Shares of Freshpet, Inc. (NASDAQ:FRPT - Get Free Report) fell 2.5% on Tuesday . The company traded as low as $83.22 and last traded at $82.41. 96,723 shares traded hands during trading, a decline of 89% from the average session volume of 867,546 shares. The stock had previously closed at $84.50.
Analyst Ratings Changes
A number of equities analysts have commented on FRPT shares. Stifel Nicolaus decreased their price objective on shares of Freshpet from $135.00 to $115.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Truist Financial downgraded shares of Freshpet from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $90.00 to $80.00 in a report on Wednesday, April 30th. Jefferies Financial Group raised shares of Freshpet from a "hold" rating to a "buy" rating and decreased their price objective for the stock from $155.00 to $150.00 in a report on Monday, February 24th. JPMorgan Chase & Co. decreased their price objective on shares of Freshpet from $91.00 to $85.00 and set a "neutral" rating for the company in a report on Tuesday, May 6th. Finally, Oppenheimer downgraded shares of Freshpet from an "outperform" rating to a "market perform" rating in a report on Tuesday, March 11th. One research analyst has rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, Freshpet currently has a consensus rating of "Moderate Buy" and a consensus price target of $133.43.
View Our Latest Research Report on FRPT
Freshpet Trading Down 3.1%
The business's 50 day moving average is $80.58 and its two-hundred day moving average is $117.68. The company has a quick ratio of 3.91, a current ratio of 4.72 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $4.00 billion, a P/E ratio of 87.24 and a beta of 1.85.
Freshpet (NASDAQ:FRPT - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The company reported $0.09 earnings per share for the quarter, missing analysts' consensus estimates of $0.13 by ($0.04). Freshpet had a net margin of 4.81% and a return on equity of 3.92%. The company had revenue of $263.25 million for the quarter, compared to the consensus estimate of $265.57 million. During the same quarter in the prior year, the firm earned $0.37 earnings per share. Freshpet's revenue for the quarter was up 17.6% compared to the same quarter last year. Analysts expect that Freshpet, Inc. will post 1.55 EPS for the current year.
Institutional Investors Weigh In On Freshpet
A number of hedge funds and other institutional investors have recently modified their holdings of FRPT. Lecap Asset Management Ltd. bought a new stake in Freshpet in the fourth quarter worth about $817,000. Principal Financial Group Inc. raised its position in Freshpet by 36.4% in the fourth quarter. Principal Financial Group Inc. now owns 107,657 shares of the company's stock worth $15,945,000 after acquiring an additional 28,743 shares in the last quarter. Victory Capital Management Inc. raised its position in Freshpet by 1.7% in the fourth quarter. Victory Capital Management Inc. now owns 135,629 shares of the company's stock worth $20,088,000 after acquiring an additional 2,291 shares in the last quarter. Ensign Peak Advisors Inc raised its position in Freshpet by 7.4% in the fourth 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 in the last quarter. Finally, Natixis Advisors LLC raised its position in Freshpet by 406.4% in the fourth quarter. Natixis Advisors LLC now owns 53,066 shares of the company's stock worth $7,860,000 after acquiring an additional 42,587 shares in the last quarter.
Freshpet Company Profile
(
Get Free Report)
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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