Freshpet (NASDAQ:FRPT) Trading Down 6.5% - What's Next?

Freshpet, Inc. (NASDAQ:FRPT - Get Free Report)'s share price was down 6.5% during trading on Monday . The stock traded as low as $100.00 and last traded at $100.09. Approximately 565,602 shares were traded during trading, a decline of 46% from the average daily volume of 1,050,245 shares. The stock had previously closed at $107.03.

Analysts Set New Price Targets

Several equities research analysts recently commented on FRPT shares. StockNews.com cut Freshpet from a "hold" rating to a "sell" rating in a research report on Wednesday, November 20th. Piper Sandler dropped their price objective on Freshpet from $180.00 to $160.00 and set an "overweight" rating on the stock in a research report on Friday, February 21st. Truist Financial reaffirmed a "buy" rating and set a $140.00 price objective (down from $170.00) on shares of Freshpet in a research report on Tuesday, February 25th. Jefferies Financial Group raised Freshpet from a "hold" rating to a "buy" rating and dropped their price objective for the company from $155.00 to $150.00 in a research report on Monday, February 24th. Finally, Citigroup dropped their price objective on Freshpet from $155.00 to $142.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 12th. One analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $156.47.

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Freshpet Trading Down 5.2 %

The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.91 and a current ratio of 4.72. The stock has a market capitalization of $4.44 billion, a PE ratio of 96.89 and a beta of 1.42. The stock has a 50-day moving average price of $138.93 and a two-hundred day moving average price of $141.48.

Freshpet (NASDAQ:FRPT - Get Free Report) last posted 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 return on equity of 3.92% and a net margin of 4.81%. The firm had revenue of $262.71 million for the quarter, compared to analysts' expectations of $275.46 million. As a group, equities analysts forecast that Freshpet, Inc. will post 1.55 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Lecap Asset Management Ltd. purchased a new position in shares of Freshpet during the 4th quarter valued at about $817,000. Principal Financial Group Inc. raised its stake in Freshpet by 36.4% during the 4th quarter. Principal Financial Group Inc. now owns 107,657 shares of the company's stock valued at $15,945,000 after purchasing an additional 28,743 shares during the period. Geode Capital Management LLC raised its stake in Freshpet by 4.7% during the 3rd quarter. Geode Capital Management LLC now owns 835,663 shares of the company's stock valued at $115,650,000 after purchasing an additional 37,287 shares during the period. Transcendent Capital Group LLC bought a new stake in Freshpet during the 3rd quarter valued at approximately $1,465,000. Finally, Geneva Capital Management LLC raised its stake in Freshpet by 166.2% during the 3rd quarter. Geneva Capital Management LLC now owns 84,221 shares of the company's stock valued at $11,519,000 after purchasing an additional 52,584 shares during the period.

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.