What Will Happen to Freshpet, Inc. (FRPT) Next? The Stock Just Reaches 52-Week High

June 13, 2018 - By Shawn Hawthorne

Freshpet, Inc. (NASDAQ:FRPT) Logo

Investors sentiment decreased to 1.26 in Q1 2018. Its down 0.06, from 1.32 in 2017Q4. It turned negative, as 15 investors sold Freshpet, Inc. shares while 32 reduced holdings. 23 funds opened positions while 36 raised stakes. 25.24 million shares or 2.31% more from 24.67 million shares in 2017Q4 were reported.
Rhumbline Advisers invested in 20,992 shares or 0% of the stock. Wealthtrust has invested 0.01% in Freshpet, Inc. (NASDAQ:FRPT). Howe And Rusling Inc holds 0% or 195 shares. Tokio Marine Asset Limited holds 26,100 shares. Fincl Advisers Limited Liability Com invested in 0% or 25,050 shares. Old State Bank In owns 12,183 shares for 0.01% of their portfolio. Nj State Employees Deferred Compensation Plan reported 0.15% stake. 276,159 were reported by Credit Suisse Ag. Tudor Corporation Et Al reported 14,993 shares. Royal State Bank Of Canada accumulated 24,867 shares. Parametric Port Assoc accumulated 102,726 shares or 0% of the stock. Fdx Advsr Inc holds 0.01% or 19,464 shares. Blair William Comm Il accumulated 25,075 shares. California Public Employees Retirement Systems owns 12,903 shares. Broadview Advisors Ltd Liability holds 511,525 shares or 1.38% of its portfolio.

The stock of Freshpet, Inc. (NASDAQ:FRPT) hit a new 52-week high and has $26.14 target or 8.00 % above today’s $24.20 share price. The 8 months bullish chart indicates low risk for the $851.71M company. The 1-year high was reported on Jun, 13 by Barchart.com. If the $26.14 price target is reached, the company will be worth $68.14 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock decreased 0.21% or $0.05 during the last trading session, reaching $24.2. About 39,799 shares traded. Freshpet, Inc. (NASDAQ:FRPT) has risen 49.16% since June 13, 2017 and is uptrending. It has outperformed by 36.59% the S&P500.

Analysts await Freshpet, Inc. (NASDAQ:FRPT) to report earnings on August, 6. They expect $-0.06 EPS, up 25.00 % or $0.02 from last year’s $-0.08 per share. After $-0.10 actual EPS reported by Freshpet, Inc. for the previous quarter, Wall Street now forecasts -40.00 % EPS growth.

Freshpet, Inc. (NASDAQ:FRPT) Ratings Coverage

Among 4 analysts covering Freshpet (NASDAQ:FRPT), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. Freshpet has $23.0 highest and $20 lowest target. $21.75’s average target is -10.12% below currents $24.2 stock price. Freshpet had 6 analyst reports since December 14, 2017 according to SRatingsIntel. The stock has “Buy” rating by Robert W. Baird on Tuesday, January 9. The rating was maintained by Credit Suisse with “Neutral” on Wednesday, January 24. As per Tuesday, January 2, the company rating was maintained by Robert W. Baird. The stock has “Buy” rating by SunTrust on Monday, March 5. The company was maintained on Tuesday, March 6 by Robert W. Baird. The firm has “Buy” rating by Stifel Nicolaus given on Thursday, December 14.

More recent Freshpet, Inc. (NASDAQ:FRPT) news were published by: Nasdaq.com which released: “Freshpet, Inc. Names Dr. Gerardo Perez-Camargo as Vice President of Research and Development” on May 22, 2018. Also Globenewswire.com published the news titled: “Freshpet, Inc. to Participate in Upcoming Investor Conferences” on May 29, 2018. Globenewswire.com‘s news article titled: “Recent Analysis Shows Engility, La Jolla Pharmaceutical, Freshpet, At Home Group, Denny’s, and SP Plus Market …” with publication date: May 21, 2018 was also an interesting one.

Freshpet, Inc. manufactures and markets natural fresh, refrigerated meals, and treats for dogs and cats in the United States, Canada, and the United Kingdom. The company has market cap of $851.71 million. It sells its products under the Freshpet brand, as well as under the Dognation and Dog Joy labels through various classes of retail, including grocery, mass, club, pet specialty, and natural. It currently has negative earnings.

Freshpet, Inc. (NASDAQ:FRPT) Ratings Chart

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