Freshpet (NASDAQ:FRPT) Shares Up 0.5% - Here's Why

Freshpet, Inc. (NASDAQ:FRPT - Get Free Report)'s share price traded up 0.5% during trading on Wednesday . The stock traded as high as $95.88 and last traded at $95.11. 166,326 shares were traded during trading, a decline of 85% from the average session volume of 1,134,692 shares. The stock had previously closed at $94.65.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Piper Sandler reduced their target price on Freshpet from $180.00 to $160.00 and set an "overweight" rating for the company in a research note on Friday, February 21st. Truist Financial reiterated a "buy" rating and set a $140.00 target price (down from $170.00) on shares of Freshpet in a research note on Tuesday, February 25th. Wells Fargo & Company reduced their target price on Freshpet from $170.00 to $142.00 and set an "overweight" rating for the company in a research note on Friday, February 21st. Jefferies Financial Group upgraded Freshpet from a "hold" rating to a "buy" rating and reduced their target price for the company from $155.00 to $150.00 in a research note on Monday, February 24th. Finally, Oppenheimer reduced their price objective on Freshpet from $180.00 to $140.00 and set an "outperform" rating on the stock in a research note on Monday, February 24th. One analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $156.47.

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Freshpet Price Performance

The company has a quick ratio of 3.91, a current ratio of 4.72 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $4.72 billion, a P/E ratio of 103.04 and a beta of 1.58. The business has a 50 day simple moving average of $136.84 and a 200-day simple moving average of $140.98.

Freshpet (NASDAQ:FRPT - Get Free Report) last posted its earnings results on Thursday, February 20th. The company reported $0.36 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.36. The company had revenue of $262.71 million for the quarter, compared to analysts' expectations of $275.46 million. Freshpet had a return on equity of 3.92% and a net margin of 4.81%. Analysts predict that Freshpet, Inc. will post 1.55 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Elequin Capital LP acquired a new position in shares of Freshpet during the fourth quarter valued at $29,000. Geneos Wealth Management Inc. increased its holdings 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 during the period. Jones Financial Companies Lllp increased its holdings 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 during the period. Wilmington Savings Fund Society FSB acquired a new position in shares of Freshpet during the third quarter valued at $32,000. Finally, R Squared Ltd acquired a new position in shares of Freshpet during the fourth quarter valued at $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.