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Freshpet Inc (FRPT) stock has reached a new 52-week low, trading at 50.11 USD, significantly below its 52-week high of 164.07 USD. This marks a significant downturn for the company, which has seen its stock price decline by 64.14% over the past year. According to InvestingPro data, the company maintains a healthy current ratio of 4.81, indicating strong short-term liquidity. The pet food company, known for its fresh and natural offerings, has faced challenges in maintaining investor confidence amid broader market volatility and competitive pressures. Despite these challenges, the company has achieved 19.3% revenue growth in the last twelve months, with analysts maintaining an optimistic outlook. InvestingPro analysis reveals 13 additional key insights about Freshpet’s financial health and market position, available in the comprehensive Pro Research Report, which provides detailed analysis of what really matters for informed investment decisions.
In other recent news, Freshpet reported revenues of $265 million, marking a 13% year-over-year growth, although this figure slightly missed the consensus estimate of $268 million. Following this earnings report, Benchmark lowered its price target for Freshpet to $95 from $120, maintaining a Buy rating. In a similar move, DA Davidson’s analyst Brian Holland reduced the price target to $101 from $105, while also keeping a Buy rating. UBS has expressed concerns about Freshpet’s sales trends, reducing its price target to $48 from $65 and maintaining a Sell rating. TD Cowen also lowered its price target to $63 from $72, citing slower sequential growth. Meanwhile, JPMorgan assumed coverage with a Neutral rating, adjusting the price target to $70 from $85. These changes highlight varying analyst perspectives on Freshpet’s market position and future performance.
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