Freshpet (NASDAQ:FRPT) Trading Up 0.3% - Should You Buy?

Freshpet, Inc. (NASDAQ:FRPT - Get Free Report) shares were up 0.3% during trading on Monday . The stock traded as high as $88.70 and last traded at $86.92. Approximately 214,306 shares traded hands during mid-day trading, a decline of 71% from the average daily volume of 729,275 shares. The stock had previously closed at $86.64.

Analyst Upgrades and Downgrades

FRPT has been the subject of a number of recent research reports. JPMorgan Chase & Co. cut their price target on Freshpet from $154.00 to $102.00 and set an "overweight" rating for the company in a research note on Monday, March 10th. Oppenheimer cut Freshpet from an "outperform" rating to a "market perform" rating in a report on Tuesday, March 11th. Stifel Nicolaus reduced their price objective on Freshpet from $155.00 to $135.00 and set a "buy" rating on the stock in a research note on Monday, March 10th. Wells Fargo & Company cut their target price on shares of Freshpet from $170.00 to $142.00 and set an "overweight" rating for the company in a report on Friday, February 21st. Finally, Piper Sandler lowered their price objective on shares of Freshpet from $160.00 to $145.00 and set an "overweight" rating for the company in a research report on Tuesday. One analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, Freshpet currently has an average rating of "Moderate Buy" and a consensus target price of $150.67.

Freshpet Trading Up 1.5 %

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 business has a 50-day moving average of $120.98 and a 200-day moving average of $136.47. The stock has a market capitalization of $4.22 billion, a price-to-earnings ratio of 92.06 and a beta of 1.58.

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Freshpet (NASDAQ:FRPT - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.36 earnings per share (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 the consensus estimate of $275.46 million. As a group, research analysts forecast that Freshpet, Inc. will post 1.55 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. M&T Bank Corp raised its holdings in shares of Freshpet by 3.2% in the fourth quarter. M&T Bank Corp now owns 2,253 shares of the company's stock worth $333,000 after acquiring an additional 70 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of Freshpet by 1.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,887 shares of the company's stock worth $805,000 after buying an additional 75 shares during the period. Vident Advisory LLC boosted its holdings in Freshpet by 4.0% in the fourth quarter. Vident Advisory LLC now owns 2,111 shares of the company's stock valued at $313,000 after acquiring an additional 82 shares during the last quarter. Freedom Investment Management Inc. grew its position in Freshpet by 5.3% during the fourth quarter. Freedom Investment Management Inc. now owns 1,678 shares of the company's stock valued at $249,000 after acquiring an additional 84 shares during the period. Finally, GAMMA Investing LLC increased its stake in Freshpet by 19.1% during the fourth quarter. GAMMA Investing LLC now owns 573 shares of the company's stock worth $85,000 after acquiring an additional 92 shares during the last quarter.

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.