Freshpet, Inc. (NASDAQ:FRPT) Receives Average Recommendation of "Moderate Buy" from Brokerages

Freshpet, Inc. (NASDAQ:FRPT - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the fourteen analysts that are covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $127.86.

Several equities analysts have commented on FRPT shares. Truist Financial cut shares of Freshpet from a "buy" rating to a "hold" rating and decreased their price target for the company from $90.00 to $80.00 in a research report on Wednesday, April 30th. Stifel Nicolaus lowered their target price on shares of Freshpet from $135.00 to $115.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Wells Fargo & Company dropped their target price on Freshpet from $110.00 to $100.00 and set an "overweight" rating on the stock in a report on Tuesday, May 6th. JPMorgan Chase & Co. dropped their target price on Freshpet from $91.00 to $85.00 and set a "neutral" rating on the stock in a report on Tuesday, May 6th. Finally, Robert W. Baird dropped their target price on Freshpet from $125.00 to $115.00 and set an "outperform" rating on the stock in a report on Tuesday, May 6th.

Freshpet Stock Performance

NASDAQ:FRPT traded up $0.68 during mid-day trading on Friday, hitting $80.40. The company's stock had a trading volume of 650,325 shares, compared to its average volume of 877,152. Freshpet has a 1 year low of $71.19 and a 1 year high of $164.07. The company has a debt-to-equity ratio of 0.41, a current ratio of 4.72 and a quick ratio of 3.91. The stock has a market cap of $3.92 billion, a price-to-earnings ratio of 85.53 and a beta of 1.85. The business's fifty day moving average is $80.21 and its two-hundred day moving average is $116.65.

Freshpet (NASDAQ:FRPT - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.04). The company had revenue of $263.25 million for the quarter, compared to analyst estimates of $265.57 million. Freshpet had a return on equity of 3.92% and a net margin of 4.81%. The firm's revenue for the quarter was up 17.6% on a year-over-year basis. During the same quarter last year, the company earned $0.37 EPS. Analysts anticipate that Freshpet will post 1.55 EPS for the current fiscal year.

Institutional Trading of Freshpet

Institutional investors have recently made changes to their positions in the stock. Banque Transatlantique SA acquired a new stake in shares of Freshpet during the first quarter worth approximately $25,000. Elequin Capital LP acquired a new stake in Freshpet in the fourth quarter valued at approximately $29,000. Geneos Wealth Management Inc. lifted its stake in Freshpet by 302.0% in the fourth quarter. Geneos Wealth Management Inc. now owns 201 shares of the company's stock valued at $30,000 after acquiring an additional 151 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in Freshpet by 130.9% in the fourth quarter. Jones Financial Companies Lllp now owns 217 shares of the company's stock valued at $32,000 after acquiring an additional 123 shares during the last quarter. Finally, WPG Advisers LLC acquired a new stake in Freshpet in the first quarter valued at approximately $34,000.

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.