Freshpet, Inc. (NASDAQ:FRPT - Get Free Report)'s share price traded up 0.7% on Monday . The stock traded as high as $88.98 and last traded at $88.49. 159,015 shares were traded during mid-day trading, a decline of 88% from the average session volume of 1,283,474 shares. The stock had previously closed at $87.84.
Wall Street Analysts Forecast Growth
Several analysts recently weighed in on the stock. Stifel Nicolaus reduced their price objective on shares of Freshpet from $155.00 to $135.00 and set a "buy" rating on the stock in a research note on Monday, March 10th. Jefferies Financial Group upgraded shares of Freshpet from a "hold" rating to a "buy" rating and dropped their target price for the company from $155.00 to $150.00 in a report on Monday, February 24th. Piper Sandler dropped their target price on shares of Freshpet from $180.00 to $160.00 and set an "overweight" rating on the stock in a report on Friday, February 21st. Wells Fargo & Company dropped their target price on shares of Freshpet from $170.00 to $142.00 and set an "overweight" rating on the stock in a report on Friday, February 21st. Finally, JPMorgan Chase & Co. dropped their target price on shares of Freshpet from $154.00 to $102.00 and set an "overweight" rating on the stock in a report on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat, Freshpet presently has an average rating of "Moderate Buy" and an average price target of $151.67.
Check Out Our Latest Stock Report on FRPT
Freshpet Stock Up 0.8 %
The company has a debt-to-equity ratio of 0.41, a current ratio of 4.72 and a quick ratio of 3.91. The stock has a market cap of $4.21 billion, a price-to-earnings ratio of 91.94 and a beta of 1.58. The firm's fifty day moving average price is $125.96 and its two-hundred day moving average price is $137.87.
Freshpet (NASDAQ:FRPT - Get Free Report) last posted its earnings results on Thursday, February 20th. The company reported $0.36 earnings per share for the quarter, hitting analysts' consensus estimates 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. Sell-side analysts forecast that Freshpet, Inc. will post 1.55 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Freshpet
A number of institutional investors and hedge funds have recently made changes to their positions in the business. M&T Bank Corp raised its holdings in shares of Freshpet by 3.2% in the 4th 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 grew its position in 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 purchasing an additional 75 shares in the last quarter. Vident Advisory LLC grew its position in Freshpet by 4.0% in the 4th quarter. Vident Advisory LLC now owns 2,111 shares of the company's stock worth $313,000 after purchasing an additional 82 shares in the last quarter. Freedom Investment Management Inc. grew its position in Freshpet by 5.3% in the 4th quarter. Freedom Investment Management Inc. now owns 1,678 shares of the company's stock worth $249,000 after purchasing an additional 84 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in Freshpet by 19.1% in the 4th quarter. GAMMA Investing LLC now owns 573 shares of the company's stock worth $85,000 after purchasing an additional 92 shares in the last quarter.
About Freshpet
(
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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