Freshpet (NASDAQ:FRPT) Trading Up 0.2% – Still a Buy?

Freshpet, Inc. (NASDAQ:FRPT)’s share price rose 0.2% on Friday . The company traded as high as $93.14 and last traded at $91.22. Approximately 266,737 shares changed hands during trading, a decline of 77% from the average daily volume of 1,138,635 shares. The stock had previously closed at $91.08.

Wall Street Analysts Forecast Growth

FRPT has been the topic of a number of research reports. Jefferies Financial Group upgraded Freshpet from a “hold” rating to a “buy” rating and dropped their price target for the stock from $155.00 to $150.00 in a research report on Monday, February 24th. Stifel Nicolaus dropped their price target on Freshpet from $165.00 to $155.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Piper Sandler dropped their price target on Freshpet from $180.00 to $160.00 and set an “overweight” rating on the stock in a research report on Friday, February 21st. StockNews.com cut Freshpet from a “hold” rating to a “sell” rating in a research report on Wednesday, November 20th. Finally, Wells Fargo & Company lowered their target price on Freshpet from $170.00 to $142.00 and set an “overweight” rating on the stock in a research report on Friday, February 21st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Freshpet presently has an average rating of “Moderate Buy” and a consensus price target of $156.47.

Freshpet Trading Up 6.3 %

The business has a 50 day simple moving average of $136.84 and a 200-day simple moving average of $140.98. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.91 and a current ratio of 4.72. The stock has a market capitalization of $4.72 billion, a P/E ratio of 103.04 and a beta of 1.58.

Freshpet (NASDAQ:FRPT) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.36 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates 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 return on equity of 3.92% and a net margin of 4.81%. On average, analysts predict 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. Elequin Capital LP bought a new stake in shares of Freshpet during the 4th quarter worth $29,000. Geneos Wealth Management Inc. lifted its holdings in shares of Freshpet by 302.0% in 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 in the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of Freshpet by 130.9% in the fourth quarter. Jones Financial Companies Lllp now owns 217 shares of the company’s stock valued at $32,000 after purchasing an additional 123 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Freshpet in the third quarter valued at $32,000. Finally, R Squared Ltd purchased a new stake in shares of Freshpet in the fourth quarter valued at $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.