Freshpet (NASDAQ:FRPT - Get Free Report) had its target price increased by research analysts at Stifel Nicolaus from $155.00 to $165.00 in a research note issued on Wednesday, Benzinga reports. The brokerage currently has a "buy" rating on the stock. Stifel Nicolaus' target price would suggest a potential upside of 6.27% from the stock's current price.
A number of other equities analysts have also recently commented on FRPT. Deutsche Bank Aktiengesellschaft upped their price target on shares of Freshpet from $161.00 to $163.00 and gave the company a "buy" rating in a research report on Tuesday. Citigroup increased their target price on shares of Freshpet from $124.00 to $129.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 17th. Robert W. Baird raised their price target on Freshpet from $157.00 to $170.00 and gave the stock an "outperform" rating in a report on Tuesday. TD Cowen upped their price objective on Freshpet from $160.00 to $174.00 and gave the company a "buy" rating in a research note on Tuesday. Finally, Wells Fargo & Company lifted their target price on Freshpet from $157.00 to $175.00 and gave the company an "overweight" rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, three have given a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, Freshpet currently has a consensus rating of "Moderate Buy" and an average target price of $156.13.
View Our Latest Stock Report on FRPT
Freshpet Stock Up 2.4 %
Freshpet stock traded up $3.67 during trading on Wednesday, reaching $155.27. The stock had a trading volume of 1,044,710 shares, compared to its average volume of 585,028. The company has a quick ratio of 3.69, a current ratio of 4.50 and a debt-to-equity ratio of 0.42. Freshpet has a 52-week low of $65.81 and a 52-week high of $157.10. The stock has a market cap of $7.53 billion, a PE ratio of 174.46 and a beta of 1.39. The business has a 50 day moving average price of $138.60 and a 200 day moving average price of $129.81.
Freshpet (NASDAQ:FRPT - Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.14 by $0.10. The firm had revenue of $253.40 million during the quarter, compared to the consensus estimate of $248.36 million. Freshpet had a return on equity of 1.78% and a net margin of 2.86%. The firm's quarterly revenue was up 26.3% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.15) earnings per share. On average, analysts predict that Freshpet will post 0.73 EPS for the current year.
Insider Buying and Selling
In other news, EVP Stephen Macchiaverna sold 2,178 shares of the firm's stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $140.01, for a total value of $304,941.78. Following the completion of the transaction, the executive vice president now owns 86,039 shares in the company, valued at $12,046,320.39. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 3.70% of the company's stock.
Institutional Investors Weigh In On Freshpet
A number of large investors have recently bought and sold shares of FRPT. ORG Wealth Partners LLC purchased a new position in shares of Freshpet during the third quarter valued at approximately $29,000. ORG Partners LLC acquired a new stake in shares of Freshpet during the second quarter worth $32,000. Whittier Trust Co. acquired a new stake in shares of Freshpet during the first quarter worth $41,000. GAMMA Investing LLC grew its position in shares of Freshpet by 41.1% in the second quarter. GAMMA Investing LLC now owns 371 shares of the company's stock valued at $48,000 after purchasing an additional 108 shares during the period. Finally, Benjamin F. Edwards & Company Inc. increased its stake in Freshpet by 3,670.0% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 377 shares of the company's stock valued at $49,000 after purchasing an additional 367 shares during the last quarter.
About Freshpet
(
Get Free Report)
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.
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