Freshpet, Inc. (NASDAQ:FRPT) Given Consensus Recommendation of "Moderate Buy" by Analysts

Freshpet, Inc. (NASDAQ:FRPT - Get Free Report) has earned a consensus rating of "Moderate Buy" from the fifteen ratings firms that are presently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $151.67.

A number of analysts have commented on the stock. Piper Sandler dropped their price target on shares of Freshpet from $180.00 to $160.00 and set an "overweight" rating on the stock in a research report on Friday, February 21st. JPMorgan Chase & Co. cut their target price on Freshpet from $154.00 to $102.00 and set an "overweight" rating for the company in a research report on Monday. Jefferies Financial Group raised Freshpet from a "hold" rating to a "buy" rating and decreased their price target for the company from $155.00 to $150.00 in a research note on Monday, February 24th. Oppenheimer lowered Freshpet from an "outperform" rating to a "market perform" rating in a report on Tuesday. Finally, Citigroup lowered their target price on Freshpet from $155.00 to $142.00 and set a "neutral" rating on the stock in a report on Wednesday, February 12th.

Institutional Investors Weigh In On Freshpet

Institutional investors have recently bought and sold shares of the business. Lecap Asset Management Ltd. purchased a new stake in shares of Freshpet in the fourth quarter worth approximately $817,000. Principal Financial Group Inc. lifted its position in Freshpet by 36.4% in the 4th quarter. Principal Financial Group Inc. now owns 107,657 shares of the company's stock worth $15,945,000 after buying an additional 28,743 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Freshpet by 4.7% during the 3rd quarter. Geode Capital Management LLC now owns 835,663 shares of the company's stock valued at $115,650,000 after buying an additional 37,287 shares during the period. Transcendent Capital Group LLC purchased a new position in shares of Freshpet during the 3rd quarter valued at $1,465,000. Finally, Geneva Capital Management LLC increased its stake in shares of Freshpet by 166.2% in the third quarter. Geneva Capital Management LLC now owns 84,221 shares of the company's stock worth $11,519,000 after acquiring an additional 52,584 shares during the last quarter.

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Freshpet Stock Performance

NASDAQ FRPT traded down $0.43 on Monday, hitting $86.34. The stock had a trading volume of 704,956 shares, compared to its average volume of 1,287,752. The company's 50-day moving average is $133.04 and its two-hundred day moving average is $139.94. The stock has a market cap of $4.21 billion, a price-to-earnings ratio of 91.85 and a beta of 1.58. The company has a quick ratio of 3.91, a current ratio of 4.72 and a debt-to-equity ratio of 0.41. Freshpet has a one year low of $80.27 and a one year high of $164.07.

Freshpet (NASDAQ:FRPT - Get Free Report) last announced its earnings results on Thursday, February 20th. The company reported $0.36 earnings per share for the quarter, meeting the consensus estimate of $0.36. Freshpet had a return on equity of 3.92% and a net margin of 4.81%. The firm had revenue of $262.71 million for the quarter, compared to the consensus estimate of $275.46 million. On average, analysts expect that Freshpet will post 1.55 earnings per share for the current year.

About Freshpet

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.