Freshpet (NASDAQ:FRPT) Shares Up 4.7% - What's Next?

Freshpet, Inc. (NASDAQ:FRPT - Get Free Report)'s stock price was up 4.7% during trading on Monday . The company traded as high as $79.81 and last traded at $79.92. Approximately 1,236,611 shares were traded during mid-day trading, an increase of 49% from the average daily volume of 827,854 shares. The stock had previously closed at $76.36.

Wall Street Analysts Forecast Growth

FRPT has been the subject of several research analyst reports. Jefferies Financial Group raised shares of Freshpet from a "hold" rating to a "buy" rating and reduced their price objective for the stock from $155.00 to $150.00 in a report on Monday, February 24th. Citigroup lowered their price objective on Freshpet from $155.00 to $142.00 and set a "neutral" rating on the stock in a report on Wednesday, February 12th. Wells Fargo & Company lowered their price target on Freshpet from $110.00 to $100.00 and set an "overweight" rating on the stock in a research note on Tuesday. Robert W. Baird cut their target price on Freshpet from $125.00 to $115.00 and set an "outperform" rating for the company in a research note on Tuesday. Finally, Truist Financial cut shares of Freshpet from a "buy" rating to a "hold" rating and dropped their price objective for the company from $90.00 to $80.00 in a research note on Wednesday, April 30th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $135.73.

Freshpet Trading Up 0.7 %

The stock has a market capitalization of $4.03 billion, a price-to-earnings ratio of 87.85 and a beta of 1.85. The company has a fifty day moving average of $81.88 and a two-hundred day moving average of $122.72. The company has a current ratio of 4.72, a quick ratio of 3.91 and a debt-to-equity ratio of 0.41.

Freshpet (NASDAQ:FRPT - Get Free Report) last announced its earnings results 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). The company had revenue of $263.25 million during the quarter, compared to the consensus estimate of $265.57 million. Freshpet had a return on equity of 3.92% and a net margin of 4.81%. The company's revenue was up 17.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.37 earnings per share. On average, research analysts expect that Freshpet, Inc. will post 1.55 EPS for the current year.

Hedge Funds Weigh In On Freshpet

A number of institutional investors have recently added to or reduced their stakes in the company. Elequin Capital LP acquired a new stake in shares of Freshpet during the 4th quarter worth approximately $29,000. Geneos Wealth Management Inc. grew its stake in shares of Freshpet by 302.0% in the 4th quarter. Geneos Wealth Management Inc. now owns 201 shares of the company's stock valued at $30,000 after buying an additional 151 shares during the period. Jones Financial Companies Lllp increased its position in Freshpet by 130.9% in the 4th quarter. Jones Financial Companies Lllp now owns 217 shares of the company's stock valued at $32,000 after buying an additional 123 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in Freshpet in the third quarter worth approximately $32,000. Finally, R Squared Ltd bought a new position in Freshpet in the fourth quarter worth approximately $39,000.

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.