Freshpet (NASDAQ:FRPT) Stock Price Up 2% – What’s Next?

Freshpet, Inc. (NASDAQ:FRPT)’s share price traded up 2% on Wednesday . The stock traded as high as $88.29 and last traded at $85.48. 334,982 shares traded hands during trading, a decline of 74% from the average session volume of 1,270,736 shares. The stock had previously closed at $83.78.

Wall Street Analyst Weigh In

FRPT has been the subject of several analyst reports. Jefferies Financial Group upgraded shares of Freshpet from a “hold” rating to a “buy” rating and decreased their price objective for the company from $155.00 to $150.00 in a research note on Monday, February 24th. Wells Fargo & Company reduced their price target on shares of Freshpet from $170.00 to $142.00 and set an “overweight” rating for the company in a research report on Friday, February 21st. JPMorgan Chase & Co. dropped their target price on shares of Freshpet from $154.00 to $102.00 and set an “overweight” rating on the stock in a research note on Monday. Stifel Nicolaus lowered their price target on shares of Freshpet from $155.00 to $135.00 and set a “buy” rating on the stock in a report on Monday. Finally, Oppenheimer lowered Freshpet from an “outperform” rating to a “market perform” rating in a report on Tuesday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Freshpet has a consensus rating of “Moderate Buy” and a consensus target price of $151.67.

Freshpet Stock Up 3.1 %

The company has a quick ratio of 3.91, a current ratio of 4.72 and a debt-to-equity ratio of 0.41. The stock has a 50-day simple moving average of $134.27 and a two-hundred day simple moving average of $140.31. The firm has a market cap of $4.21 billion, a PE ratio of 91.81 and a beta of 1.58.

Freshpet (NASDAQ:FRPT) last announced 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 company had revenue of $262.71 million for the quarter, compared to analysts’ expectations of $275.46 million. Analysts expect that Freshpet, Inc. will post 1.55 earnings per share for the current year.

Institutional Trading of Freshpet

Hedge funds have recently added to or reduced their stakes in the business. Elequin Capital LP bought a new position in Freshpet during the 4th quarter valued at approximately $29,000. Geneos Wealth Management Inc. lifted its stake in shares of Freshpet by 302.0% in the fourth quarter. Geneos Wealth Management Inc. now owns 201 shares of the company’s stock worth $30,000 after buying an additional 151 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in Freshpet by 130.9% in the 4th 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. Wilmington Savings Fund Society FSB purchased a new stake in Freshpet during the 3rd quarter valued at $32,000. Finally, R Squared Ltd bought a new stake in shares of Freshpet in the 4th quarter worth $39,000.

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.