Freshpet (NASDAQ:FRPT) Shares Down 2.3% - Time to Sell?

Freshpet, Inc. (NASDAQ:FRPT - Get Free Report) shares fell 2.3% during trading on Tuesday . The company traded as low as $87.11 and last traded at $87.26. 271,104 shares changed hands during mid-day trading, a decline of 61% from the average session volume of 686,798 shares. The stock had previously closed at $89.32.

Analyst Ratings Changes

FRPT has been the subject of several research analyst reports. Jefferies Financial Group raised Freshpet from a "hold" rating to a "buy" rating and dropped their price target for the stock from $155.00 to $150.00 in a research note on Monday, February 24th. Wells Fargo & Company dropped their target price on Freshpet from $170.00 to $142.00 and set an "overweight" rating for the company in a research report on Friday, February 21st. Stifel Nicolaus cut their target price on Freshpet from $155.00 to $135.00 and set a "buy" rating for the company in a research note on Monday, March 10th. JPMorgan Chase & Co. decreased their price target on shares of Freshpet from $154.00 to $102.00 and set an "overweight" rating on the stock in a research note on Monday, March 10th. Finally, Piper Sandler lowered their price objective on shares of Freshpet from $180.00 to $160.00 and set an "overweight" rating for the company in a report on Friday, February 21st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat, Freshpet presently has an average rating of "Moderate Buy" and a consensus target price of $151.67.

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Freshpet Trading Up 0.3 %

The company has a current ratio of 4.72, a quick ratio of 3.91 and a debt-to-equity ratio of 0.41. The firm has a market cap of $4.22 billion, a PE ratio of 92.17 and a beta of 1.58. The firm has a fifty day simple moving average of $125.96 and a two-hundred day simple moving average of $137.87.

Freshpet (NASDAQ:FRPT - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.36 EPS for the quarter, hitting analysts' consensus estimates of $0.36. The company had revenue of $262.71 million during the quarter, compared to analyst estimates of $275.46 million. Freshpet had a return on equity of 3.92% and a net margin of 4.81%. Equities analysts forecast 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 bought and sold shares of the stock. Elequin Capital LP bought a new stake in Freshpet during the 4th quarter valued at approximately $29,000. Geneos Wealth Management Inc. boosted its position in shares of Freshpet by 302.0% during the fourth quarter. Geneos Wealth Management Inc. now owns 201 shares of the company's stock valued at $30,000 after purchasing an additional 151 shares in the last quarter. Jones Financial Companies Lllp boosted its position in shares of Freshpet by 130.9% during the fourth 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 purchased a new stake in Freshpet in the third quarter worth $32,000. Finally, R Squared Ltd bought a new position in Freshpet in the fourth quarter worth $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.