A share price of Freshpet Inc [FRPT] is currently trading at $112.75, down -1.67%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The FRPT shares have gain 1.15% over the last week, with a monthly amount glided 4.50%, and seem to be holding up well over a long-time horizon.
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On 10, April 2024, Freshpet Announces Updates to its Board of Directors. In a post published today on Yahoo Finance, Lauri Kien Kotcher to join Freshpet Board of Directors.
From an analyst’s perspective:
Freshpet Inc [NASDAQ: FRPT] stock has seen the most recent analyst activity on March 11, 2024, when Truist upgraded its rating to a Buy and also boosted its price target to $135 from $120. Previously, Citigroup started tracking the stock with Neutral rating on February 01, 2024, and set its price target to $94. On December 19, 2023, Jefferies initiated with a Hold rating and assigned a price target of $80 on the stock. Wells Fargo started tracking the stock assigning a Overweight rating and suggested a price target of $90 on December 12, 2023. DA Davidson initiated its recommendation with a Buy and recommended $104 as its price target on December 08, 2023. TD Cowen started tracking with a Outperform rating for this stock on September 13, 2023, and assigned it a price target of $90. In a note dated August 08, 2023, JP Morgan downgraded an Neutral rating on this stock and boosted its target price from $78 to $84.
Freshpet Inc experienced fluctuations in its stock price throughout the past year between $54.60 and $117.76. Currently, Wall Street analysts expect the stock to reach $102 within the next 12 months. Freshpet Inc [NASDAQ: FRPT] shares were valued at $112.75 at the most recent close of the market. An investor can expect a potential drop of -9.53% based on the average FRPT price forecast.
Analyzing the FRPT fundamentals
Trailing Twelve Months sales for Freshpet Inc [NASDAQ:FRPT] were 766.89M which represents 29.90% growth. Gross Profit Margin for this corporation currently stands at 0.32% with Operating Profit Margin at -0.04%, Pretax Profit Margin comes in at -0.04%, and Net Profit Margin reading is -0.04%. To continue investigating profitability, this company’s Return on Assets is posted at -0.02, Equity is -0.03 and Total Capital is -0.02. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.42.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 111.74 points at the first support level, and at 110.74 for the second support level. However, for the 1st resistance point, the stock is sitting at 114.19, and for the 2nd resistance point, it is at 115.64.
Freshpet Inc [FRPT] reported earnings per share of $0.31 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.05/share, meaning a difference of $0.26 and a surprise factor of 520.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were -$0.15 per share as compared to estimates of -$0.19 per share, a difference of $0.04 representing a surprise of 21.10%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Freshpet Inc [NASDAQ:FRPT] is 4.79. Also, the Quick Ratio is 4.08, while the Cash Ratio stands at 3.33. Considering the valuation of this stock, the price to sales ratio is 7.10, the price to book ratio is 5.71.
Transactions by insiders
Recent insider trading involved Morris Scott James, President and COO, that happened on Mar 04 ’24 when 2500.0 shares were sold. President and COO, Morris Scott James completed a deal on Feb 29 ’24 to sell 2500.0 shares. Meanwhile, EVP, Secretary Treasurer Macchiaverna Stephen sold 7130.0 shares on Feb 28 ’24.
