Freshpet (NASDAQ:FRPT) Sets New 12-Month Low - Should You Sell?

Key Points

• Freshpet's stock price recently hit a new 52-week low, trading as low as $55.08, with a current market price of $56.18.
• Recent analyst ratings show a mix of sentiment, with eight analysts rating the stock as a buy, six as hold, and one as a sell, while the average price target is $109.29.
• The company reported an earnings per share (EPS) of $0.33 for the last quarter, beating analysts' expectations of $0.12, despite revenue being slightly below consensus estimates.

Freshpet, Inc. (NASDAQ:FRPT - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $55.08 and last traded at $56.18, with a volume of 2161 shares changing hands. The stock had previously closed at $55.82.

Wall Street Analyst Weigh In

FRPT has been the subject of several recent research reports. Robert W. Baird cut their price objective on Freshpet from $125.00 to $115.00 and set an "outperform" rating for the company in a report on Tuesday, May 6th. Wall Street Zen raised Freshpet from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Wells Fargo & Company decreased their target price on Freshpet from $100.00 to $88.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 9th. Stifel Nicolaus set a $90.00 target price on Freshpet and gave the stock a "buy" rating in a research report on Thursday, June 12th. Finally, Zacks Research raised Freshpet from a "strong sell" rating to a "hold" rating in a research report on Friday, August 22nd. Eight equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Freshpet currently has a consensus rating of "Hold" and an average price target of $109.29.

Freshpet Trading Down 2.8%

The company has a debt-to-equity ratio of 0.40, a current ratio of 4.81 and a quick ratio of 3.75. The stock has a 50-day moving average price of $66.54 and a two-hundred day moving average price of $78.33. The stock has a market cap of $2.65 billion, a PE ratio of 81.02, a price-to-earnings-growth ratio of 0.99 and a beta of 1.72.

Freshpet (NASDAQ:FRPT - Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The company reported $0.33 EPS for the quarter, beating analysts' consensus estimates of $0.12 by $0.21. Freshpet had a net margin of 3.23% and a return on equity of 4.82%. The firm had revenue of $264.69 million during the quarter, compared to the consensus estimate of $269.75 million. During the same quarter last year, the firm earned ($0.03) EPS. The firm's revenue for the quarter was up 12.5% compared to the same quarter last year. Freshpet has set its FY 2025 guidance at EPS. Sell-side analysts forecast that Freshpet, Inc. will post 1.55 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Freshpet

Institutional investors have recently bought and sold shares of the business. Vident Advisory LLC grew its holdings in Freshpet by 4.0% in the fourth quarter. Vident Advisory LLC now owns 2,111 shares of the company's stock worth $313,000 after purchasing an additional 82 shares during the last quarter. State Board of Administration of Florida Retirement System grew its holdings in Freshpet by 0.4% in the second quarter. State Board of Administration of Florida Retirement System now owns 42,582 shares of the company's stock worth $2,894,000 after purchasing an additional 160 shares during the last quarter. Maryland State Retirement & Pension System grew its holdings in Freshpet by 1.2% in the second quarter. Maryland State Retirement & Pension System now owns 16,510 shares of the company's stock worth $1,122,000 after purchasing an additional 189 shares during the last quarter. Elequin Capital LP purchased a new stake in shares of Freshpet during the fourth quarter valued at $29,000. Finally, Tidal Investments LLC grew its holdings in shares of Freshpet by 10.4% during the fourth quarter. Tidal Investments LLC now owns 2,174 shares of the company's stock valued at $322,000 after buying an additional 205 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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