Freshpet (NASDAQ:FRPT) Price Target Cut to $110.00 by Analysts at Wells Fargo & Company

Freshpet (NASDAQ:FRPT - Free Report) had its price target cut by Wells Fargo & Company from $142.00 to $110.00 in a report published on Wednesday,Benzinga reports. They currently have an overweight rating on the stock.

Several other equities analysts also recently issued reports on the stock. JPMorgan Chase & Co. dropped their price target on shares of Freshpet from $154.00 to $102.00 and set an "overweight" rating for the company in a research note on Monday, March 10th. Piper Sandler cut their target price on Freshpet from $160.00 to $145.00 and set an "overweight" rating on the stock in a report on Tuesday, March 25th. 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. Citigroup cut their price objective on Freshpet from $155.00 to $142.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 12th. Finally, Oppenheimer lowered shares of Freshpet from an "outperform" rating to a "market perform" rating in a report on Tuesday, March 11th. One analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $146.53.

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Freshpet Price Performance

NASDAQ:FRPT traded down $0.05 on Wednesday, hitting $79.45. The company had a trading volume of 698,155 shares, compared to its average volume of 769,425. Freshpet has a 52 week low of $74.04 and a 52 week high of $164.07. 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 stock has a market capitalization of $3.87 billion, a price-to-earnings ratio of 84.90 and a beta of 1.80. The firm has a 50 day moving average of $110.68 and a two-hundred day moving average of $133.73.

Freshpet (NASDAQ:FRPT - Get Free Report) last released its quarterly earnings data 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 company had revenue of $262.71 million for the quarter, compared to the consensus estimate of $275.46 million. On average, research analysts anticipate that Freshpet will post 1.55 earnings per share for the current year.

Institutional Investors Weigh In On Freshpet

A number of institutional investors and hedge funds have recently made changes to their positions in the business. M&T Bank Corp grew its position in Freshpet by 3.2% during the fourth quarter. M&T Bank Corp now owns 2,253 shares of the company's stock valued at $333,000 after buying an additional 70 shares during the period. Wealth Enhancement Advisory Services LLC grew 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 acquiring an additional 75 shares during the period. Vident Advisory LLC increased its holdings in Freshpet by 4.0% in the 4th quarter. Vident Advisory LLC now owns 2,111 shares of the company's stock worth $313,000 after acquiring an additional 82 shares during the last quarter. Freedom Investment Management Inc. raised its stake in Freshpet by 5.3% in the 4th quarter. Freedom Investment Management Inc. now owns 1,678 shares of the company's stock valued at $249,000 after acquiring an additional 84 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in Freshpet by 19.1% during the fourth quarter. GAMMA Investing LLC now owns 573 shares of the company's stock valued at $85,000 after purchasing an additional 92 shares during 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.