Freshpet (NASDAQ:FRPT) Reaches New 12-Month Low – What’s Next?

Freshpet, Inc. (NASDAQ:FRPT) shares reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $93.75 and last traded at $96.13, with a volume of 3518466 shares trading hands. The stock had previously closed at $107.03.

Analyst Ratings Changes

FRPT has been the subject of a number of recent research reports. DA Davidson raised their price target on Freshpet from $183.00 to $189.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Wells Fargo & Company cut their price objective on shares of Freshpet from $170.00 to $142.00 and set an “overweight” rating on the stock in a research report on Friday, February 21st. JPMorgan Chase & Co. boosted their target price on shares of Freshpet from $126.00 to $154.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Robert W. Baird raised their price target on shares of Freshpet from $157.00 to $170.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. Finally, Piper Sandler decreased their price objective on shares of Freshpet from $180.00 to $160.00 and set an “overweight” rating for the company in a report on Friday, February 21st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $156.47.

Freshpet Stock Down 10.2 %

The firm has a 50-day moving average of $141.88 and a two-hundred day moving average of $142.33. The firm has a market cap of $4.68 billion, a price-to-earnings ratio of 102.27 and a beta of 1.42. 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) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.36 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 company had revenue of $262.71 million during the quarter, compared to analyst estimates of $275.46 million. As a group, sell-side analysts predict that Freshpet, Inc. will post 1.55 earnings per share for the current fiscal year.

Insider Activity at Freshpet

In other news, President Scott James Morris sold 5,000 shares of the business’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $157.38, for a total transaction of $786,900.00. Following the transaction, the president now owns 122,380 shares in the company, valued at approximately $19,260,164.40. The trade was a 3.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 3.70% of the company’s stock.

Institutional Investors Weigh In On Freshpet

Institutional investors have recently added to or reduced their stakes in the company. Elequin Capital LP acquired a new position in Freshpet in the 4th quarter valued at approximately $29,000. Geneos Wealth Management Inc. increased its position in shares of Freshpet by 302.0% during the fourth quarter. Geneos Wealth Management Inc. now owns 201 shares of the company’s stock valued at $30,000 after purchasing an additional 151 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in shares of Freshpet in the third quarter valued at $32,000. Jones Financial Companies Lllp lifted its position in Freshpet by 130.9% in the fourth quarter. Jones Financial Companies Lllp now owns 217 shares of the company’s stock worth $32,000 after purchasing an additional 123 shares during the period. Finally, R Squared Ltd acquired a new stake in 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.