Freshpet (NASDAQ:FRPT) Given New $115.00 Price Target at Stifel Nicolaus

Freshpet (NASDAQ:FRPT - Free Report) had its price target lowered by Stifel Nicolaus from $135.00 to $115.00 in a research note published on Thursday,Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

FRPT has been the subject of several other research reports. Oppenheimer cut shares of Freshpet from an "outperform" rating to a "market perform" rating in a research report on Tuesday, March 11th. Wells Fargo & Company dropped their target price on Freshpet from $142.00 to $110.00 and set an "overweight" rating for the company in a report on Wednesday, April 2nd. Truist Financial decreased their price target on Freshpet from $140.00 to $110.00 and set a "buy" rating on the stock in a research note on Monday, March 31st. Piper Sandler cut their target price on shares of Freshpet from $160.00 to $145.00 and set an "overweight" rating on the stock in a report on Tuesday, March 25th. Finally, Citigroup decreased their target price on shares of Freshpet from $155.00 to $142.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $144.47.

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Freshpet Price Performance

NASDAQ FRPT traded up $2.02 during trading on Thursday, reaching $80.19. The company's stock had a trading volume of 1,180,408 shares, compared to its average volume of 789,768. The stock has a market capitalization of $3.91 billion, a PE ratio of 85.31 and a beta of 1.80. The company has a debt-to-equity ratio of 0.41, a current ratio of 4.72 and a quick ratio of 3.91. The firm has a fifty day moving average of $99.37 and a 200 day moving average of $130.79. Freshpet has a one year low of $72.90 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 analysts' consensus estimates of $0.36. Freshpet had a net margin of 4.81% and a return on equity of 3.92%. The business had revenue of $262.71 million for the quarter, compared to the consensus estimate of $275.46 million. Analysts expect that Freshpet will post 1.55 EPS for the current fiscal year.

Institutional Investors Weigh In On Freshpet

Several large investors have recently bought and sold shares of the business. M&T Bank Corp boosted its holdings 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 valued at $333,000 after acquiring an additional 70 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in Freshpet by 1.3% in the fourth 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 last quarter. Vident Advisory LLC grew its position 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 purchasing an additional 82 shares during the period. Freedom Investment Management Inc. grew its position in Freshpet by 5.3% in 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 raised its stake in Freshpet by 19.1% during the 4th quarter. GAMMA Investing LLC now owns 573 shares of the company's stock valued at $85,000 after buying 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.