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

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

Analysts Set New Price Targets

A number of equities analysts recently issued reports on FRPT shares. Piper Sandler lowered their price objective on shares of Freshpet from $180.00 to $160.00 and set an “overweight” rating for the company in a research report on Friday, February 21st. Deutsche Bank Aktiengesellschaft upped their price target on shares of Freshpet from $161.00 to $163.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. TD Cowen raised their price objective on Freshpet from $160.00 to $174.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. Citigroup lowered their target price on Freshpet from $155.00 to $142.00 and set a “neutral” rating for the company in a report on Wednesday, February 12th. Finally, Stifel Nicolaus dropped their target price on Freshpet from $165.00 to $155.00 and set a “buy” rating for the company 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 issued a buy rating to the company. According to data from MarketBeat.com, Freshpet currently has an average rating of “Moderate Buy” and an average price target of $156.47.

Freshpet Stock Performance

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’s 50 day moving average price is $139.92 and its 200 day moving average price is $141.80. The company has a market capitalization of $4.67 billion, a P/E ratio of 102.03 and a beta of 1.42.

Freshpet (NASDAQ:FRPT) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.36 EPS for the quarter, meeting analysts’ consensus estimates of $0.36. Freshpet had a net margin of 4.81% and a return on equity of 3.92%. The business had revenue of $262.71 million for the quarter, compared to analysts’ expectations of $275.46 million. As a group, equities analysts expect that Freshpet, Inc. will post 1.55 EPS for the current year.

Hedge Funds Weigh In On Freshpet

Institutional investors and hedge funds have recently modified their holdings of the business. Elequin Capital LP acquired a new position in shares of Freshpet during the 4th quarter valued at $29,000. Geneos Wealth Management Inc. raised its holdings 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. Jones Financial Companies Lllp raised its holdings in shares of Freshpet by 130.9% during 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 during the period. Wilmington Savings Fund Society FSB bought a new position in shares of Freshpet during the 3rd quarter worth about $32,000. Finally, R Squared Ltd acquired a new stake in shares of Freshpet in the 4th quarter valued at about $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.