Freshpet (NASDAQ:FRPT) Price Target Lowered to $142.00 at Citigroup

Freshpet (NASDAQ:FRPT) had its price objective decreased by Citigroup from $155.00 to $142.00 in a report issued on Wednesday,Benzinga reports. Citigroup currently has a neutral rating on the stock.

Several other research analysts have also weighed in on the company. Benchmark reiterated a “buy” rating and set a $150.00 target price on shares of Freshpet in a report on Friday, November 1st. JPMorgan Chase & Co. lifted their target price on Freshpet from $126.00 to $154.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Oppenheimer lifted their target price on Freshpet from $155.00 to $180.00 and gave the stock an “outperform” rating in a report on Thursday, November 14th. StockNews.com lowered Freshpet from a “hold” rating to a “sell” rating in a report on Wednesday, November 20th. Finally, Truist Financial lifted their target price on Freshpet from $160.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $164.29.

Freshpet Stock Up 0.6 %

NASDAQ:FRPT opened at $131.59 on Wednesday. Freshpet has a 12-month low of $84.02 and a 12-month high of $164.07. The company has a quick ratio of 3.91, a current ratio of 4.72 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $6.39 billion, a P/E ratio of 147.86 and a beta of 1.42. The stock’s fifty day simple moving average is $149.25 and its 200-day simple moving average is $142.99.

Insider Activity at Freshpet

In other Freshpet news, President Scott James Morris sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $157.38, for a total transaction of $786,900.00. Following the transaction, the president now owns 122,380 shares of the company’s stock, valued at $19,260,164.40. The trade was a 3.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On Freshpet

A number of institutional investors have recently bought and sold shares of FRPT. GAMMA Investing LLC increased its position in Freshpet by 29.6% during the third quarter. GAMMA Investing LLC now owns 481 shares of the company’s stock worth $66,000 after buying an additional 110 shares during the last quarter. CWM LLC boosted its stake in shares of Freshpet by 828.4% in the third quarter. CWM LLC now owns 4,605 shares of the company’s stock valued at $630,000 after buying an additional 4,109 shares during the period. ORG Wealth Partners LLC acquired a new position in Freshpet during the third quarter valued at approximately $29,000. Trust Point Inc. boosted its holdings in shares of Freshpet by 2.8% in the 3rd quarter. Trust Point Inc. now owns 16,427 shares of the company’s stock valued at $2,247,000 after purchasing an additional 443 shares in the last quarter. Finally, Blue Trust Inc. boosted its holdings in shares of Freshpet by 2,770.4% in the 3rd quarter. Blue Trust Inc. now owns 775 shares of the company’s stock valued at $100,000 after purchasing an additional 748 shares in the last quarter.

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.