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

Freshpet, Inc. (NASDAQ:FRPT - Get Free Report) 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 traded. The stock had previously closed at $71.60.

Analyst Ratings Changes

FRPT has been the subject of several analyst reports. UBS Group initiated coverage on shares of Freshpet in a report on Monday, June 16th. They set a "sell" rating and a $65.00 price target for the company. Benchmark reduced their target price on shares of Freshpet from $140.00 to $120.00 and set a "buy" rating for the company in a research note on Tuesday, May 6th. Wells Fargo & Company dropped their price target on shares of Freshpet from $110.00 to $100.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 6th. 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. Finally, Truist Financial downgraded 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. 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 company. According to data from MarketBeat, Freshpet currently has an average rating of "Hold" and a consensus target price of $122.00.

Freshpet Stock Up 0.2%

The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.92 and a current ratio of 4.91. The company has a market cap of $3.34 billion, a P/E ratio of 220.61, a P/E/G ratio of 1.13 and a beta of 1.86. The stock has a 50 day moving average price of $77.98 and a 200 day moving average price of $105.85.

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 the consensus estimate of $0.13 by ($0.04). Freshpet had a return on equity of 3.16% and a net margin of 1.54%. The business had revenue of $263.25 million during the quarter, compared to the consensus estimate of $265.57 million. During the same quarter last year, the firm posted $0.37 earnings per share. Freshpet's revenue was up 17.6% compared to the same quarter last year. Research analysts expect that Freshpet, Inc. will post 1.55 earnings per share for the current fiscal year.

Institutional Trading of Freshpet

Several institutional investors and hedge funds have recently added to or reduced their stakes in FRPT. Victory Capital Management Inc. increased its holdings in shares of Freshpet by 1.7% in the fourth quarter. Victory Capital Management Inc. now owns 135,629 shares of the company's stock valued at $20,088,000 after buying an additional 2,291 shares in the last quarter. Ensign Peak Advisors Inc grew its holdings in shares of Freshpet by 7.4% in the 4th quarter. Ensign Peak Advisors Inc now owns 98,481 shares of the company's stock worth $14,586,000 after acquiring an additional 6,776 shares during the last quarter. Natixis Advisors LLC raised its position in shares of Freshpet by 406.4% during the fourth quarter. Natixis Advisors LLC now owns 53,066 shares of the company's stock worth $7,860,000 after purchasing an additional 42,587 shares during the period. Fisher Asset Management LLC lifted its holdings in shares of Freshpet by 20.9% during the fourth quarter. Fisher Asset Management LLC now owns 176,912 shares of the company's stock valued at $26,202,000 after purchasing an additional 30,549 shares during the last quarter. Finally, Sei Investments Co. lifted its holdings in shares of Freshpet by 46.1% during the fourth quarter. Sei Investments Co. now owns 314,705 shares of the company's stock valued at $46,610,000 after purchasing an additional 99,241 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.