Freshpet, Inc. (NASDAQ:FRPT) Given Average Rating of "Moderate Buy" by Analysts

Shares of Freshpet, Inc. (NASDAQ:FRPT - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the fourteen brokerages that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $119.14.

Several brokerages have recently issued reports on FRPT. Stifel Nicolaus set a $90.00 price objective on shares of Freshpet and gave the stock a "buy" rating in a research note on Thursday, June 12th. Robert W. Baird lowered their price objective on shares of Freshpet from $125.00 to $115.00 and set an "outperform" rating on the stock in a research note on Tuesday, May 6th. UBS Group began coverage on shares of Freshpet in a research note on Monday, June 16th. They issued a "sell" rating and a $65.00 price objective on the stock. Benchmark lowered their price objective on shares of Freshpet from $140.00 to $120.00 and set a "buy" rating on the stock in a research note on Tuesday, May 6th. Finally, Piper Sandler lowered their price objective on shares of Freshpet from $160.00 to $145.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 25th.

Freshpet Stock Down 3.3%

Shares of NASDAQ:FRPT opened at $68.39 on Friday. The stock has a market capitalization of $3.34 billion, a price-to-earnings ratio of 220.61, a price-to-earnings-growth ratio of 1.14 and a beta of 1.79. Freshpet has a 1-year low of $66.75 and a 1-year high of $164.07. The company's fifty day moving average is $77.06 and its two-hundred day moving average is $99.86. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.92 and a current ratio of 4.91.

Freshpet (NASDAQ:FRPT - Get Free Report) last announced its earnings results on Monday, May 5th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.13 by ($0.04). Freshpet had a net margin of 1.54% and a return on equity of 3.16%. The company had revenue of $263.25 million during the quarter, compared to the consensus estimate of $265.57 million. During the same quarter in the prior year, the company earned $0.37 EPS. The business's quarterly revenue was up 17.6% on a year-over-year basis. Equities analysts anticipate that Freshpet will post 1.55 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Diversified Trust Co lifted its holdings in shares of Freshpet by 49.1% during the second quarter. Diversified Trust Co now owns 20,047 shares of the company's stock valued at $1,362,000 after acquiring an additional 6,600 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Freshpet by 148.2% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 13,712 shares of the company's stock valued at $984,000 after acquiring an additional 8,187 shares during the period. Pallas Capital Advisors LLC bought a new position in shares of Freshpet during the second quarter valued at $272,000. E. Ohman J or Asset Management AB lifted its holdings in shares of Freshpet by 38.1% during the second quarter. E. Ohman J or Asset Management AB now owns 18,136 shares of the company's stock valued at $1,233,000 after acquiring an additional 5,000 shares during the period. Finally, Rhumbline Advisers lifted its holdings in shares of Freshpet by 131.0% during the first quarter. Rhumbline Advisers now owns 106,438 shares of the company's stock valued at $8,852,000 after acquiring an additional 60,352 shares during the period.

Freshpet Company Profile

Freshpet, Inc, together with its subsidiaries, manufactures, distributes, and markets natural fresh meals and treats for dogs and cats in the United States, Canada, and Europe. It sells dog food, cat food, and dog treats under the Freshpet brand name; and Dognation and Dog Joy labels through various classes of retail, including grocery, mass, club, pet specialty, and natural, as well as online.

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