Freshpet (NASDAQ:FRPT) Shares Gap Up to $39.89

Freshpet, Inc. (NASDAQ:FRPTGet Rating) shares gapped up prior to trading on Wednesday . The stock had previously closed at $39.89, but opened at $41.49. Freshpet shares last traded at $41.10, with a volume of 13,048 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on FRPT shares. The Goldman Sachs Group reduced their price objective on shares of Freshpet from $120.00 to $79.00 and set a “buy” rating on the stock in a report on Wednesday, August 10th. Cowen reduced their price objective on shares of Freshpet from $118.00 to $97.00 and set an “outperform” rating on the stock in a report on Thursday, September 8th. Robert W. Baird cut their price target on shares of Freshpet from $90.00 to $70.00 in a research note on Thursday, September 8th. Stifel Nicolaus cut their price target on shares of Freshpet from $135.00 to $75.00 and set a “buy” rating on the stock in a research note on Tuesday, August 9th. Finally, Piper Sandler started coverage on shares of Freshpet in a research note on Thursday, August 18th. They set an “overweight” rating and a $69.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $78.38.

Freshpet Trading Up 15.9 %

The business’s 50-day moving average price is $46.36 and its two-hundred day moving average price is $67.40. The company has a debt-to-equity ratio of 0.06, a current ratio of 6.42 and a quick ratio of 5.56. The firm has a market cap of $2.17 billion, a price-to-earnings ratio of -40.96 and a beta of 0.92.

Freshpet (NASDAQ:FRPTGet Rating) last posted its quarterly earnings data on Monday, August 8th. The company reported ($0.45) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.31). The firm had revenue of $146.01 million during the quarter, compared to analyst estimates of $147.89 million. Freshpet had a negative net margin of 9.86% and a negative return on equity of 6.21%. The business’s quarterly revenue was up 34.4% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.17) EPS. Equities analysts expect that Freshpet, Inc. will post -0.75 earnings per share for the current year.

Institutional Investors Weigh In On Freshpet

A number of institutional investors have recently bought and sold shares of FRPT. Quadrant Capital Group LLC grew its holdings in 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 grew 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. First Horizon Advisors Inc. grew its stake in Freshpet by 414.7% during the second quarter. First Horizon Advisors Inc. now owns 664 shares of the company’s stock worth $34,000 after buying an additional 535 shares during the period. Exchange Traded Concepts LLC purchased a new stake in Freshpet during the first quarter worth approximately $44,000. Finally, Signaturefd LLC grew its stake in Freshpet by 373.7% during the first quarter. Signaturefd LLC now owns 469 shares of the company’s stock worth $48,000 after buying an additional 370 shares during the period.

About Freshpet

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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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