Freshpet (NASDAQ:FRPT) Reaches New 1-Year Low - Here's Why

Freshpet, Inc. (NASDAQ:FRPT - Get Free Report) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $70.89 and last traded at $73.16, with a volume of 141372 shares traded. The stock had previously closed at $74.27.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. TD Cowen cut Freshpet from a "buy" rating to a "hold" rating and set a $96.00 target price for the company. in a research note on Wednesday, May 28th. Wells Fargo & Company reduced their price objective on shares of Freshpet from $110.00 to $100.00 and set an "overweight" rating for the company in a report on Tuesday, May 6th. UBS Group initiated coverage on Freshpet in a research report on Monday. They issued a "sell" rating and a $65.00 price target for the company. Stifel Nicolaus set a $90.00 target price on Freshpet and gave the company a "buy" rating in a research report on Thursday. Finally, Robert W. Baird dropped their price objective on Freshpet from $125.00 to $115.00 and set an "outperform" rating on the stock in a research note on Tuesday, May 6th. Two analysts have rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $122.00.

Freshpet Trading Down 2.4%

The company has a quick ratio of 3.91, a current ratio of 4.72 and a debt-to-equity ratio of 0.41. The firm's 50-day simple moving average is $79.40 and its 200-day simple moving average is $110.39. The firm has a market capitalization of $3.53 billion, a PE ratio of 76.97 and a beta of 1.86.

Freshpet (NASDAQ:FRPT - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The company reported $0.09 EPS for the quarter, missing analysts' consensus estimates of $0.13 by ($0.04). Freshpet had a return on equity of 3.92% and a net margin of 4.81%. The company had revenue of $263.25 million during the quarter, compared to the consensus estimate of $265.57 million. During the same period in the prior year, the firm earned $0.37 earnings per share. The business's revenue for the quarter was up 17.6% compared to the same quarter last year. Equities 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 modified their holdings of the stock. Banque Transatlantique SA bought a new stake in Freshpet during the first quarter worth approximately $25,000. Elequin Capital LP purchased a new stake in Freshpet during the fourth quarter valued at approximately $29,000. Jones Financial Companies Lllp grew its stake in shares of Freshpet by 130.9% during the fourth quarter. Jones Financial Companies Lllp now owns 217 shares of the company's stock worth $32,000 after acquiring an additional 123 shares during the last quarter. WPG Advisers LLC acquired a new position in shares of Freshpet in the 1st quarter valued at $34,000. Finally, IFP Advisors Inc purchased a new position in Freshpet during the 4th quarter worth approximately $43,000.

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.

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