Freshpet (NASDAQ:FRPT) Stock Price Down 1.5% - Should You Sell?

Freshpet, Inc. (NASDAQ:FRPT - Get Free Report) shares dropped 1.5% on Tuesday . The stock traded as low as $93.88 and last traded at $94.65. Approximately 392,427 shares traded hands during trading, a decline of 65% from the average daily volume of 1,106,451 shares. The stock had previously closed at $96.13.

Wall Street Analyst Weigh In

FRPT has been the topic of several recent research reports. Piper Sandler cut their price objective on shares of Freshpet from $180.00 to $160.00 and set an "overweight" rating on the stock in a research report on Friday, February 21st. Oppenheimer cut their price objective on shares of Freshpet from $180.00 to $140.00 and set an "outperform" rating on the stock in a research report on Monday, February 24th. Stifel Nicolaus cut their price objective on shares of Freshpet from $165.00 to $155.00 and set a "buy" rating on the stock in a research report on Friday, February 21st. Jefferies Financial Group raised shares of Freshpet from a "hold" rating to a "buy" rating and cut their price objective for the company from $155.00 to $150.00 in a research report on Monday, February 24th. Finally, Truist Financial reissued a "buy" rating and issued a $140.00 price target (down previously from $170.00) on shares of Freshpet in a research report on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $156.47.

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Freshpet Price Performance

The stock's 50-day moving average is $137.83 and its 200-day moving average is $141.13. The firm has a market cap of $4.72 billion, a P/E ratio of 103.04 and a beta of 1.42. The company has a quick ratio of 3.91, a current ratio of 4.72 and a debt-to-equity ratio of 0.41.

Freshpet (NASDAQ:FRPT - Get Free Report) last announced its earnings results on Thursday, February 20th. The company reported $0.36 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates 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 analyst estimates of $275.46 million. As a group, equities analysts anticipate that Freshpet, Inc. will post 1.55 EPS for the current fiscal year.

Institutional Investors Weigh In On Freshpet

Institutional investors have recently bought and sold shares of the business. Elequin Capital LP acquired a new stake in Freshpet during the fourth quarter worth $29,000. Geneos Wealth Management Inc. boosted its stake in Freshpet by 302.0% during the fourth quarter. Geneos Wealth Management Inc. now owns 201 shares of the company's stock worth $30,000 after buying an additional 151 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Freshpet during the third quarter worth $32,000. Jones Financial Companies Lllp boosted 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 buying an additional 123 shares in the last quarter. Finally, R Squared Ltd acquired a new stake in Freshpet during the fourth quarter worth $39,000.

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.