Freshpet (NASDAQ:FRPT) Price Target Increased to $155.00 by Analysts at Stifel Nicolaus

Freshpet (NASDAQ:FRPT) had its target price upped by Stifel Nicolaus from $135.00 to $155.00 in a research report sent to investors on Friday, Benzinga reports. They currently have a buy rating on the stock.

Several other research analysts have also recently issued reports on FRPT. JPMorgan Chase & Co. upped their price objective on Freshpet from $113.00 to $126.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 6th. Robert W. Baird upped their price objective on Freshpet from $140.00 to $157.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 3rd. Oppenheimer upped their price objective on Freshpet from $135.00 to $155.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 25th. Truist Financial upped their price objective on Freshpet from $135.00 to $160.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, TD Cowen boosted their target price on Freshpet from $143.00 to $160.00 and gave the company a “buy” rating in a report on Wednesday, September 4th. One research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $145.87.

Freshpet Trading Up 0.2 %

FRPT opened at $139.53 on Friday. Freshpet has a 12 month low of $54.60 and a 12 month high of $145.68. The stock has a market capitalization of $6.76 billion, a price-to-earnings ratio of 775.17 and a beta of 1.39. The company has a debt-to-equity ratio of 0.42, a current ratio of 4.50 and a quick ratio of 3.69. The business has a fifty day moving average price of $137.22 and a 200 day moving average price of $127.22.

Freshpet (NASDAQ:FRPT) last released its quarterly earnings data on Monday, August 5th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $0.06. The business had revenue of $235.30 million during the quarter, compared to analysts’ expectations of $230.99 million. Freshpet had a return on equity of 1.78% and a net margin of 2.86%. The business’s quarterly revenue was up 28.4% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.35) EPS. Sell-side analysts expect that Freshpet will post 0.72 earnings per share for the current fiscal year.

Insider Buying and Selling at Freshpet

In other Freshpet news, EVP Stephen Macchiaverna sold 2,178 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $140.01, for a total transaction of $304,941.78. Following the completion of the sale, the executive vice president now directly owns 86,039 shares of the company’s stock, valued at $12,046,320.39. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.60% of the stock is owned by company insiders.

Institutional Trading of Freshpet

Several institutional investors and hedge funds have recently added to or reduced their stakes in FRPT. TimesSquare Capital Management LLC acquired a new position in Freshpet during the 1st quarter worth approximately $17,845,000. Driehaus Capital Management LLC increased its position in Freshpet by 24.4% during the 2nd quarter. Driehaus Capital Management LLC now owns 721,288 shares of the company’s stock worth $93,327,000 after purchasing an additional 141,615 shares during the period. M&G Plc acquired a new position in Freshpet during the 2nd quarter worth approximately $8,892,000. Renaissance Technologies LLC acquired a new position in Freshpet during the 2nd quarter worth approximately $8,902,000. Finally, Price T Rowe Associates Inc. MD increased its position in Freshpet by 199.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 98,924 shares of the company’s stock worth $11,462,000 after purchasing an additional 65,868 shares during the period.

Freshpet Company Profile

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.