Freshpet, Inc. (NASDAQ:FRPT – Get Rating) saw some unusual options trading on Wednesday. Investors acquired 2,387 put options on the stock. This represents an increase of approximately 117% compared to the typical volume of 1,098 put options.
Wall Street Analysts Forecast Growth
FRPT has been the subject of several analyst reports. StockNews.com upgraded Freshpet to a “sell” rating in a report on Tuesday, May 17th. Citigroup decreased their price objective on Freshpet from $40.00 to $32.00 and set a “sell” rating for the company in a report on Wednesday, August 10th. Stephens decreased their price objective on Freshpet from $120.00 to $100.00 and set an “overweight” rating for the company in a report on Tuesday, August 9th. Piper Sandler initiated coverage on Freshpet in a report on Thursday, August 18th. They issued an “overweight” rating and a $69.00 price objective for the company. Finally, Stifel Nicolaus decreased their price objective on Freshpet from $135.00 to $75.00 and set a “buy” rating for the company in a report on Tuesday, August 9th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $91.23.
Institutional Investors Weigh In On Freshpet
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Quadrant Capital Group LLC raised its position in Freshpet by 8,433.3% during 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 in the last quarter. Parallel Advisors LLC raised its position in Freshpet by 186.0% during the first quarter. Parallel Advisors LLC now owns 286 shares of the company’s stock valued at $30,000 after purchasing an additional 186 shares in the last quarter. First Horizon Advisors Inc. raised its position in Freshpet by 414.7% during the second quarter. First Horizon Advisors Inc. now owns 664 shares of the company’s stock valued at $34,000 after purchasing an additional 535 shares in the last quarter. Exchange Traded Concepts LLC acquired a new position in Freshpet during the first quarter valued at approximately $44,000. Finally, Signaturefd LLC raised its position in Freshpet by 373.7% during the first quarter. Signaturefd LLC now owns 469 shares of the company’s stock valued at $48,000 after purchasing an additional 370 shares in the last quarter.
Freshpet Trading Down 4.9 %
Shares of FRPT stock opened at $38.99 on Thursday. The firm has a 50 day moving average price of $48.48 and a two-hundred day moving average price of $71.58. The company has a quick ratio of 5.56, a current ratio of 6.42 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $1.86 billion, a PE ratio of -35.13 and a beta of 0.92. Freshpet has a 12-month low of $37.52 and a 12-month high of $159.66.
Freshpet (NASDAQ:FRPT – Get Rating) last issued its quarterly earnings data on Monday, August 8th. The company reported ($0.45) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.31). The company had revenue of $146.01 million for the quarter, compared to analyst estimates of $147.89 million. Freshpet had a negative return on equity of 6.21% and a negative net margin of 9.86%. The company’s revenue was up 34.4% on a year-over-year basis. During the same quarter last year, the business earned ($0.17) earnings per share. As a group, analysts predict that Freshpet will post -0.69 earnings per share for the current year.
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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