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

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Wells Fargo & Company cut their price target on Freshpet from $110.00 to $100.00 and set an "overweight" rating on the stock in a report on Tuesday, May 6th. Benchmark decreased their price target on shares of Freshpet from $140.00 to $120.00 and set a "buy" rating for the company in a research report on Tuesday, May 6th. Truist Financial cut shares of Freshpet from a "buy" rating to a "hold" rating and lowered their price target for the company from $90.00 to $80.00 in a report on Wednesday, April 30th. Stifel Nicolaus set a $90.00 price objective on shares of Freshpet and gave the stock a "buy" rating in a research note on Thursday, June 12th. Finally, TD Cowen downgraded shares of 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. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $122.00.

Freshpet Stock Down 0.3%

The company has a debt-to-equity ratio of 0.41, a current ratio of 4.91 and a quick ratio of 3.92. The business's fifty day moving average price is $78.80 and its two-hundred day moving average price is $108.73. The stock has a market capitalization of $3.50 billion, a PE ratio of 231.35, a price-to-earnings-growth ratio of 1.20 and a beta of 1.86.

Freshpet (NASDAQ:FRPT - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.04). The firm had revenue of $263.25 million for the quarter, compared to analysts' expectations of $265.57 million. Freshpet had a net margin of 1.54% and a return on equity of 3.16%. The firm's revenue for the quarter was up 17.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.37 EPS. On average, equities research analysts forecast that Freshpet, Inc. will post 1.55 EPS for the current fiscal year.

Institutional Trading of Freshpet

Institutional investors and hedge funds have recently bought and sold shares of the business. Rhumbline Advisers increased its stake in shares of Freshpet by 131.0% in the first quarter. Rhumbline Advisers now owns 106,438 shares of the company's stock worth $8,852,000 after acquiring an additional 60,352 shares during the period. United Services Automobile Association purchased a new stake in Freshpet in the first quarter valued at $247,000. Jones Financial Companies Lllp grew its position in Freshpet by 734.1% during the 1st quarter. Jones Financial Companies Lllp now owns 1,810 shares of the company's stock worth $151,000 after purchasing an additional 1,593 shares during the period. Scientech Research LLC acquired a new stake in Freshpet during the 1st quarter worth about $783,000. Finally, Jacobs Levy Equity Management Inc. purchased a new position in shares of Freshpet during the 1st quarter valued at about $5,296,000.

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.