Freshpet (NASDAQ:FRPT) Stock Price Up 1% - Time to Buy?

Shares of Freshpet, Inc. (NASDAQ:FRPT - Get Free Report) shot up 1% on Friday . The stock traded as high as $87.33 and last traded at $87.27. 122,536 shares changed hands during trading, a decline of 82% from the average session volume of 697,402 shares. The stock had previously closed at $86.42.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on FRPT shares. Stifel Nicolaus decreased their price target 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 decreased their target price 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. JPMorgan Chase & Co. cut their price target 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. Piper Sandler lowered their price objective on shares of Freshpet from $180.00 to $160.00 and set an "overweight" rating for the company in a research note on Friday, February 21st. Finally, Truist Financial reissued a "buy" rating and issued a $140.00 target price (down from $170.00) on shares of Freshpet in a research note on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $151.67.

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Freshpet Price Performance

The stock has a market capitalization of $4.29 billion, a P/E ratio of 93.59 and a beta of 1.58. The firm has a fifty day moving average price of $124.80 and a two-hundred day moving average price of $137.52. The company has a quick ratio of 3.91, a current ratio of 4.72 and a debt-to-equity ratio of 0.41.

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

Institutional Trading of Freshpet

Several institutional investors have recently added to or reduced their stakes in the business. Elequin Capital LP bought a new position in shares of Freshpet during the fourth quarter valued at $29,000. Geneos Wealth Management Inc. raised its position in Freshpet by 302.0% in the 4th quarter. Geneos Wealth Management Inc. now owns 201 shares of the company's stock worth $30,000 after buying an additional 151 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in Freshpet by 130.9% during the 4th quarter. Jones Financial Companies Lllp now owns 217 shares of the company's stock valued at $32,000 after acquiring an additional 123 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of Freshpet during the 3rd quarter valued at about $32,000. Finally, R Squared Ltd bought a new stake in shares of Freshpet in the fourth quarter worth approximately $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.