Freshpet (NASDAQ:FRPT) Reaches New 1-Year Low – Should You Sell?

Freshpet, Inc. (NASDAQ:FRPT) shares hit a new 52-week low during trading on Tuesday . The company 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 equities research analysts have weighed in on FRPT shares. Wells Fargo & Company decreased their price objective on Freshpet from $170.00 to $142.00 and set an “overweight” rating on the stock in a report on Friday, February 21st. DA Davidson boosted their price target on Freshpet from $183.00 to $189.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Robert W. Baird increased their price objective on Freshpet from $157.00 to $170.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 5th. JPMorgan Chase & Co. boosted their target price on shares of Freshpet from $126.00 to $154.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Finally, Truist Financial reaffirmed a “buy” rating and issued a $140.00 target price (down previously from $170.00) on shares of Freshpet in a report on Tuesday, February 25th. One investment 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $156.47.

Freshpet Price Performance

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 stock’s 50-day moving average price is $141.88 and its 200-day moving average price is $142.33. The company has a market capitalization of $4.68 billion, a price-to-earnings ratio of 102.27 and a beta of 1.42.

Freshpet (NASDAQ:FRPT) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.36 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.36. The firm had revenue of $262.71 million for the quarter, compared to the consensus estimate of $275.46 million. Freshpet had a return on equity of 3.92% and a net margin of 4.81%. Equities research analysts anticipate that Freshpet, Inc. will post 1.55 earnings per share for the current year.

Insider Activity at Freshpet

In other Freshpet news, President Scott James Morris sold 5,000 shares of the company’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $157.38, for a total transaction of $786,900.00. Following the transaction, the president now directly owns 122,380 shares in the company, valued at approximately $19,260,164.40. This represents a 3.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On Freshpet

Several institutional investors have recently modified their holdings of FRPT. Elequin Capital LP bought a new position in Freshpet in the fourth quarter valued at approximately $29,000. Geneos Wealth Management Inc. raised its position in shares of Freshpet by 302.0% during the 4th quarter. Geneos Wealth Management Inc. now owns 201 shares of the company’s stock valued at $30,000 after acquiring an additional 151 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Freshpet in the 3rd quarter valued at $32,000. Jones Financial Companies Lllp boosted its position in shares of Freshpet by 130.9% in the 4th quarter. Jones Financial Companies Lllp now owns 217 shares of the company’s stock worth $32,000 after purchasing an additional 123 shares during the last quarter. Finally, R Squared Ltd acquired a new stake in shares of Freshpet during the fourth quarter worth $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.