Freshpet, Inc. (NASDAQ:FRPT) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Freshpet, Inc. (NASDAQ:FRPT) have earned an average rating of “Moderate Buy” from the fifteen ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $151.67.

Several equities analysts have issued reports on FRPT shares. Truist Financial reiterated a “buy” rating and set a $140.00 target price (down previously from $170.00) on shares of Freshpet in a research report on Tuesday, February 25th. Piper Sandler decreased their price target on Freshpet from $180.00 to $160.00 and set an “overweight” rating on the stock in a research note on Friday, February 21st. Jefferies Financial Group raised Freshpet from a “hold” rating to a “buy” rating and decreased their price target for the stock from $155.00 to $150.00 in a research note on Monday, February 24th. JPMorgan Chase & Co. decreased their price target on Freshpet from $154.00 to $102.00 and set an “overweight” rating on the stock in a research note on Monday, March 10th. Finally, Wells Fargo & Company decreased their price target on Freshpet from $170.00 to $142.00 and set an “overweight” rating on the stock in a research note on Friday, February 21st.

Institutional Investors Weigh In On Freshpet

A number of institutional investors and hedge funds have recently bought and sold shares of FRPT. M&T Bank Corp lifted its stake in shares of Freshpet by 3.2% during the 4th quarter. M&T Bank Corp now owns 2,253 shares of the company’s stock worth $333,000 after purchasing an additional 70 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Freshpet by 1.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,887 shares of the company’s stock worth $805,000 after purchasing an additional 75 shares during the period. Vident Advisory LLC lifted its stake in shares of Freshpet by 4.0% during the 4th quarter. Vident Advisory LLC now owns 2,111 shares of the company’s stock worth $313,000 after purchasing an additional 82 shares during the period. Freedom Investment Management Inc. lifted its stake in shares of Freshpet by 5.3% during the 4th quarter. Freedom Investment Management Inc. now owns 1,678 shares of the company’s stock worth $249,000 after purchasing an additional 84 shares during the period. Finally, GAMMA Investing LLC lifted its stake in shares of Freshpet by 19.1% during the 4th quarter. GAMMA Investing LLC now owns 573 shares of the company’s stock worth $85,000 after purchasing an additional 92 shares during the period.

Freshpet Stock Performance

NASDAQ FRPT opened at $87.84 on Monday. The company has a current ratio of 4.72, a quick ratio of 3.91 and a debt-to-equity ratio of 0.41. The business’s 50 day moving average is $130.72 and its two-hundred day moving average is $139.29. Freshpet has a 12-month low of $80.27 and a 12-month high of $164.07. The stock has a market capitalization of $4.28 billion, a price-to-earnings ratio of 93.45 and a beta of 1.58.

Freshpet (NASDAQ:FRPT) last released its earnings results on Thursday, February 20th. The company reported $0.36 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.36. Freshpet had a return on equity of 3.92% and a net margin of 4.81%. The company had revenue of $262.71 million for the quarter, compared to analysts’ expectations of $275.46 million. Research analysts expect that Freshpet will post 1.55 EPS for the current year.

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.