Freshpet, Inc. (NASDAQ:FRPT) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Freshpet, Inc. (NASDAQ:FRPT – Get Rating) have earned a consensus rating of “Buy” from the fourteen ratings firms that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $130.36.

FRPT has been the subject of several recent research reports. Citigroup reduced their price target on shares of Freshpet from $80.00 to $72.00 in a report on Tuesday, May 3rd. Zacks Investment Research raised shares of Freshpet from a “sell” rating to a “hold” rating in a report on Thursday, May 5th. The Goldman Sachs Group raised shares of Freshpet from a “neutral” rating to a “buy” rating and upped their price objective for the company from $111.00 to $136.00 in a report on Tuesday, March 29th. Cowen dropped their price objective on shares of Freshpet from $181.00 to $163.00 in a report on Tuesday, May 3rd. Finally, Oppenheimer dropped their price objective on shares of Freshpet from $120.00 to $110.00 in a report on Tuesday, May 3rd.

FRPT opened at $66.53 on Friday. Freshpet has a fifty-two week low of $53.09 and a fifty-two week high of $183.38. The stock has a market capitalization of $2.89 billion, a price-to-earnings ratio of -80.16 and a beta of 0.73. The company has a fifty day moving average of $93.11 and a 200 day moving average of $99.00. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.01 and a current ratio of 1.48.

Freshpet (NASDAQ:FRPT – Get Rating) last released its quarterly earnings results on Monday, May 2nd. The company reported ($0.40) EPS for the quarter, missing analysts’ consensus estimates of ($0.36) by ($0.04). Freshpet had a negative return on equity of 5.06% and a negative net margin of 7.83%. The firm had revenue of $132.17 million for the quarter, compared to analysts’ expectations of $126.26 million. During the same period in the prior year, the firm posted ($0.26) earnings per share. On average, equities research analysts forecast that Freshpet will post -0.65 earnings per share for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Quadrant Capital Group LLC grew its holdings in shares of Freshpet by 8,433.3% in the first quarter. Quadrant Capital Group LLC now owns 256 shares of the company’s stock valued at $26,000 after purchasing an additional 253 shares during the period. Parallel Advisors LLC boosted its stake in Freshpet by 186.0% during the first quarter. Parallel Advisors LLC now owns 286 shares of the company’s stock worth $30,000 after buying an additional 186 shares during the period. Private Capital Group LLC boosted its stake in Freshpet by 168.4% during the fourth quarter. Private Capital Group LLC now owns 416 shares of the company’s stock worth $40,000 after buying an additional 261 shares during the period. Exchange Traded Concepts LLC purchased a new position in Freshpet during the first quarter worth about $44,000. Finally, FourThought Financial LLC boosted its stake in Freshpet by 69.3% during the fourth quarter. FourThought Financial LLC now owns 452 shares of the company’s stock worth $43,000 after buying an additional 185 shares during the period.

Freshpet Company Profile (Get Rating)

Freshpet, Inc manufactures and markets natural fresh meals and treats for dogs and cats in the United States, Canada, and Europe. The company sells its products under the Freshpet brand; and Dognation and Dog Joy labels through various classes of retail, including grocery, mass, club, pet specialty, and natural, as well as online.

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