Freshpet (NASDAQ:FRPT) Reaches New 12-Month Low - What's Next?

Key Points

• Freshpet (NASDAQ:FRPT) shares hit a 12-month low at $60.08 during trading, closing at $60.90 after substantial trading volume.
• Analysts have mixed perspectives on the stock, with an average price target of $109.29 and eight buy ratings compared to one sell rating.
• The company reported a 12.5% year-over-year revenue increase in its last quarterly earnings, showing promise despite challenging market conditions.

Freshpet, Inc. (NASDAQ:FRPT - Get Free Report) shares reached a new 52-week low on Thursday . The stock traded as low as $60.08 and last traded at $60.90, with a volume of 1001214 shares traded. The stock had previously closed at $62.30.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on FRPT shares. Benchmark reiterated a "buy" rating and issued a $95.00 target price (down previously from $120.00) on shares of Freshpet in a research note on Tuesday, August 5th. Wells Fargo & Company reduced their target price on shares of Freshpet from $100.00 to $88.00 and set an "overweight" rating for the company in a research note on Wednesday, July 9th. Truist Financial reduced their target price on shares of Freshpet from $80.00 to $70.00 and set a "hold" rating for the company in a research note on Tuesday, August 5th. JPMorgan Chase & Co. started coverage on shares of Freshpet in a research note on Wednesday. They issued a "neutral" rating and a $70.00 target price for the company. Finally, DA Davidson set a $101.00 target price on shares of Freshpet in a research note on Thursday, August 7th. Eight analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Freshpet presently has a consensus rating of "Moderate Buy" and a consensus price target of $109.29.

Freshpet Stock Performance

The stock has a market capitalization of $3.05 billion, a PE ratio of 93.46, a P/E/G ratio of 1.11 and a beta of 1.77. The company has a debt-to-equity ratio of 0.40, a current ratio of 4.81 and a quick ratio of 3.75. The business's fifty day moving average price is $68.40 and its 200-day moving average price is $82.02.

Freshpet (NASDAQ:FRPT - Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The company reported $0.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.12 by $0.21. Freshpet had a net margin of 3.23% and a return on equity of 4.82%. The firm had revenue of $264.69 million for the quarter, compared to the consensus estimate of $269.75 million. During the same period in the prior year, the firm posted ($0.03) earnings per share. The company's revenue for the quarter was up 12.5% on a year-over-year basis. Freshpet has set its FY 2025 guidance at EPS. As a group, equities research analysts expect that Freshpet, Inc. will post 1.55 EPS for the current year.

Institutional Investors Weigh In On Freshpet

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. State of Wyoming purchased a new stake in Freshpet in the second quarter valued at approximately $34,000. Public Sector Pension Investment Board raised its stake in Freshpet by 8.0% in the second quarter. Public Sector Pension Investment Board now owns 166,251 shares of the company's stock valued at $11,298,000 after purchasing an additional 12,361 shares in the last quarter. FORA Capital LLC purchased a new stake in Freshpet in the second quarter valued at approximately $471,000. Tower Research Capital LLC TRC raised its stake in Freshpet by 466.0% in the second quarter. Tower Research Capital LLC TRC now owns 3,668 shares of the company's stock valued at $249,000 after purchasing an additional 3,020 shares in the last quarter. Finally, Captrust Financial Advisors raised its stake in Freshpet by 102.3% in the second quarter. Captrust Financial Advisors now owns 7,256 shares of the company's stock valued at $493,000 after purchasing an additional 3,670 shares in the last quarter.

About Freshpet

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.