UBS Group Has Lowered Expectations for Freshpet (NASDAQ:FRPT) Stock Price

Key Points

• UBS Group has reduced its price target for Freshpet (NASDAQ:FRPT) from $65.00 to $48.00, indicating a potential downside of 13.15% from the stock's previous close.
• Multiple analysts currently rate Freshpet stock as "Hold" with an average target price of $108.07, while UBS has assigned it a "sell" rating.
• Freshpet's recent quarterly earnings showed a significant EPS increase to $0.33, surpassing the consensus estimate, although reported revenues fell slightly short of analyst expectations.

Freshpet (NASDAQ:FRPT - Get Free Report) had its price objective lowered by UBS Group from $65.00 to $48.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has a "sell" rating on the stock. UBS Group's target price points to a potential downside of 13.15% from the stock's previous close.

FRPT has been the topic of several other research reports. TD Cowen cut Freshpet from a "buy" rating to a "hold" rating and set a $96.00 price objective on the stock. in a report on Wednesday, May 28th. DA Davidson set a $101.00 price target on Freshpet in a research report on Thursday, August 7th. Stifel Nicolaus set a $90.00 price objective on shares of Freshpet and gave the stock a "buy" rating in a research report on Thursday, June 12th. Wall Street Zen upgraded shares of Freshpet from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Finally, Benchmark reiterated a "buy" rating and issued a $95.00 price target (down from $120.00) on shares of Freshpet in a report on Tuesday, August 5th. Eight analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $108.07.

Freshpet Trading Up 3.8%

NASDAQ:FRPT opened at $55.27 on Monday. The stock has a market capitalization of $2.70 billion, a price-to-earnings ratio of 82.49, a PEG ratio of 0.98 and a beta of 1.72. Freshpet has a 1 year low of $52.27 and a 1 year high of $164.07. The stock has a fifty day moving average price of $65.33 and a two-hundred day moving average price of $76.36. The company has a debt-to-equity ratio of 0.40, a quick ratio of 3.75 and a current ratio of 4.81.

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

Hedge Funds Weigh In On Freshpet

Large investors have recently modified their holdings of the stock. Wasatch Advisors LP raised its stake in Freshpet by 41.0% during the second quarter. Wasatch Advisors LP now owns 3,839,332 shares of the company's stock valued at $260,921,000 after buying an additional 1,116,217 shares in the last quarter. Champlain Investment Partners LLC raised its holdings in shares of Freshpet by 41.5% during the second quarter. Champlain Investment Partners LLC now owns 2,568,954 shares of the company's stock worth $174,586,000 after purchasing an additional 753,070 shares during the period. Armistice Capital LLC bought a new position in shares of Freshpet in the 1st quarter worth about $59,630,000. AQR Capital Management LLC boosted its holdings in shares of Freshpet by 278.5% in the 2nd quarter. AQR Capital Management LLC now owns 859,981 shares of the company's stock valued at $58,444,000 after buying an additional 632,756 shares during the period. Finally, Engaged Capital LLC acquired a new stake in Freshpet during the second quarter worth about $42,076,000.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.