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

Key Points

• Freshpet's stock reached a new 12-month low at $61.12, down from a previous close of $63.29, with a trading volume of 964,197 shares.
• Analysts have set varied price targets for Freshpet, with estimates ranging from $85.00 to $101.00, reflecting mixed ratings including buy, hold, and sell from different firms.
• The company's latest earnings report showed a significant EPS of $0.33, beating expectations, and a 12.5% increase in quarterly revenue compared to the previous year.

Shares of Freshpet, Inc. (NASDAQ:FRPT - Get Free Report) hit a new 52-week low on Friday . The company traded as low as $61.12 and last traded at $61.36, with a volume of 964197 shares trading hands. The stock had previously closed at $63.29.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on FRPT shares. DA Davidson set a $101.00 price target on Freshpet in a research report on Thursday, August 7th. JPMorgan Chase & Co. decreased their target price on shares of Freshpet from $91.00 to $85.00 and set a "neutral" rating for the company in a research report on Tuesday, May 6th. TD Cowen lowered shares of Freshpet from a "buy" rating to a "hold" rating and set a $96.00 target price for the company. in a report on Wednesday, May 28th. Robert W. Baird reduced their target price on Freshpet from $125.00 to $115.00 and set an "outperform" rating for the company in a research note on Tuesday, May 6th. Finally, Benchmark reaffirmed a "buy" rating and issued a $95.00 price target (down from $120.00) on shares of Freshpet in a research note on Tuesday, August 5th. One analyst has rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, Freshpet has an average rating of "Hold" and a consensus target price of $110.36.

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's fifty day moving average price is $70.32 and its 200-day moving average price is $86.54. The firm has a market cap of $2.99 billion, a price-to-earnings ratio of 91.40, a PEG ratio of 1.13 and a beta of 1.77.

Freshpet (NASDAQ:FRPT - Get Free Report) last posted its earnings results on Monday, August 4th. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.21. The business had revenue of $264.69 million during the quarter, compared to the consensus estimate of $269.75 million. Freshpet had a return on equity of 4.82% and a net margin of 3.23%. The business's quarterly revenue was up 12.5% on a year-over-year basis. During the same period in the previous year, the business earned ($0.03) EPS. Analysts expect that Freshpet, Inc. will post 1.55 earnings per share for the current year.

Institutional Investors Weigh In On Freshpet

Institutional investors and hedge funds have recently made changes to their positions in the business. Vident Advisory LLC grew its stake in shares of Freshpet by 4.0% during the 4th quarter. Vident Advisory LLC now owns 2,111 shares of the company's stock worth $313,000 after purchasing an additional 82 shares during the period. Freedom Investment Management Inc. grew its position in Freshpet by 5.3% during the fourth quarter. Freedom Investment Management Inc. now owns 1,678 shares of the company's stock worth $249,000 after buying an additional 84 shares during the period. Treasurer of the State of North Carolina increased its holdings in Freshpet by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 20,462 shares of the company's stock valued at $3,031,000 after buying an additional 120 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its position in shares of Freshpet by 0.4% during the 2nd 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 acquiring an additional 160 shares during the period. Finally, Maryland State Retirement & Pension System boosted its stake in shares of Freshpet by 1.2% during the 2nd quarter. Maryland State Retirement & Pension System now owns 16,510 shares of the company's stock worth $1,122,000 after acquiring an additional 189 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.

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