Freshpet (NASDAQ:FRPT) Sets New 52-Week Low - What's Next?

Freshpet, Inc. (NASDAQ:FRPT - Get Free Report)'s share price hit a new 52-week low on Monday . The stock traded as low as $66.77 and last traded at $66.86, with a volume of 1013640 shares. The stock had previously closed at $71.79.

Analysts Set New Price Targets

A number of research firms have recently commented on FRPT. Stifel Nicolaus set a $90.00 price objective on shares of Freshpet and gave the company a "buy" rating in a research note 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. TD Cowen lowered shares of Freshpet from a "buy" rating to a "hold" rating and set a $96.00 price objective for the company. in a research note on Wednesday, May 28th. Robert W. Baird cut their target price on shares of Freshpet from $125.00 to $115.00 and set an "outperform" rating on the stock in a research note on Tuesday, May 6th. Finally, 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 note on Tuesday, May 6th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat.com, Freshpet has a consensus rating of "Hold" and a consensus price target of $121.20.

Freshpet Price Performance

The stock has a market cap of $3.45 billion, a PE ratio of 228.23, a P/E/G ratio of 1.17 and a beta of 1.79. 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 business has a 50 day moving average price of $77.22 and a two-hundred day moving average price of $100.70.

Freshpet (NASDAQ:FRPT - Get Free Report) last posted its quarterly earnings data 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). 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 analysts' expectations of $265.57 million. During the same period in the prior year, the firm posted $0.37 EPS. The firm's revenue for the quarter was up 17.6% on a year-over-year basis. Research analysts expect that Freshpet, Inc. will post 1.55 earnings per share for the current fiscal year.

Institutional Trading of Freshpet

Hedge funds have recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp increased its stake in shares of Freshpet by 130.9% during the 4th quarter. Jones Financial Companies Lllp now owns 217 shares of the company's stock worth $32,000 after purchasing an additional 123 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in Freshpet in the 4th quarter worth about $43,000. Victory Capital Management Inc. raised its stake in Freshpet by 1.7% in the 4th quarter. Victory Capital Management Inc. now owns 135,629 shares of the company's stock valued at $20,088,000 after acquiring an additional 2,291 shares during the period. Atria Investments Inc lifted its holdings in Freshpet by 4.2% during the fourth quarter. Atria Investments Inc now owns 5,261 shares of the company's stock valued at $779,000 after purchasing an additional 212 shares during the last quarter. Finally, M&T Bank Corp boosted its position in Freshpet by 3.2% during the fourth quarter. M&T Bank Corp now owns 2,253 shares of the company's stock worth $333,000 after purchasing an additional 70 shares during the period.

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.