Freshpet (NASDAQ:FRPT) Stock Rating Lowered by Truist Financial

Freshpet (NASDAQ:FRPT - Get Free Report) was downgraded by investment analysts at Truist Financial from a "buy" rating to a "hold" rating in a report issued on Wednesday, MarketBeat.com reports. They currently have a $80.00 price objective on the stock, down from their previous price objective of $90.00. Truist Financial's price objective points to a potential upside of 0.11% from the company's current price.

FRPT has been the subject of a number of other research reports. Jefferies Financial Group raised shares of Freshpet from a "hold" rating to a "buy" rating and decreased their target price for the company from $155.00 to $150.00 in a research report on Monday, February 24th. Wells Fargo & Company reduced their price objective on Freshpet from $142.00 to $110.00 and set an "overweight" rating for the company in a report on Wednesday, April 2nd. Oppenheimer downgraded shares of Freshpet from an "outperform" rating to a "market perform" rating in a research report on Tuesday, March 11th. Citigroup cut their target price on Freshpet from $155.00 to $142.00 and set a "neutral" rating for the company in a research note on Wednesday, February 12th. Finally, Benchmark reduced their price target on Freshpet from $195.00 to $140.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $138.80.

Freshpet Stock Up 4.7 %

Shares of NASDAQ FRPT traded up $3.56 during mid-day trading on Wednesday, reaching $79.92. The company had a trading volume of 1,236,611 shares, compared to its average volume of 827,703. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.91 and a current ratio of 4.72. Freshpet has a 12-month low of $71.19 and a 12-month high of $164.07. The stock has a fifty day moving average of $83.76 and a two-hundred day moving average of $124.11. The company has a market capitalization of $3.89 billion, a price-to-earnings ratio of 84.55 and a beta of 1.85.

Freshpet (NASDAQ:FRPT - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.36 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.36. Freshpet had a net margin of 4.81% and a return on equity of 3.92%. The business had revenue of $262.71 million for the quarter, compared to the consensus estimate of $275.46 million. As a group, equities research analysts expect that Freshpet will post 1.55 EPS for the current year.

Hedge Funds Weigh In On Freshpet

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