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

Freshpet, Inc. (NASDAQ:FRPT) shares hit a new 52-week low during mid-day trading on Friday . The company traded as low as $77.15 and last traded at $79.49, with a volume of 1749998 shares traded. The stock had previously closed at $81.20.

Wall Street Analyst Weigh In

A number of analysts have recently commented on FRPT shares. Truist Financial cut their price target on Freshpet from $140.00 to $110.00 and set a “buy” rating on the stock in a research note on Monday, March 31st. JPMorgan Chase & Co. cut their target price on shares of Freshpet from $154.00 to $102.00 and set an “overweight” rating on the stock in a research report on Monday, March 10th. Oppenheimer cut shares of Freshpet from an “outperform” rating to a “market perform” rating in a research report on Tuesday, March 11th. Citigroup cut their price target on shares of Freshpet from $155.00 to $142.00 and set a “neutral” rating on the stock in a report on Wednesday, February 12th. Finally, Wells Fargo & Company decreased their price objective on Freshpet from $142.00 to $110.00 and set an “overweight” rating for the company in a report on Wednesday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $146.53.

Freshpet Trading Down 2.1 %

The firm’s 50 day simple moving average is $110.68 and its two-hundred day simple moving average is $133.82. The stock has a market capitalization of $3.87 billion, a P/E ratio of 84.56 and a beta of 1.80. The company has a quick ratio of 3.91, a current ratio of 4.72 and a debt-to-equity ratio of 0.41.

Freshpet (NASDAQ:FRPT) last issued its earnings results on Thursday, February 20th. The company reported $0.36 EPS for the quarter, meeting analysts’ consensus estimates of $0.36. The business 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%. As a group, analysts forecast that Freshpet, Inc. will post 1.55 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Freshpet

A number of large investors have recently modified their holdings of FRPT. Elequin Capital LP acquired a new position in Freshpet during the fourth quarter worth $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 worth $30,000 after acquiring an additional 151 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Freshpet in the 3rd quarter worth about $32,000. Jones Financial Companies Lllp lifted its position in Freshpet by 130.9% in the 4th quarter. Jones Financial Companies Lllp now owns 217 shares of the company’s stock valued at $32,000 after acquiring an additional 123 shares in the last quarter. Finally, R Squared Ltd acquired a new position in Freshpet during the 4th quarter valued at about $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.