Freshpet (NASDAQ:FRPT) Reaches New 52-Week 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.

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

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on FRPT shares. Wall Street Zen raised shares of Freshpet from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Wells Fargo & Company lowered their target price on Freshpet from $100.00 to $88.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 9th. TD Cowen lowered Freshpet from a "buy" rating to a "hold" rating and set a $96.00 target price on the stock. in a research report on Wednesday, May 28th. Benchmark reaffirmed a "buy" rating and set a $95.00 price target (down from $120.00) on shares of Freshpet in a research note on Tuesday, August 5th. Finally, Zacks Research upgraded Freshpet from a "strong sell" rating to a "hold" rating in a report on Friday. Eight equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Freshpet currently has an average rating of "Hold" and a consensus price target of $109.29.

Freshpet Stock Performance

The company has a current ratio of 4.81, a quick ratio of 3.75 and a debt-to-equity ratio of 0.40. The firm has a fifty day simple moving average of $68.08 and a 200 day simple moving average of $80.92. The stock has a market cap of $2.79 billion, a price-to-earnings ratio of 85.19, a PEG ratio of 1.11 and a beta of 1.77.

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, beating the consensus estimate 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 analyst estimates of $269.75 million. During the same quarter in the previous year, the firm posted ($0.03) EPS. The business'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, sell-side analysts expect that Freshpet, Inc. will post 1.55 earnings per share for the current year.

Institutional Investors Weigh In On Freshpet

Large investors have recently modified their holdings of the stock. Vident Advisory LLC boosted its stake in Freshpet by 4.0% in the fourth quarter. Vident Advisory LLC now owns 2,111 shares of the company's stock worth $313,000 after purchasing an additional 82 shares in the last quarter. State Board of Administration of Florida Retirement System increased its stake in shares of Freshpet by 0.4% in the second quarter. State Board of Administration of Florida Retirement System now owns 42,582 shares of the company's stock valued at $2,894,000 after buying an additional 160 shares in the last quarter. Maryland State Retirement & Pension System raised its holdings in shares of Freshpet by 1.2% in the second quarter. Maryland State Retirement & Pension System now owns 16,510 shares of the company's stock valued at $1,122,000 after buying an additional 189 shares during the last quarter. Elequin Capital LP acquired a new position in Freshpet during the 4th quarter worth about $29,000. Finally, Tidal Investments LLC grew its holdings in Freshpet by 10.4% during the 4th quarter. Tidal Investments LLC now owns 2,174 shares of the company's stock worth $322,000 after acquiring an additional 205 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.