Freshpet (NASDAQ:FRPT) Hits New 12-Month Low - Time to Sell?

Key Points

• Freshpet's stock reached a new 52-week low of $55.77 during trading, closing at $58.08, which represents a significant drop from previous levels.
• Despite the recent decline in stock price, Wall Street analysts maintain a consensus rating of "Hold" with an average target price of $109.29, indicating potential for recovery.
• Freshpet reported quarterly earnings of $0.33 per share, exceeding expectations, although revenue of $264.69 million fell short of analysts' predictions; this reflects a year-over-year revenue growth of 12.5%.

Freshpet, Inc. (NASDAQ:FRPT - Get Free Report)'s stock price hit a new 52-week low during trading on Wednesday . The company traded as low as $55.77 and last traded at $58.08, with a volume of 1703795 shares changing hands. The stock had previously closed at $56.29.

Wall Street Analyst Weigh In

FRPT has been the subject of a number of recent research reports. Wall Street Zen upgraded Freshpet from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Stifel Nicolaus set a $90.00 price objective on Freshpet and gave the company a "buy" rating in a research report on Thursday, June 12th. Robert W. Baird cut their price objective on Freshpet from $125.00 to $115.00 and set an "outperform" rating for the company in a research report on Tuesday, May 6th. DA Davidson set a $101.00 target price on Freshpet in a report on Thursday, August 7th. Finally, Truist Financial reduced their target price on Freshpet from $80.00 to $70.00 and set a "hold" rating for the company in a report on Tuesday, August 5th. Eight equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $109.29.

Freshpet Price Performance

The company has a quick ratio of 3.75, a current ratio of 4.81 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $2.72 billion, a price-to-earnings ratio of 83.31, a P/E/G ratio of 0.99 and a beta of 1.77. The stock's 50 day moving average price is $66.85 and its two-hundred day moving average price is $79.21.

Freshpet (NASDAQ:FRPT - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The company reported $0.33 earnings per share 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 business 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 business posted ($0.03) earnings per share. Freshpet's revenue for the quarter was up 12.5% compared to the same quarter last year. Freshpet has set its FY 2025 guidance at EPS. Analysts anticipate that Freshpet, Inc. will post 1.55 EPS for the current fiscal year.

Hedge Funds Weigh In On Freshpet

Hedge funds have recently modified their holdings of the stock. Amalgamated Bank increased its stake in shares of Freshpet by 450.6% in the first quarter. Amalgamated Bank now owns 14,823 shares of the company's stock worth $1,233,000 after acquiring an additional 12,131 shares during the last quarter. Principal Financial Group Inc. increased its position in Freshpet by 124.0% during the first quarter. Principal Financial Group Inc. now owns 241,196 shares of the company's stock worth $20,060,000 after buying an additional 133,539 shares during the last quarter. Impax Asset Management Group plc increased its position in Freshpet by 40.0% during the first quarter. Impax Asset Management Group plc now owns 70,000 shares of the company's stock worth $5,822,000 after buying an additional 20,000 shares during the last quarter. Ensign Peak Advisors Inc increased its position in Freshpet by 7.4% during the fourth quarter. Ensign Peak Advisors Inc now owns 98,481 shares of the company's stock worth $14,586,000 after buying an additional 6,776 shares during the last quarter. Finally, Deutsche Bank AG increased its position in Freshpet by 31.6% during the first quarter. Deutsche Bank AG now owns 282,840 shares of the company's stock worth $23,524,000 after buying an additional 67,866 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.