Freshpet (NASDAQ:FRPT) Stock Price Up 0.2% - Time to Buy?

Freshpet, Inc. (NASDAQ:FRPT - Get Free Report) traded up 0.2% during mid-day trading on Friday . The company traded as high as $93.14 and last traded at $91.22. 266,737 shares were traded during mid-day trading, a decline of 77% from the average session volume of 1,138,635 shares. The stock had previously closed at $91.08.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on FRPT. Jefferies Financial Group raised shares of Freshpet from a "hold" rating to a "buy" rating and cut their target price for the company from $155.00 to $150.00 in a research note on Monday, February 24th. StockNews.com cut shares of Freshpet from a "hold" rating to a "sell" rating in a research note on Wednesday, November 20th. Citigroup cut their target price on shares of Freshpet from $155.00 to $142.00 and set a "neutral" rating for the company in a research note on Wednesday, February 12th. Oppenheimer cut their target price on shares of Freshpet from $180.00 to $140.00 and set an "outperform" rating for the company in a research note on Monday, February 24th. Finally, Stifel Nicolaus cut their target price on shares of Freshpet from $165.00 to $155.00 and set a "buy" rating for the company in a research note on Friday, February 21st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, Freshpet currently has an average rating of "Moderate Buy" and a consensus target price of $156.47.

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Freshpet Stock Up 6.3 %

The firm has a market capitalization of $4.72 billion, a PE ratio of 103.04 and a beta of 1.58. The business's 50 day simple moving average is $136.84 and its 200 day simple moving average is $140.98. The company has a current ratio of 4.72, a quick ratio of 3.91 and a debt-to-equity ratio of 0.41.

Freshpet (NASDAQ:FRPT - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported $0.36 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.36. The firm 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, equities research analysts forecast that Freshpet, Inc. will post 1.55 earnings per share for the current year.

Institutional Investors Weigh In On Freshpet

Institutional investors have recently made changes to their positions in the company. Elequin Capital LP bought a new stake in Freshpet during the 4th quarter valued at about $29,000. Geneos Wealth Management Inc. lifted its holdings in Freshpet by 302.0% during the 4th quarter. Geneos Wealth Management Inc. now owns 201 shares of the company's stock valued at $30,000 after buying an additional 151 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings 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 buying an additional 123 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Freshpet during the 3rd quarter valued at about $32,000. Finally, R Squared Ltd bought a new stake in Freshpet during the 4th quarter valued at about $39,000.

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.