Freshpet (NASDAQ:FRPT) Price Target Lowered to $48.00 at UBS Group

Freshpet (NASDAQ:FRPT) had its price target decreased by UBS Group from $65.00 to $48.00 in a report released on Monday,Benzinga reports. The brokerage presently has a “sell” rating on the stock. UBS Group’s price objective would indicate a potential downside of 13.15% from the stock’s current price.

A number of other equities analysts have also commented on FRPT. DA Davidson set a $101.00 price target on shares of Freshpet in a research report on Thursday, August 7th. Wall Street Zen upgraded shares of Freshpet from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Zacks Research raised Freshpet from a “strong sell” rating to a “hold” rating in a research report on Friday, August 22nd. Truist Financial reduced their price objective on shares of Freshpet from $80.00 to $70.00 and set a “hold” rating for the company in a report on Tuesday, August 5th. Finally, TD Cowen downgraded Freshpet from a “buy” rating to a “hold” rating and set a $96.00 target price for the company. in a research report on Wednesday, May 28th. Eight equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $108.07.

Freshpet Price Performance

Shares of NASDAQ:FRPT opened at $55.27 on Monday. The firm has a market cap of $2.70 billion, a price-to-earnings ratio of 82.49, a P/E/G ratio of 0.98 and a beta of 1.72. The business has a fifty day simple moving average of $65.33 and a 200 day simple moving average of $76.36. Freshpet has a 1 year low of $52.27 and a 1 year high of $164.07. The company has a current ratio of 4.81, a quick ratio of 3.75 and a debt-to-equity ratio of 0.40.

Freshpet (NASDAQ:FRPT) last posted its earnings results on Monday, August 4th. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.21. The firm had revenue of $264.69 million during the quarter, compared to analysts’ expectations of $269.75 million. Freshpet had a net margin of 3.23% and a return on equity of 4.82%. The company’s revenue was up 12.5% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.03) earnings per share. Freshpet has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict that Freshpet will post 1.55 earnings per share for the current fiscal year.

Institutional Trading of Freshpet

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Banque Transatlantique SA bought a new stake in shares of Freshpet during the first quarter worth approximately $25,000. Elequin Capital LP bought a new stake in Freshpet in the fourth quarter valued at about $29,000. WPG Advisers LLC acquired a new position in Freshpet in the first quarter valued at about $34,000. EverSource Wealth Advisors LLC boosted its holdings in Freshpet by 1,388.2% during the second quarter. EverSource Wealth Advisors LLC now owns 506 shares of the company’s stock worth $34,000 after buying an additional 472 shares during the last quarter. Finally, State of Wyoming bought a new position in Freshpet during the second quarter worth about $34,000.

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.