Freshpet (NASDAQ:FRPT) Stock Price Up 0.5% – What’s Next?

Freshpet, Inc. (NASDAQ:FRPT)’s stock price was up 0.5% on Wednesday . The company traded as high as $95.88 and last traded at $95.11. Approximately 166,326 shares changed hands during trading, a decline of 85% from the average daily volume of 1,134,692 shares. The stock had previously closed at $94.65.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Piper Sandler cut their target price on Freshpet from $180.00 to $160.00 and set an “overweight” rating on the stock in a report on Friday, February 21st. Stifel Nicolaus dropped their price objective on shares of Freshpet from $165.00 to $155.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Citigroup reduced their price objective on shares of Freshpet from $155.00 to $142.00 and set a “neutral” rating for the company in a report on Wednesday, February 12th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Freshpet from $161.00 to $163.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Finally, Oppenheimer cut their price target on Freshpet from $180.00 to $140.00 and set an “outperform” rating for the company in a research note on Monday, February 24th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $156.47.

Freshpet Price Performance

The stock has a market cap of $4.67 billion, a P/E ratio of 102.03 and a beta of 1.42. The business has a 50 day simple moving average of $139.92 and a 200-day simple moving average of $141.80. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.91 and a current ratio of 4.72.

Freshpet (NASDAQ:FRPT) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.36 earnings per share for the quarter, meeting the consensus estimate of $0.36. The company 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, sell-side analysts forecast that Freshpet, Inc. will post 1.55 EPS for the current year.

Institutional Investors Weigh In On Freshpet

Large investors have recently modified their holdings of the stock. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Freshpet during the fourth quarter valued at $14,678,000. Forum Financial Management LP purchased a new position in shares of Freshpet during the 4th quarter valued at $215,000. Public Employees Retirement System of Ohio lifted its position in shares of Freshpet by 24.3% during the 4th quarter. Public Employees Retirement System of Ohio now owns 51,129 shares of the company’s stock valued at $7,573,000 after buying an additional 10,009 shares during the last quarter. Elequin Capital LP bought a new position in shares of Freshpet during the 4th quarter worth $29,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Freshpet by 8.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 174,580 shares of the company’s stock worth $25,857,000 after acquiring an additional 13,298 shares during 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.