Freshpet (NASDAQ:FRPT) Trading 1.4% Higher - Time to Buy?

Freshpet, Inc. (NASDAQ:FRPT - Get Free Report) shares traded up 1.4% during mid-day trading on Wednesday . The company traded as high as $87.00 and last traded at $86.32. 179,899 shares traded hands during trading, a decline of 74% from the average session volume of 691,702 shares. The stock had previously closed at $85.09.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. JPMorgan Chase & Co. dropped their target price on shares of Freshpet from $154.00 to $102.00 and set an "overweight" rating for the company in a research report on Monday, March 10th. Truist Financial reiterated a "buy" rating and set a $140.00 target price (down from $170.00) on shares of Freshpet in a research note on Tuesday, February 25th. Citigroup reduced their target price on 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 Freshpet from an "outperform" rating to a "market perform" rating in a research note on Tuesday, March 11th. Finally, Jefferies Financial Group upgraded Freshpet from a "hold" rating to a "buy" rating and reduced their price objective for the stock from $155.00 to $150.00 in a research note on Monday, February 24th. One analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $151.67.

Freshpet Price Performance

The company has a market capitalization of $4.22 billion, a price-to-earnings ratio of 92.17 and a beta of 1.58. 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 business has a fifty day moving average price of $124.80 and a 200 day moving average price of $137.53.

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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 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 analyst estimates of $275.46 million. On average, research analysts expect that Freshpet, Inc. will post 1.55 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Freshpet

A number of institutional investors have recently bought and sold shares of the business. Elequin Capital LP purchased a new stake in shares of Freshpet during the 4th quarter worth about $29,000. Geneos Wealth Management Inc. boosted its stake in Freshpet by 302.0% in 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. Wilmington Savings Fund Society FSB acquired a new position in Freshpet in the third quarter worth $32,000. Jones Financial Companies Lllp raised its position in shares of Freshpet by 130.9% during the fourth quarter. Jones Financial Companies Lllp now owns 217 shares of the company's stock worth $32,000 after acquiring an additional 123 shares during the last quarter. Finally, R Squared Ltd bought a new stake in shares of Freshpet during the fourth quarter worth $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.