Freshpet, Inc. (NASDAQ:FRPT - Get Free Report)'s stock price rose 3.1% during trading on Thursday . The stock traded as high as $111.62 and last traded at $110.23. Approximately 241,628 shares traded hands during mid-day trading, a decline of 76% from the average daily volume of 1,016,800 shares. The stock had previously closed at $106.88.
Wall Street Analyst Weigh In
FRPT has been the subject of several research analyst reports. Wells Fargo & Company reduced their price target on shares of 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 reduced their price target on shares of Freshpet from $165.00 to $155.00 and set a "buy" rating for the company in a research report on Friday, February 21st. Piper Sandler reduced their price target on shares of Freshpet from $180.00 to $160.00 and set an "overweight" rating for the company in a research report on Friday, February 21st. Robert W. Baird upped their price target on shares of Freshpet from $157.00 to $170.00 and gave the company an "outperform" rating in a research report on Tuesday, November 5th. Finally, Jefferies Financial Group upgraded shares of Freshpet from a "hold" rating to a "buy" rating and reduced their price target for the company from $155.00 to $150.00 in a research report on Monday, February 24th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $156.47.
Get Our Latest Stock Analysis on FRPT
Freshpet Trading Down 0.1 %
The company's 50 day moving average price is $141.88 and its 200 day moving average price is $142.33. The company has a market cap of $5.21 billion, a price-to-earnings ratio of 113.86 and a beta of 1.42. 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 (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 the consensus estimate of $0.36. Freshpet had a net margin of 4.81% and a return on equity of 3.92%. The company had revenue of $262.71 million for the quarter, compared to analyst estimates of $275.46 million. Research analysts anticipate that Freshpet, Inc. will post 1.55 EPS for the current year.
Insider Transactions at Freshpet
In other news, President Scott James Morris sold 5,000 shares of the stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $157.38, for a total transaction of $786,900.00. Following the transaction, the president now owns 122,380 shares in the company, valued at $19,260,164.40. This represents a 3.93 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.70% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the business. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Freshpet in the 4th quarter valued at $14,678,000. Forum Financial Management LP acquired a new position in Freshpet in the 4th quarter valued at $215,000. Public Employees Retirement System of Ohio grew its stake in Freshpet by 24.3% in the 4th quarter. Public Employees Retirement System of Ohio now owns 51,129 shares of the company's stock valued at $7,573,000 after buying an additional 10,009 shares during the last quarter. Elequin Capital LP acquired a new position in Freshpet in the 4th quarter valued at $29,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Freshpet by 8.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 174,580 shares of the company's stock valued at $25,857,000 after buying an additional 13,298 shares during the last quarter.
Freshpet Company Profile
(
Get Free Report)
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.
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