Freshpet (NASDAQ:FRPT) Trading Up 4.3% – Here’s What Happened

by · The Cerbat Gem

Freshpet, Inc. (NASDAQ:FRPT – Get Free Report)’s stock price traded up 4.3% during trading on Friday . The company traded as high as $89.34 and last traded at $90.20. 221,088 shares were traded during mid-day trading, a decline of 83% from the average session volume of 1,274,653 shares. The stock had previously closed at $86.50.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Truist Financial reaffirmed a “buy” rating and issued a $140.00 target price (down from $170.00) on shares of Freshpet in a research report on Tuesday, February 25th. Piper Sandler lowered their target price 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. Wells Fargo & Company dropped their price target 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. reduced their price objective on shares of Freshpet from $154.00 to $102.00 and set an “overweight” rating for the company in a research report on Monday. Finally, Citigroup decreased their price objective on shares of Freshpet from $155.00 to $142.00 and set a “neutral” rating for the company in a research note on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, Freshpet has a consensus rating of “Moderate Buy” and an average price target of $151.67.

Read Our Latest Stock Analysis on FRPT

Freshpet Stock Performance

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 stock has a market capitalization of $4.26 billion, a P/E ratio of 93.04 and a beta of 1.58. The company has a 50 day simple moving average of $131.88 and a 200-day simple moving average of $139.57.

Freshpet (NASDAQ:FRPT – Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.36 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.36. The business had revenue of $262.71 million for the quarter, compared to analysts’ expectations of $275.46 million. Freshpet had a return on equity of 3.92% and a net margin of 4.81%. On average, equities analysts forecast that Freshpet, Inc. will post 1.55 EPS for the current year.

Institutional Inflows and Outflows

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

Freshpet Company Profile

(Get Free Report)

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.

Further Reading