Freshpet (NASDAQ:FRPT) Price Target Lowered to $140.00 at Benchmark

Freshpet (NASDAQ:FRPT - Free Report) had its price objective decreased by Benchmark from $195.00 to $140.00 in a research report released on Tuesday morning,Benzinga reports. Benchmark currently has a buy rating on the stock.

Other analysts also recently issued reports about the company. JPMorgan Chase & Co. lowered their price target on Freshpet from $102.00 to $91.00 and set a "neutral" rating for the company in a report on Thursday, April 10th. Jefferies Financial Group raised Freshpet from a "hold" rating to a "buy" rating and reduced their price target for the stock from $155.00 to $150.00 in a research report on Monday, February 24th. Truist Financial lowered their price objective on shares of Freshpet from $140.00 to $110.00 and set a "buy" rating for the company in a research report on Monday, March 31st. Oppenheimer cut shares of Freshpet from an "outperform" rating to a "market perform" rating in a research report on Tuesday, March 11th. Finally, Citigroup lowered their price target on shares of Freshpet from $155.00 to $142.00 and set a "neutral" rating for the company in a report on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $140.80.

Freshpet Trading Up 1.2 %

NASDAQ:FRPT traded up $0.94 during mid-day trading on Tuesday, reaching $77.57. The company's stock had a trading volume of 782,018 shares, compared to its average volume of 800,575. 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 stock has a market cap of $3.78 billion, a P/E ratio of 82.52 and a beta of 1.80. The company's fifty day simple moving average is $93.09 and its two-hundred day simple moving average is $128.83. Freshpet has a twelve month low of $72.90 and a twelve month high of $164.07.

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

Institutional Trading of Freshpet

Several large investors have recently added to or reduced their stakes in FRPT. XTX Topco Ltd acquired a new position in Freshpet during the third quarter valued at $202,000. M&T Bank Corp boosted its holdings in shares of Freshpet by 8.8% during the third quarter. M&T Bank Corp now owns 2,183 shares of the company's stock worth $299,000 after purchasing an additional 177 shares during the period. Geode Capital Management LLC grew its position in Freshpet by 4.7% during the third quarter. Geode Capital Management LLC now owns 835,663 shares of the company's stock valued at $115,650,000 after purchasing an additional 37,287 shares in the last quarter. Virtu Financial LLC purchased a new position in Freshpet during the third quarter valued at approximately $226,000. Finally, Sanctuary Advisors LLC acquired a new position in Freshpet in the 3rd quarter valued at approximately $351,000.

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.