Freshpet (NASDAQ:FRPT) Trading 1.8% Higher - What's Next?

Freshpet, Inc. (NASDAQ:FRPT - Get Free Report) shares rose 1.8% during mid-day trading on Friday . The stock traded as high as $109.34 and last traded at $109.00. Approximately 169,796 shares changed hands during trading, a decline of 83% from the average daily volume of 1,028,743 shares. The stock had previously closed at $107.09.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on FRPT shares. DA Davidson lifted their target price on shares of Freshpet from $183.00 to $189.00 and gave the company a "buy" rating in a report on Tuesday, November 5th. Truist Financial reaffirmed a "buy" rating and issued a $140.00 target price (down previously from $170.00) on shares of Freshpet in a research report on Tuesday, February 25th. StockNews.com downgraded Freshpet from a "hold" rating to a "sell" rating in a report on Wednesday, November 20th. Piper Sandler reduced their price target on Freshpet from $180.00 to $160.00 and set an "overweight" rating on the stock in a research report on Friday, February 21st. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Freshpet from $161.00 to $163.00 and gave the company a "buy" rating in a research report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $156.47.

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Freshpet Price Performance

The company has a market capitalization of $4.68 billion, a price-to-earnings ratio of 102.27 and a beta of 1.42. The business has a fifty day moving average price of $141.88 and a 200 day moving average price of $142.33. The company has a debt-to-equity ratio of 0.41, a current ratio of 4.72 and a quick ratio of 3.91.

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

Insider Activity at Freshpet

In other news, President Scott James Morris sold 5,000 shares of Freshpet stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $157.38, for a total value of $786,900.00. Following the transaction, the president now owns 122,380 shares of the company's stock, valued at $19,260,164.40. This trade represents a 3.93 % decrease in their ownership of the stock. The transaction 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 insiders.

Institutional Trading of Freshpet

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Private Advisor Group LLC grew its holdings in Freshpet by 29.7% during the 3rd quarter. Private Advisor Group LLC now owns 2,316 shares of the company's stock worth $317,000 after acquiring an additional 531 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Freshpet in the 3rd quarter valued at $795,000. Farther Finance Advisors LLC grew its stake in shares of Freshpet by 12.7% during the third quarter. Farther Finance Advisors LLC now owns 2,277 shares of the company's stock worth $311,000 after purchasing an additional 257 shares during the period. M&G PLC boosted its holdings in Freshpet by 2.9% during the third quarter. M&G PLC now owns 70,957 shares of the company's stock worth $9,721,000 after buying an additional 2,027 shares during the last quarter. Finally, Capital Performance Advisors LLP bought a new position in Freshpet during the 3rd quarter worth approximately $57,000.

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.