnings picture. The Zacks Consensus Estimate for 2024 earnings per share is pegged at 65 cents, indicating a decline of 19% year over year.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/4d/74207.jpg?v=1822187229" />
Image Source: Zacks Investment Research
<h3>What Could Turn the Tables for Newell?</h3>
Newell Brands is focused on enhancing productivity and efficiency through various initiatives, including productivity plans, automation, and the full rollout of Project Ovid. The company has been looking to optimize its category mix within each business unit. Additionally, Project Phoenix, aimed at reducing overhead costs and streamlining operations, is expected to contribute positively to the company&#39;s results.
Despite the recent slowdown, Newell Brand has shown resilience in its core business. The company&#39;s third-quarter fiscal 2024 results demonstrated 490 basis points (bps) gross margin expansion, driven by gains from the productivity program and pricing actions. This marked the fourth straight quarter of gross margin expansion for NWL. Normalized operating margin increased 170 bps, backed by productivity, pricing, favorable mix, and organizational restructuring-related savings.
Further, the company is enhancing its front-end commercial capabilities through consumer-driven innovations. Upcoming products include the Graco SmartSense Soothing Bassinet and Swing, and the Rubbermaid Brilliance line. This Zacks Rank #3 (Hold) company is also on track to launch the battery-powered Rubbermaid Commercial carts and the FoodSaver Handheld Plus, a cordless vacuum sealer for food preservation.
Newell Brands is advancing its e-commerce efforts by investing in digital channels and enhancing customer engagement. The company has implemented buy-online, pick-up in-store, and ship-from-store services at its Yankee Candle stores. These traits position the company for long-term growth.
<h3>3 Picks You Can&#39;t Miss</h3>
Here, we have highlighted three better-ranked food stocks, namely, Vital Farms (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vitl#NASDAQ">VITL</a>), Freshpet, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/frpt#NASDAQ">FRPT</a>) and The Chef&#39;s Warehouse (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/chef#NASDAQ">CHEF</a>).
The Chef&#39;s Warehouse, which engages in the distribution of specialty food products, currently sports a Zacks Rank #1 (Strong Buy). CHEF has a trailing four-quarter earnings surprise of 33.7%, on average.
The Zacks Consensus Estimate for The Chef&#39;s Warehouse&#39;s current fiscal year sales and earnings indicates growth of 9.7% and 12.6%, respectively, from the year-ago reported numbers.
Vital Farms offers a range of produced pasture-raised foods. It currently carries a Zacks Rank #2 (Buy). VITL has a trailing four-quarter average earnings surprise of 82.5%.
The Zacks Consensus Estimate for Vital Farms&#39; current financial-year earnings suggests growth of 72.9% from the year-ago reported numbers.
Freshpet, Inc., a pet food company, has a trailing four-quarter earnings surprise of 132.9%, on average. FRPT currently carries a Zacks Rank #2.
The Zacks Consensus Estimate for Freshpet&#39;s current financial-year sales and earnings indicates growth of 26.1% and 251.4%, respectively, from the prior-year reported level.
<a href="https://www.zacks.com/stock/news/2321548/newell-nwl-stock-declines-22-in-3-months-can-it-rebound?cid=CS-BENZ-FT-analyst_blog|rank_focused-2321548">To read this article on Zacks.com click here.</a>

CHEF

Newell Stock Declines 22% in 3 Months: Can it Rebound?

Benchmark analyst John Lawrence reiterates Freshpet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FRPT#NASDAQ">FRPT</a>) with a Buy and maintains $150 price target.

Reiteration

Benchmark Reiterates Buy on Freshpet, Maintains $150 Price Target

Freshpet, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FRPT#NASDAQ">FRPT</a>) reported better-than-expected second-quarter <a href="https://www.benzinga.com/news/earnings/24/08/40159298/freshpet-shares-surge-on-upgraded-2024-guidance-details-here">earnings results on Monday.</a>
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 Cyr, Freshpet's Chief Executive Officer. "We are raising our net sales and Adjusted EBITDA guidance for the year to reflect our outperformance in the first half, as well as our conviction in our ability to execute in the second half of the year."
For the full year 2024, the company is updating its guidance to expect net sales of at least $965 million (estimate: $960.58 million), a 26% increase from 2023, up from the previous estimate of at least $950 million.
Freshpet shares gained 5.2% to trade at $127.77 on Tuesday.
These analysts made changes to their price targets on Freshpet following earnings announcement.
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5aa1c1e3b023000001ad34b5/peter-benedict">Baird analyst Peter Benedict</a> maintained Freshpet with an Outperform and raised the price target from $135 to $140.</li>
</ul>
Click below to see Benedict&#8217;s other recent ratings.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5aa1c1e3b023000001ad34b5/peter-benedict"><img loading="lazy" decoding="async" width="1024" height="399" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/06170354/peter-analyst-1024x399.png" alt="" class="wp-image-480104" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/06170354/peter-analyst-1024x399.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/06170354/peter-analyst-300x117.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/06170354/peter-analyst-768x299.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/06170354/peter-analyst.png 1436w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5e3019a9430dee0001c88a95/ken-goldman">JP Morgan analyst Ken Goldman</a> maintained Freshpet with a Neutral and boosted the price target from $113 to $126.</li>
</ul>
Click below to see Goldman&#8217;s other recent ratings.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5e3019a9430dee0001c88a95/ken-goldman"><img loading="lazy" decoding="async" width="1024" height="345" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/06170422/ken-analyst-1024x345.png" alt="" class="wp-image-480107" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/06170422/ken-analyst-1024x345.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/06170422/ken-analyst-300x101.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/06170422/ken-analyst-768x259.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/06170422/ken-analyst.png 1436w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Read More: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/08/40191584/wall-streets-most-accurate-analysts-say-buy-these-3-tech-and-telecom-stocks-with-over-5-">Wall Street&#8217;s Most Accurate Analysts Say Buy These 3 Tech And Telecom Stocks With Over 5% Dividend Yields</a></li>
</ul>

Freshpet Analysts Boost Their Forecasts Following Strong Q2 Results

JP Morgan analyst Ken Goldman maintains Freshpet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FRPT#NASDAQ">FRPT</a>) with a Neutral and raises the price target from $113 to $126.

JP Morgan Maintains Neutral on Freshpet, Raises Price Target to $126

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Piper Sandler cut the price target for CrowdStrike Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) from $310 to $290. Piper Sandler analyst Rob Owens upgraded the stock from Neutral to Overweight. CrowdStrike shares gained 1.9% to close at $222.05 on Monday. <a href="https://www.benzinga.com/quote/CRWD/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Deutsche Bank raised the price target for Palantir Technologies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) from $20 to $21. Deutsche Bank analyst Brad Zelnick maintained the stock with a Sell rating. Palantir shares fell 2.6% to close at $24.09 on Monday. <a href="https://www.benzinga.com/quote/PLTR/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Needham cut RxSight, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RXST#NASDAQ">RXST</a>) price target from $75 to $54. Needham analyst David Saxon maintained a Buy rating. RxSight shares fell 2.4% to close at $40.78 on Monday. <a href="https://www.benzinga.com/quote/RXST/analyst-ratings">See how other analysts view this stock.</a></li>
<li>B of A Securities raised the price target for Axsome Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AXSM#NASDAQ">AXSM</a>) from $95 to $106. B of A Securities analyst Jason Gerberry upgraded the stock from Neutral to Buy. Axsome Therapeutics shares fell 1.4% to close at $83.21 on Monday. <a href="https://www.benzinga.com/quote/AXSM/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Baird raised Freshpet, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FRPT#NASDAQ">FRPT</a>) price target from $135 to $140. Baird analyst Peter Benedict maintained an Outperform rating. Freshpet shares fell 0.6% to close at $121.41 on Monday. <a href="https://www.benzinga.com/quote/FRPT/analyst-ratings">See how other analysts view this stock.</a></li>
<li>JP Morgan raised Lithia Motors, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LAD#NYSE">LAD</a>) price target from $280 to $315. JP Morgan analyst Rajat Gupta maintained an Overweight rating. Lithia Motors shares fell 4.6% to close at $276.76 on Monday. <a href="https://www.benzinga.com/quote/LAD/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Needham raised the price target for EverQuote, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVER#NASDAQ">EVER</a>) from $30 to $38. Needham analyst Mayank Tandon maintained a Buy rating. EverQuote shares fell 3.5% to close at $23.96 on Monday. <a href="https://www.benzinga.com/quote/EVER/analyst-ratings">See how other analysts view this stock.</a></li>
<li>BMO Capital boosted Tyson Foods, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSN#NYSE">TSN</a>) price target from $58 to $60. BMO Capital analyst Andrew Strelzik maintained a Market Perform rating. Tyson shares rose 2.1% to close at $62.51 on Monday. <a href="https://www.benzinga.com/quote/TSN/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Truist Securities raised eBay Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EBAY#NASDAQ">EBAY</a>) price target from $50 to $58. Truist Securities analyst Youssef Squali maintained a Hold rating. EVgo shares fell 2.7% to close at $54.66 on Monday. <a href="https://www.benzinga.com/quote/EBAY/analyst-ratings">See how other analysts view this stock.</a></li>
<li>JP Morgan raised AutoNation, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AN#NYSE">AN</a>) price target from $155 to $160. JP Morgan analyst Rajat Gupta maintained a Neutral rating. AutoNation shares dipped 2.7% to close at $166.06 on Monday. <a href="https://www.benzinga.com/quote/AN/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Read More: 
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/08/40178833/dow-records-worst-day-in-around-2-years-mag-7-stocks-lose-650b-in-market-capitalization-greed-index">Dow Records Worst Day In Around 2 Years, Mag 7 Stocks Lose $650B In Market Capitalization: Greed Index Moves To &#8216;Extreme Fear&#8217; Zone</a></li>
</ul>

AXSM

CRWD

EBAY

EVER

PLTR

RXST

Lithia Motors To Rally Around 14%? Here Are 10 Top Analyst Forecasts For Tuesday

Baird analyst Peter Benedict maintains Freshpet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FRPT#NASDAQ">FRPT</a>) with a Outperform and raises the price target from $135 to $140.

Baird Maintains Outperform on Freshpet, Raises Price Target to $140

Freshpet, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FRPT#NASDAQ">FRPT</a>) shares rose in the premarket session after the company reported second-quarter earnings per share of $0.03 loss, <a target="_blank" href="http://benzinga.com/pressreleases/24/08/g40156067/freshpet-inc-reports-second-quarter-2024-financial-results" rel="noreferrer noopener">beating the analyst consensus of $0.08 loss.</a>
Quarterly sales of $235.253 million <a href="https://www.benzinga.com/earnings" target="_blank" rel="noreferrer noopener">beat the street view of $231.053 million.</a> Volume gains of 28.3% entirely drove the increase in net sales.
For the second quarter, adjusted gross profit was $108.0 million, or 45.9% as a percentage of net sales, compared to $73.0 million, or 39.8% as a percentage of net sales, for the prior year period.
As of June&nbsp;30, the company had cash and cash equivalents of $251.7 million, with $394.1 million of debt outstanding net of $8.4 million of unamortized debt issuance costs.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/earnings/24/08/40156555/sohu-com-q2-13-topline-growth-strong-online-game-sales-increased-mobile-users" rel="noreferrer noopener">Sohu.com Q2: 13% Topline Growth, Strong Online Game Sales, Increased Mobile Users</a>
&#8220;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,&#8221; commented Billy Cyr, Freshpet&#8217;s Chief Executive Officer. &#8220;We are raising our net sales and Adjusted EBITDA&nbsp;guidance&nbsp;for the year to reflect our outperformance in the first half, as well as our conviction in our ability to execute in the second half of the year.&#8221;
Outlook: For the full year 2024, the company is updating its guidance to expect net sales of at least $965 million (estimate: $960.58 million), a 26% increase from 2023, up from the previous estimate of at least&nbsp;$950 million.
Adjusted EBITDA is projected to be at least $140 million, an increase from the earlier guidance of $120 million.
Capital expenditures are now anticipated to be around $200 million, revised down from the previous estimate of $210 million.
Price Action: FRPT shares are trading higher by 6.47% to $130.00 premarket at last check Monday.
Photo via Pixabay
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/asia/24/08/40156460/bloodbath-in-asia-and-europe-japans-index-crashes-13-gold-near-record-highs-global-markets-update-wh" target="_blank" rel="noreferrer noopener">Bloodbath In Asia And Europe, Japan&#8217;s Index Crashes 13%; Gold Near Record Highs &#8211; Global Markets Update While US Slept</a></li>
</ul>

Equities

Guidance

Movers

General

Freshpet Shares Surge On Upgraded 2024 Guidance: Details Here

Freshpet Now Sees FY24 Net Sales Of At Least $965M Vs. Previous Guidance Of At Least $950M; Est $960.581M

Freshpet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FRPT#NASDAQ">FRPT</a>) reported quarterly losses of $(0.03) per share which beat the analyst consensus estimate of $(0.08) by 62.5 percent. This is a 91.43 percent increase over losses of $(0.35) per share from the same period last year. The company reported quarterly sales of $235.253 million which beat the analyst consensus estimate of $231.053 million by 1.82 percent. This is a 28.32 percent increase over sales of $183.331 million the same period last year.

Earnings Beats

Freshpet Q2 2024 GAAP EPS $(0.03) Beats $(0.08) Estimate, Sales $235.253M Beat $231.053M Estimate

Molson Coors Beverage Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tap#NYSE">TAP</a>) is expected to register top and bottom-line declines when it reports second-quarter 2024 earnings on Aug 6, before market open. The Zacks Consensus Estimate for the company&#39;s second-quarter revenues is pegged at $3.2 billion, suggesting a 2.7% decline from the prior-year period&#39;s reported figure.
The consensus mark for earnings has moved down by a penny in the past seven days to $1.68 per share, indicating a decline of 5.6% from the year-ago reported figure.
In the last reported quarter, this leading alcohol company delivered an earnings surprise of 33.8%. It has recorded an earnings surprise of 18.7%, on average, in the trailing four quarters.
<div class="chart_embed">
<h3>Molson Coors Beverage Company Price and EPS Surprise</h3>
<img alt="Molson Coors Beverage Company Price and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/25/1722608150.png" style="height:263px; width:536px" title="" />
Molson Coors Beverage Company price-eps-surprise | Molson Coors Beverage Company Quote
</div>
<h3>Key Factors to Note</h3>
Molson Coors has exhibited robust brand strength and success across its geographic segments, historically contributing to sales growth. The company&#39;s market share gains, driven by innovation and premiumization, have further bolstered its performance.
By expanding its portfolio with higher-margin, above-premium products like Simply Spiked Lemonade, Molson Coors has positioned itself to capitalize on growing consumer demand for premium beverages. Strategic investments in core brands and market share expansion are expected to have positively contributed to the top line in the to-be-reported quarter.
Molson Coors has been progressing well with its revitalization plan, aimed at achieving sustainable top-line growth by streamlining the organization and reinvesting in its brands and capabilities. The company has been focused on investing in iconic brands and exploring growth opportunities in the above-premium beer segment, while expanding into adjacent markets and beyond beer, without compromising support for its existing major brands. The progress made under this plan is expected to have favorably influenced Molson Coors&#39; second-quarter performance.
Additionally, Molson Coors has been enhancing its digital capabilities across commercial functions, supply-chain systems, and workforce training. The company&#39;s top line is expected to have benefited from pricing actions implemented to navigate the inflationary environment.
Molson Coors&#39; ongoing cost-saving initiatives, which focus on streamlining operations and reducing overheads, are expected to support financial health and allow for greater reinvestment in key marketing and sales activities. These efforts are anticipated to contribute to margin expansion in the to-be-reported quarter.
However, the company has been facing challenges, including cost inflation for raw materials and manufacturing expenses, as well as an unfavorable product mix. In the last reported quarter&#39;s earnings call, management expected inflationary pressures on COGS to persist into the second quarter. Additionally, the softness in the overall beer industry has been concerning.
<h3>Zacks Model</h3>
Our proven model does not conclusively predict an earnings beat for Molson Coors this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that is not the case here.
Molson Coors currently has a Zacks Rank #3 and an Earnings ESP of -1.29%.
<h3>Stocks With the Favorable Combination</h3>
Here are three companies that, per our model, have the right combination of elements to post an earnings beat:
Vital Farms (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vitl#NASDAQ">VITL</a>) has an Earnings ESP of +1.18% and currently flaunts a Zacks Rank #1. VITL is anticipated to register top and bottom-line growth when it reports second-quarter 2024 results. The Zacks Consensus Estimate for VITL&#39;s quarterly revenues is pegged at $143.8 million, indicating growth of 35% from the figure reported in the prior-year quarter.
The Zacks Consensus Estimate for Vital Farms&#39; earnings has moved down by a penny in the past 30 days to 21 cents per share. The consensus estimate suggests 40% growth from the prior-year quarter&#39;s reported figure. VITL has delivered an earnings surprise of 102.1%, on average, in the trailing four quarters.
Coty (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/coty#NYSE">COTY</a>) currently has an Earnings ESP of +22.73% and a Zacks Rank #3. The company is expected to register top and bottom-line growth when it reports second-quarter 2024 numbers. The Zacks Consensus Estimate for COTY&#39;s quarterly revenues is pegged at $1.4 billion, which suggests a rise of 1.8% from the prior-year quarter&#39;s reported figure.
The Zacks Consensus Estimate for COTY&#39;s quarterly earnings has been unchanged in the past 30 days at 5 cents per share. The estimate indicates a 400% gain from the year-ago reported quarter. COTY has delivered a negative earnings surprise of 22.2%, on average, in the trailing four quarters.
Freshpet (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/frpt#NASDAQ">FRPT</a>) has an Earnings ESP of +132.13% and a Zacks Rank #3 at present. FRPT is likely to register top and bottom-line growth when it releases second-quarter 2024 results. The Zacks Consensus Estimate for its quarterly revenues is pegged at $230.9 million, which implies a rise of 26% from the figure reported in the prior-year quarter.
The Zacks Consensus Estimate for Freshpet&#39;s bottom line has been unchanged at a loss per share of 9 cents in the past seven days. The estimate has significantly narrowed from a loss of 35 cents per share reported in the year-ago quarter. FRPT has delivered an earnings surprise of 118.2%, on average, in the trailing four quarters.
<a href="https://www.zacks.com/stock/news/2315562/can-molson-coors-tap-strategies-outrun-inflation-woes-in-q2?cid=CS-BENZ-FT-analyst_blog|earnings_preview-2315562">To read this article on Zacks.com click here.</a>

COTY

Can Molson Coors' Strategies Outrun Inflation Woes in Q2?

Citigroup analyst Thomas Palmer maintains Freshpet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FRPT#NASDAQ">FRPT</a>) with a Neutral and raises the price target from $124 to $129.

Citigroup Maintains Neutral on Freshpet, Raises Price Target to $129

Freshpet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FRPT#NASDAQ">FRPT</a>) has outperformed the market over the past 10 years by 9.22% on an annualized basis producing an average annual return of 20.11%. Currently, Freshpet has a market capitalization of $5.99 billion. 
Buying $1000 In FRPT: If an investor had bought $1000 of FRPT stock 10 years ago, it would be worth $6,246.47 today based on a price of $123.63 for FRPT at the time of writing.
<h3>Freshpet's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721235612_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much $1000 Invested In Freshpet 10 Years Ago Would Be Worth Today

Investor Ryan Cohen founded Chewy Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHWY#NYSE">CHWY</a>) back in 2011 as a play on the growing trend of pet supplies and pet health products. New data suggests Cohen may have been early to the trend, with spending on pet supplies <a href="https://www.benzinga.com/money/pet-insurance-stocks">and pet insurance</a> seeing a large increase.
What Happened: Serving as <a href="https://www.benzinga.com/news/23/07/33387242/ryan-cohen-mourns-loss-of-his-beloved-poodle-who-inspired-pet-supplies-store-chewy">CEO of Chewy </a>from 2011 to 2018, Cohen put an emphasis on the wide variety of pet products offered to consumers online and providing strong customer service.
Cohen sold Chewy to PetSmart in 2017 for $3.35 billion in the largest e-commerce acquisition at the time.
The investor may have been early to seeing trends in the pet sector, as a recent Similarweb <a href="https://www.similarweb.com/blog/insights/ecommerce-news/pet-health-supplies-trending/">report </a>shows the pet supply category growing 22% over the last 12 months.
Helping drive the trend are pet health products, as most consumers treat their pets like family members. This means they are willing to spend on necessary medication or food options for their pets.
Similarweb said the trend has also spilled over into premium categories like high-end pet spas, pet specific hotels, gourmet pet foods and health supplements.
The report shows dogs leading the way when it comes to pets, with a 24.7% year-over-year increase in the dog category. Many of the top keywords in the pet category in the report are specific to dogs.
Cats aren't far behind with a 23% year-over-year increase in category-related revenue, according to the report.
Read Also: <a href="https://www.benzinga.com/general/entertainment/22/03/26309140/is-ryan-cohen-becoming-the-millennial-generations-warren-buffett">Is Gamestop&#8217;s Ryan Cohen Becoming The Millennial Generation&#8217;s Warren Buffett?</a>
Why It's Important: While Cohen may not benefit from the current trends in the pet sector, he was likely ahead of his time and a revolutionary entrepreneur for the industry. By focusing on specific products and enabling pet owners to have pet food, supplies, and health products shipped to their doors, he paved the way for the sector&#8217;s growth.
One investor who could benefit from the pet sector growth <a href="https://www.benzinga.com/news/24/07/39601962/whats-going-on-with-chewy-stock-today">is Chewy investor</a> Keith Gill, aka Roaring Kitty. The noted meme stock investor has been a firm believer in Cohen as a past investor in video game retailer GameStop Corporation, where Cohen is the CEO.
While Chewy could stand out as the winner with the pet sector growing, there are several other pet related stocks that could benefit in the coming years, covering areas like e-commerce, pet insurance and more.
<ul>
<li>Freshpet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FRPT#NASDAQ">FRPT</a>)</li>
<li>Trupanion (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRUP#NASDAQ">TRUP</a>)</li>
<li>Bark Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BARK#NYSE">BARK</a>)</li>
<li>Petco Health and Wellness Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WOOF#NASDAQ">WOOF</a>)</li>
<li>Lemonade Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMND#NYSE">LMND</a>)</li>
<li>PetMed Express (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PETS#NASDAQ">PETS</a>)</li>
</ul>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/12/36142175/meme-king-ryan-cohen-now-able-to-trade-stocks-with-gamestop-funds">Meme King Ryan Cohen Now Able To Trade Stocks With GameStop Funds</a></li>
</ul>
Photo: Courtesy of Bill Jerome on Flickr

BARK

CHWY

LMND

PETS

TRUP

WOOF

Ryan Cohen The GOAT? Fresh Data Shows Chewy Mastermind Anticipated Massive Trends In Pet Supplies

United Natural Foods, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/unfi#NYSE">UNFI</a>) demonstrates its resilience through strong dedication to digital innovation and improvements in its supply chain. The leading food provider is actively engaged in a comprehensive transformation journey centered around various strategic initiatives. However, UNFI is bearing the brunt of macroeconomic factors, including inflationary pressures.
Let&#39;s delve deeper.
<h3>Strength in E-commerce Business</h3>
United Natural&#39;s sales are being positively impacted by its strong presence in e-commerce, supported by expanded solutions offered across its Independents and Chains channels. These offerings include digital platforms tailored to meet customer needs. The company&#39;s value-added supplier program, UNFI Insights, has been a success. The launch of Community Marketplace, a digital B2B e-commerce solution aimed at emerging brands, further enhances distribution opportunities with customers.
<h3>Enhancing Supply-Chain</h3>
UNFI is actively enhancing its supply chain processes and management disciplines to drive growth. The company&#39;s efforts have led to significant reductions in shrinkage, contributing positively to both financial performance and operational efficiency. Notably, the improved wholesale margin in third-quarter fiscal 2024 reflects ongoing shrinkage improvements, approaching pre-COVID levels of approximately 30 basis points as a percentage of sales. It anticipates further opportunities to reduce shrinkage, thereby enhancing profitability while maintaining strong relationships with customers and suppliers.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/14/71198.jpg?v=970883209" />
Image Source: Zacks Investment Research
<h3>Transformation on Track</h3>
United Natural is actively engaged in a comprehensive transformation journey that involves several strategic elements. The company is advancing toward improving margins and enhancing cash flow generation through targeted efforts in four key areas &mdash; expanding and intensifying network optimization, reducing annual capital expenditures, optimizing cost structures and cutting net working capital.
As part of this initiative, management is implementing short-term value-creation projects expected to enhance operational efficiencies. Building on the progress achieved in the past year, the company aims to refine its expense structure further, aiming for efficiencies comparable to the $150 million already realized. This optimization effort includes a cohesive and strategic approach to customer and supplier engagements, alongside better alignment of corporate resources in accordance with the updated strategy.
It intends to allocate around $300 million towards capital expenditures in the fiscal 2025, focusing on maintenance, targeted network enhancements and technology upgrades. This strategy aims to optimize resource allocation, bolster the overall business and balance sheet and enhance capacity for strategic investments in higher-margin segments such as services.
<h3>Hurdles on the Way</h3>
United Natural has been witnessing a challenging industry backdrop in the past few quarters. Consumers are buying less to manage their budgets and shifting away from traditional grocery stores, possibly seeking more affordable options like discount stores, bulk buys or online shopping. Third-quarter fiscal 2024 net sales declined slightly, thanks to lower unit volumes.
UNFI is bearing the brunt of weakness in the Retail business, a trend that persisted in the fiscal third quarter. The company&#39;s retail business faced challenges due to significant price sensitivity among consumers in the retail markets. We note that factors like economic pressures, reduced government assistance, changing consumer behavior and increased competition are affecting consumer spending, which is a concern.
That being said, United Natural&#39;s emphasis on the benefits mentioned above is expected to continue driving its growth narrative. The Zacks Rank #3 (Hold) company&#39;s shares have increased 29.3% in the past three months against the industry&#39;s decline of 4%.
<h3>Key Staple Picks</h3>
Vital Farms Inc.&nbsp;offers a range of produced pasture-raised foods. It currently sports a Zacks Rank #1 (Strong Buy). VITL has a trailing four-quarter average earnings surprise of 102.1%.
The Zacks Consensus Estimate for Vital Farms&#39; current financial-year sales and earnings indicates growth of 22.6% and 62.7%, respectively, from year-ago reported numbers.
Freshpet, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/frpt#NASDAQ">FRPT</a>), a pet food company, has a trailing four-quarter earnings surprise of 118.2%, on average. FRPT currently sports a Zacks Rank #1.
The Zacks Consensus Estimate for Freshpet&#39;s current financial-year sales and earnings indicates growth of 24.8% and 177.1%, respectively, from the prior-year reported level.
Treehouse Foods (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ths#NYSE">THS</a>) is a manufacturer of packaged foods and beverages. The company currently has a Zacks Rank #2 (Buy).
The Zacks Consensus Estimate for Treehouse Foods&#39; current financial-year sales and earnings indicates a decline of 1.6% and 8.5%, respectively, from the prior-year reported level. THS has a negative trailing four-quarter average earnings surprise of 4.5%.
<a href="https://www.zacks.com/stock/news/2300917/united-natural-unfi-gains-on-strong-e-commerce-amid-setbacks?cid=CS-BENZ-FT-analyst_blog|rank_focused-2300917">To read this article on Zacks.com click here.</a>

UNFI

United Natural Gains on Strong E-Commerce Amid Setbacks

Analyst Robert Moskow of TD Cowen maintained a Buy rating on Freshpet (FRPT – Research Report), boosting the price target to $160.00. Robert Moskow...

Freshpet's Strategic Hiring and Strong Growth Prospects Justify a Buy Rating and Higher Price Target

50 stocks to invest during the bull steepening – Part 2

Robert Moskow, an analyst from TD Cowen, maintained the Buy rating on Freshpet (FRPT – Research Report). The associated price target remains the sa...

Buy Rating Affirmed for Freshpet Amid Strong Growth and Margin Expansion Potential

Freshpet: Building A Tasty Competitive Edge To Strengthen Growth And Profitability

In a report released today, John Lawrence from Benchmark Co. maintained a Buy rating on Freshpet (FRPT – Research Report), with a price target of $...

Benchmark Co. Reaffirms Their Buy Rating on Freshpet (FRPT)

The Top Five long crowded stocks in each U.S. sector

Freshpet ( ($FRPT) ) just unveiled an update. Freshpet, Inc. successfully conducted their Annual Meeting on October 1, 2024, where shareholders app...

Freshpet's Annual Meeting Approves Incentives and Governance

In a report released today, Thomas Palmer from Citi maintained a Buy rating on Freshpet (FRPT – Research Report). The company's shares closed yeste...

Citi Reaffirms Their Buy Rating on Freshpet (FRPT)

Wells Fargo analyst Marc Torrente maintained a Buy rating on Freshpet (FRPT – Research Report) yesterday and set a price target of $157.00. The com...

Wells Fargo Sticks to Their Buy Rating for Freshpet (FRPT)

Mark Astrachan, an analyst from Stifel Nicolaus, maintained the Buy rating on Freshpet (FRPT – Research Report). The associated price target was ra...

Optimistic Growth and Expansion Outlook for Freshpet: Buy Rating Reaffirmed by Mark Astrachan

ALGN

BATRA

BATRK

BIPC

BOOT

BRBR

CACI

CELH

CWST

DOLE

ELAN

EXLS

FTAI

GATO

GKOS

GMED

GOOD

HNST

HSIC

IMUX

JAZZ

KREF

KRON

MASI

MNDY

MTDR

NMRK

NWSA

PCTY

PNTG

PRAX

RBLX

RYAM

SHOP

SMWB

SPOT

TTSH

UBER

ZETA

ZUMZ

Screenshot 2024-02-27 at 6.34.08 PM

Emerging Markets

More Millennials Are Opting For Pets Over Children As Pet Industry Continues To Grow

Press Releases

Freshpet, Inc. to Report First Quarter 2024 Results on Monday, May 6, 2024

Freshpet, Inc. Reports First Quarter 2024 Financial Results

Freshpet, Inc. to Participate in the Deutsche Bank Global Consumer Conference

Freshpet, Inc. to Report Second Quarter 2024 Results on Monday, August 5, 2024

Freshpet, Inc. Reports Second Quarter 2024 Financial Results

Freshpet, Inc. to Participate in Upcoming Investor Conferences

Freshpet Appoints Nicki Baty as Chief Operating Officer

Freshpet, Inc. Announces Inducement Grant Under NASDAQ Listing Rule 5635(c)(4)

PROUD PET PARENTS TEAM UP WITH GLOBAL SUPERSTAR MEGHAN TRAINOR AND FRESHPET TO SUPPORT ANIMAL SHELTERS

Comments

Freshpet

Vendite allo scoperto

Freshpet (NASDAQ:FRPT) Azioni, Report sulle vendite allo scoperto

Notizie

PARTNER/COLLABORATORE

BENZINGA NEL MONDO