Freshpet (NASDAQ:FRPT) Trading Down 5.7% - Should You Sell?

Shares of Freshpet, Inc. (NASDAQ:FRPT - Get Free Report) fell 5.7% during mid-day trading on Wednesday . The stock traded as low as $146.26 and last traded at $146.81. 401,583 shares were traded during mid-day trading, a decline of 27% from the average session volume of 551,089 shares. The stock had previously closed at $155.62.

Analysts Set New Price Targets

A number of analysts have commented on FRPT shares. DA Davidson lifted their target price on Freshpet from $183.00 to $189.00 and gave the stock a "buy" rating in a report on Tuesday, November 5th. TD Cowen lifted their price objective on Freshpet from $160.00 to $174.00 and gave the stock a "buy" rating in a report on Tuesday, November 5th. Robert W. Baird upped their target price on shares of Freshpet from $157.00 to $170.00 and gave the company an "outperform" rating in a research note on Tuesday, November 5th. JPMorgan Chase & Co. lifted their price target on shares of Freshpet from $126.00 to $154.00 and gave the stock a "neutral" rating in a research note on Tuesday, November 5th. 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 investment analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $163.36.

Freshpet Stock Down 0.9 %

The company has a 50-day moving average of $150.74 and a two-hundred day moving average of $142.88. 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 company has a market capitalization of $7.14 billion, a PE ratio of 165.28 and a beta of 1.42.

Insider Activity at Freshpet

In other Freshpet 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 transaction 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. The trade was a 3.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.70% of the stock is currently owned by corporate insiders.

Institutional Trading of Freshpet

Hedge funds and other institutional investors have recently modified their holdings of the company. GAMMA Investing LLC boosted its holdings in Freshpet by 29.6% in the 3rd quarter. GAMMA Investing LLC now owns 481 shares of the company's stock worth $66,000 after buying an additional 110 shares during the period. CWM LLC boosted its stake in shares of Freshpet by 828.4% in the third quarter. CWM LLC now owns 4,605 shares of the company's stock worth $630,000 after acquiring an additional 4,109 shares during the period. ORG Wealth Partners LLC purchased a new stake in shares of Freshpet during the third quarter worth about $29,000. Trust Point Inc. raised its stake in Freshpet by 2.8% during the 3rd quarter. Trust Point Inc. now owns 16,427 shares of the company's stock valued at $2,247,000 after purchasing an additional 443 shares during the period. Finally, Blue Trust Inc. lifted its holdings in Freshpet by 2,770.4% in the 3rd quarter. Blue Trust Inc. now owns 775 shares of the company's stock worth $100,000 after purchasing an additional 748 shares in the last quarter.

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.