Freshpet (NASDAQ:FRPT) Trading Up 0.3% – Still a Buy?

Freshpet, Inc. (NASDAQ:FRPT) traded up 0.3% during mid-day trading on Monday . The company traded as high as $88.70 and last traded at $86.92. 214,306 shares traded hands during trading, a decline of 71% from the average session volume of 729,275 shares. The stock had previously closed at $86.64.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on FRPT shares. Truist Financial reiterated a “buy” rating and issued a $140.00 price objective (down previously from $170.00) on shares of Freshpet in a report on Tuesday, February 25th. Piper Sandler dropped their price target on shares of Freshpet from $160.00 to $145.00 and set an “overweight” rating on the stock in a research note on Tuesday. Stifel Nicolaus reduced their price objective on shares of Freshpet from $155.00 to $135.00 and set a “buy” rating for the company in a research report on Monday, March 10th. JPMorgan Chase & Co. decreased their price objective on shares of Freshpet from $154.00 to $102.00 and set an “overweight” rating for the company in a research note on Monday, March 10th. Finally, Wells Fargo & Company decreased their price objective on Freshpet from $170.00 to $142.00 and set an “overweight” rating for the company in a report on Friday, February 21st. One analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $150.67.

Freshpet Trading Down 2.9 %

The company has a quick ratio of 3.91, a current ratio of 4.72 and a debt-to-equity ratio of 0.41. The company’s fifty day moving average price is $122.34 and its two-hundred day moving average price is $136.83. The firm has a market cap of $4.20 billion, a PE ratio of 91.73 and a beta of 1.58.

Freshpet (NASDAQ:FRPT) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.36 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.36. The company had revenue of $262.71 million for 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, sell-side analysts forecast that Freshpet, Inc. will post 1.55 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of FRPT. M&T Bank Corp grew its stake in shares of Freshpet by 3.2% during the 4th quarter. M&T Bank Corp now owns 2,253 shares of the company’s stock worth $333,000 after purchasing an additional 70 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in Freshpet by 1.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 5,887 shares of the company’s stock worth $805,000 after buying an additional 75 shares during the period. Vident Advisory LLC grew its position in Freshpet by 4.0% during the fourth quarter. Vident Advisory LLC now owns 2,111 shares of the company’s stock worth $313,000 after buying an additional 82 shares during the period. Freedom Investment Management Inc. increased its holdings in Freshpet by 5.3% in the fourth quarter. Freedom Investment Management Inc. now owns 1,678 shares of the company’s stock valued at $249,000 after buying an additional 84 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Freshpet by 19.1% during the 4th quarter. GAMMA Investing LLC now owns 573 shares of the company’s stock valued at $85,000 after acquiring an additional 92 shares during the period.

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.