Freshpet (NASDAQ:FRPT) Reaches New 52-Week Low - Should You Sell?

Freshpet, Inc. (NASDAQ:FRPT - Get Free Report)'s share price hit a new 52-week low on Tuesday . The stock traded as low as $70.35 and last traded at $73.05, with a volume of 742437 shares. The stock had previously closed at $71.60.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on FRPT shares. Wells Fargo & Company decreased their price target on Freshpet from $110.00 to $100.00 and set an "overweight" rating for the company in a report on Tuesday, May 6th. Stifel Nicolaus set a $90.00 target price on Freshpet and gave the stock a "buy" rating in a report on Thursday, June 12th. Piper Sandler cut their price target on Freshpet from $160.00 to $145.00 and set an "overweight" rating on the stock in a report on Tuesday, March 25th. Truist Financial downgraded shares of Freshpet from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $90.00 to $80.00 in a research report on Wednesday, April 30th. Finally, TD Cowen downgraded shares of 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. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, Freshpet currently has an average rating of "Hold" and a consensus target price of $122.00.

Freshpet Price Performance

The business has a 50-day moving average price of $78.48 and a 200 day moving average price of $106.92. The stock has a market cap of $3.52 billion, a PE ratio of 232.90, a PEG ratio of 1.24 and a beta of 1.86. The company has a current ratio of 4.91, a quick ratio of 3.92 and a debt-to-equity ratio of 0.41.

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

Hedge Funds Weigh In On Freshpet

A number of large investors have recently modified their holdings of FRPT. Principal Securities Inc. bought a new stake in Freshpet in the fourth quarter valued at approximately $85,000. Principal Financial Group Inc. grew its holdings in Freshpet by 36.4% in the 4th quarter. Principal Financial Group Inc. now owns 107,657 shares of the company's stock worth $15,945,000 after acquiring an additional 28,743 shares during the last quarter. CIBC Asset Management Inc purchased a new position in shares of Freshpet in the fourth quarter valued at about $221,000. Truist Financial Corp increased its position in shares of Freshpet by 3.1% in the fourth quarter. Truist Financial Corp now owns 7,743 shares of the company's stock valued at $1,147,000 after acquiring an additional 230 shares during the period. Finally, Ieq Capital LLC raised its stake in shares of Freshpet by 35.1% during the fourth quarter. Ieq Capital LLC now owns 3,632 shares of the company's stock valued at $538,000 after acquiring an additional 944 shares during 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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