Freshpet (NASDAQ:FRPT) Shares Down 5.2% - Time to Sell?

Key Points

• Freshpet's shares dropped by 5.2%, trading at $59.34, a decline driven by an 84% fall in trading volume compared to its average.
• Analysts have mixed reviews, with price targets and ratings ranging from an "outperform" at $115 to a "sell" at $65, resulting in a consensus target price of $109.29.
• Despite the recent downturn, Freshpet reported a quarterly revenue increase of 12.5% year-over-year, with earnings beating estimates at $0.33 per share.

Freshpet, Inc. (NASDAQ:FRPT - Get Free Report) shares were down 5.2% during trading on Monday . The company traded as low as $59.82 and last traded at $59.34. Approximately 217,552 shares were traded during trading, a decline of 84% from the average daily volume of 1,330,165 shares. The stock had previously closed at $62.62.

Analyst Ratings Changes

A number of research analysts recently commented on FRPT shares. UBS Group started coverage on Freshpet in a research note on Monday, June 16th. They set a "sell" rating and a $65.00 price objective for the company. Wall Street Zen raised Freshpet from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. TD Cowen cut Freshpet from a "buy" rating to a "hold" rating and set a $96.00 price target for the company. in a research note on Wednesday, May 28th. Truist Financial decreased their price target on Freshpet from $80.00 to $70.00 and set a "hold" rating for the company in a research note on Tuesday, August 5th. Finally, Benchmark reissued a "buy" rating and issued a $95.00 price target (down previously from $120.00) on shares of Freshpet in a research note on Tuesday, August 5th. Eight analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $109.29.

Freshpet Stock Performance

The firm has a market capitalization of $2.72 billion, a PE ratio of 83.31, a P/E/G ratio of 1.00 and a beta of 1.77. 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 firm has a fifty day moving average price of $66.85 and a 200 day moving average price of $79.58.

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

Institutional Investors Weigh In On Freshpet

Several hedge funds have recently modified their holdings of the stock. Susquehanna Fundamental Investments LLC purchased a new stake in Freshpet in the 4th quarter worth about $670,000. Northern Trust Corp lifted its stake in Freshpet by 14.7% in the 4th quarter. Northern Trust Corp now owns 408,633 shares of the company's stock worth $60,523,000 after acquiring an additional 52,284 shares in the last quarter. Schonfeld Strategic Advisors LLC purchased a new stake in Freshpet in the 4th quarter worth about $1,774,000. Freestone Grove Partners LP purchased a new stake in Freshpet in the 4th quarter worth about $4,944,000. Finally, Algert Global LLC lifted its stake in Freshpet by 53.1% in the 4th quarter. Algert Global LLC now owns 72,444 shares of the company's stock worth $10,730,000 after acquiring an additional 25,140 shares in the last quarter.

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.