Freshpet (NASDAQ:FRPT) Earns Sell Rating from Analysts at UBS Group

UBS Group started coverage on shares of Freshpet (NASDAQ:FRPT - Free Report) in a report published on Monday, MarketBeat.com reports. The firm issued a sell rating and a $65.00 price objective on the stock.

FRPT has been the topic of a number of other reports. Wells Fargo & Company reduced their price objective on shares of Freshpet from $110.00 to $100.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 6th. Piper Sandler reduced 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. Robert W. Baird reduced 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. Truist Financial downgraded shares of Freshpet from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $90.00 to $80.00 in a research note on Wednesday, April 30th. Finally, Jefferies Financial Group upgraded shares of Freshpet from a "hold" rating to a "buy" rating and reduced their price objective for the stock from $155.00 to $150.00 in a research note on Monday, February 24th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $122.00.

Freshpet Stock Performance

Shares of FRPT stock traded down $0.20 on Monday, hitting $71.72. The company's stock had a trading volume of 1,245,741 shares, compared to its average volume of 902,127. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.92 and a current ratio of 4.91. The stock's 50 day moving average is $78.93 and its 200-day moving average is $109.30. Freshpet has a fifty-two week low of $70.65 and a fifty-two week high of $164.07. The company has a market capitalization of $3.50 billion, a PE ratio of 231.35, a PEG ratio of 1.20 and a beta of 1.86.

Freshpet (NASDAQ:FRPT - Get Free Report) last announced its quarterly earnings data 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). The firm had revenue of $263.25 million for the quarter, compared to analyst estimates of $265.57 million. Freshpet had a return on equity of 3.16% and a net margin of 1.54%. The company's quarterly revenue was up 17.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.37 earnings per share. Equities research analysts expect that Freshpet will post 1.55 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in Freshpet by 12.3% in the 1st quarter. Vanguard Group Inc. now owns 5,223,695 shares of the company's stock valued at $434,455,000 after buying an additional 571,139 shares during the last quarter. Wellington Management Group LLP raised its holdings in Freshpet by 8.1% in the 1st quarter. Wellington Management Group LLP now owns 2,616,205 shares of the company's stock valued at $217,590,000 after buying an additional 196,882 shares during the last quarter. Champlain Investment Partners LLC raised its holdings in Freshpet by 9.6% in the 1st quarter. Champlain Investment Partners LLC now owns 1,815,884 shares of the company's stock valued at $151,027,000 after buying an additional 158,416 shares during the last quarter. Riverbridge Partners LLC raised its holdings in Freshpet by 18.0% in the 1st quarter. Riverbridge Partners LLC now owns 1,026,829 shares of the company's stock valued at $85,401,000 after buying an additional 156,583 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in Freshpet by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 844,744 shares of the company's stock valued at $127,446,000 after buying an additional 9,081 shares during the last quarter.

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.