Freshpet (NASDAQ:FRPT) Stock Price Down 4.5% - Time to Sell?

Freshpet, Inc. (NASDAQ:FRPT - Get Free Report)'s share price dropped 4.5% on Wednesday . The company traded as low as $69.63 and last traded at $68.98. Approximately 61,081 shares were traded during trading, a decline of 93% from the average daily volume of 910,010 shares. The stock had previously closed at $72.20.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on FRPT. Piper Sandler reduced 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. Wells Fargo & Company dropped their price target on Freshpet from $110.00 to $100.00 and set an "overweight" rating for the company in a research note on Tuesday, May 6th. Robert W. Baird cut their price target on shares of Freshpet from $125.00 to $115.00 and set an "outperform" rating on the stock in a report on Tuesday, May 6th. 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 report on Wednesday, May 28th. Finally, Oppenheimer downgraded Freshpet from an "outperform" rating to a "market perform" rating in a report on Tuesday, March 11th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Freshpet has a consensus rating of "Hold" and a consensus price target of $122.00.

Freshpet Price Performance

The firm has a 50-day moving average of $78.34 and a 200-day moving average of $106.68. The stock has a market cap of $3.39 billion, a PE ratio of 223.78, a PEG ratio of 1.20 and a beta of 1.86. The company has a debt-to-equity ratio of 0.41, a current ratio of 4.91 and a quick ratio of 3.92.

Freshpet (NASDAQ:FRPT - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.04). The company 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 quarterly revenue was up 17.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.37 EPS. Research analysts predict that Freshpet, Inc. will post 1.55 EPS for the current year.

Institutional Trading of Freshpet

A number of large investors have recently added to or reduced their stakes in the company. Banque Transatlantique SA bought a new position in Freshpet during the first quarter valued at $25,000. Elequin Capital LP purchased a new position in Freshpet in the fourth quarter worth about $29,000. Jones Financial Companies Lllp increased its stake in Freshpet by 130.9% during the fourth quarter. Jones Financial Companies Lllp now owns 217 shares of the company's stock worth $32,000 after acquiring an additional 123 shares during the last quarter. WPG Advisers LLC purchased a new stake in Freshpet during the first quarter valued at approximately $34,000. Finally, IFP Advisors Inc purchased a new stake in Freshpet during the fourth quarter valued at approximately $43,000.

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.

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