Freshpet (NASDAQ:FRPT) Sets New 1-Year Low – Time to Sell?

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

Wall Street Analyst Weigh In

A number of research analysts have recently commented on FRPT shares. Piper Sandler cut their price target on Freshpet from $180.00 to $160.00 and set an “overweight” rating for the company in a report on Friday, February 21st. Oppenheimer dropped their target price on shares of Freshpet from $180.00 to $140.00 and set an “outperform” rating for the company in a research report on Monday, February 24th. Citigroup lowered their target price on Freshpet from $155.00 to $142.00 and set a “neutral” rating for the company in a research note on Wednesday, February 12th. Truist Financial restated a “buy” rating and issued a $140.00 price objective (down previously from $170.00) on shares of Freshpet in a research report on Tuesday, February 25th. Finally, StockNews.com cut shares of Freshpet from a “hold” rating to a “sell” rating in a research report on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, Freshpet presently has a consensus rating of “Moderate Buy” and an average target price of $156.47.

Freshpet Stock Up 1.5 %

The firm’s 50 day moving average is $139.92 and its two-hundred day moving average is $141.80. The firm has a market capitalization of $4.68 billion, a P/E ratio of 102.19 and a beta of 1.42. The company has a debt-to-equity ratio of 0.41, a current ratio of 4.72 and a quick ratio of 3.91.

Freshpet (NASDAQ:FRPT) last posted 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 business had revenue of $262.71 million during the quarter, compared to analysts’ expectations of $275.46 million. Research analysts predict that Freshpet, Inc. will post 1.55 EPS for the current year.

Hedge Funds Weigh In On Freshpet

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. WCM Investment Management LLC boosted its holdings in shares of Freshpet by 749.7% during the 3rd quarter. WCM Investment Management LLC now owns 2,771,377 shares of the company’s stock worth $376,187,000 after buying an additional 2,445,199 shares during the period. Norges Bank bought a new stake in shares of Freshpet in the fourth quarter valued at about $75,253,000. Allspring Global Investments Holdings LLC boosted its position in shares of Freshpet by 198.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 381,385 shares of the company’s stock valued at $55,065,000 after acquiring an additional 253,679 shares during the period. Point72 Asset Management L.P. boosted its holdings in Freshpet by 391.5% in the 3rd quarter. Point72 Asset Management L.P. now owns 234,626 shares of the company’s stock valued at $32,090,000 after purchasing an additional 186,889 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Freshpet by 54.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 439,681 shares of the company’s stock valued at $60,135,000 after purchasing an additional 154,909 shares during the period.

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.