Freshpet (NASDAQ:FRPT) Stock Price Up 1.8% - What's Next?

Freshpet, Inc. (NASDAQ:FRPT - Get Free Report)'s share price shot up 1.8% on Thursday . The stock traded as high as $86.95 and last traded at $87.26. 181,876 shares were traded during mid-day trading, a decline of 74% from the average session volume of 695,447 shares. The stock had previously closed at $85.70.

Analyst Ratings Changes

A number of analysts have issued reports on FRPT shares. Stifel Nicolaus cut their price objective on shares of Freshpet from $155.00 to $135.00 and set a "buy" rating for the company in a report on Monday, March 10th. Jefferies Financial Group raised Freshpet from a "hold" rating to a "buy" rating and reduced their price target for the stock from $155.00 to $150.00 in a research report on Monday, February 24th. Citigroup dropped their price objective on Freshpet from $155.00 to $142.00 and set a "neutral" rating for the company in a report on Wednesday, February 12th. Wells Fargo & Company reduced their price objective on shares of Freshpet from $170.00 to $142.00 and set an "overweight" rating on the stock in a research note on Friday, February 21st. Finally, Oppenheimer cut shares of Freshpet from an "outperform" rating to a "market perform" rating in a research report on Tuesday, March 11th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, Freshpet presently has a consensus rating of "Moderate Buy" and an average price target of $151.67.

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Freshpet Stock Performance

The company has a market cap of $4.22 billion, a price-to-earnings ratio of 92.17 and a beta of 1.58. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.91 and a current ratio of 4.72. The company has a fifty day moving average of $124.80 and a two-hundred day moving average of $137.53.

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, meeting analysts' consensus estimates of $0.36. Freshpet had a return on equity of 3.92% and a net margin of 4.81%. The firm had revenue of $262.71 million for the quarter, compared to analyst estimates of $275.46 million. Equities research analysts anticipate that Freshpet, Inc. will post 1.55 EPS for the current year.

Hedge Funds Weigh In On Freshpet

Hedge funds have recently modified their holdings of the business. Elequin Capital LP acquired a new stake in Freshpet in the fourth quarter valued at $29,000. Geneos Wealth Management Inc. grew its position 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 last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Freshpet in the third quarter valued at about $32,000. Jones Financial Companies Lllp increased its stake in shares of Freshpet by 130.9% in the fourth quarter. Jones Financial Companies Lllp now owns 217 shares of the company's stock valued at $32,000 after buying an additional 123 shares during the period. Finally, R Squared Ltd bought a new position in shares of Freshpet during 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.