Freshpet (NASDAQ:FRPT) Stock Price Down 2.5% - Should You Sell?

Freshpet, Inc. (NASDAQ:FRPT - Get Free Report) shares dropped 2.5% on Thursday . The company traded as low as $94.00 and last traded at $93.63. Approximately 116,196 shares traded hands during mid-day trading, a decline of 90% from the average daily volume of 1,127,460 shares. The stock had previously closed at $96.06.

Analysts Set New Price Targets

FRPT has been the topic of a number of research analyst reports. Oppenheimer dropped their target price on shares of Freshpet from $180.00 to $140.00 and set an "outperform" rating on the stock in a research note on Monday, February 24th. Wells Fargo & Company dropped their price target 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. StockNews.com cut shares of Freshpet from a "hold" rating to a "sell" rating in a research note on Wednesday, November 20th. Truist Financial reiterated 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. Finally, Citigroup lowered their target price on shares of Freshpet from $155.00 to $142.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $156.47.

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Freshpet Stock Performance

The firm has a market cap of $4.72 billion, a P/E ratio of 103.04 and a beta of 1.58. The company has a current ratio of 4.72, a quick ratio of 3.91 and a debt-to-equity ratio of 0.41. The business's fifty day simple moving average is $136.84 and its 200-day simple moving average is $141.04.

Freshpet (NASDAQ:FRPT - Get Free Report) last posted its earnings results on Thursday, February 20th. The company reported $0.36 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 firm had revenue of $262.71 million during the quarter, compared to analysts' expectations of $275.46 million. As a group, sell-side analysts expect that Freshpet, Inc. will post 1.55 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of FRPT. Vanguard Group Inc. increased its holdings in Freshpet by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 4,652,556 shares of the company's stock valued at $689,090,000 after buying an additional 46,844 shares during the last quarter. WCM Investment Management LLC boosted its position in shares of Freshpet by 4.0% during the fourth quarter. WCM Investment Management LLC now owns 2,881,855 shares of the company's stock worth $430,809,000 after acquiring an additional 110,478 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Freshpet by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 844,744 shares of the company's stock worth $127,446,000 after acquiring an additional 9,081 shares during the last quarter. Driehaus Capital Management LLC lifted its position in Freshpet by 5.1% during the fourth quarter. Driehaus Capital Management LLC now owns 810,646 shares of the company's stock valued at $120,065,000 after purchasing an additional 39,129 shares during the last quarter. Finally, Norges Bank bought a new position in Freshpet during the fourth quarter valued at $75,253,000.

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.