Freshpet (NASDAQ:FRPT) Price Target Raised to $174.00 at TD Cowen

Freshpet (NASDAQ:FRPT - Get Free Report) had its target price lifted by stock analysts at TD Cowen from $160.00 to $174.00 in a report issued on Tuesday, Benzinga reports. The firm currently has a "buy" rating on the stock. TD Cowen's price target suggests a potential upside of 14.78% from the stock's current price.

Several other research firms have also weighed in on FRPT. Truist Financial increased their target price on Freshpet from $160.00 to $170.00 and gave the company a "buy" rating in a research note on Tuesday. Stifel Nicolaus boosted their price objective on Freshpet from $135.00 to $155.00 and gave the company a "buy" rating in a research report on Friday, October 18th. JPMorgan Chase & Co. raised their target price on shares of Freshpet from $126.00 to $154.00 and gave the stock a "neutral" rating in a report on Tuesday. Wells Fargo & Company upped their price target on shares of Freshpet from $157.00 to $175.00 and gave the company an "overweight" rating in a report on Tuesday. Finally, Robert W. Baird boosted their price objective on shares of Freshpet from $157.00 to $170.00 and gave the company an "outperform" rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have assigned 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 $155.47.

Freshpet Stock Performance

FRPT traded up $1.02 on Tuesday, hitting $151.59. 860,044 shares of the stock traded hands, compared to its average volume of 582,760. The business has a fifty day moving average price of $137.88 and a two-hundred day moving average price of $129.30. The company has a current ratio of 4.50, a quick ratio of 3.69 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $7.35 billion, a PE ratio of 170.33 and a beta of 1.39. Freshpet has a 52 week low of $65.81 and a 52 week high of $154.80.

Freshpet (NASDAQ:FRPT - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $253.40 million during the quarter, compared to analysts' expectations of $248.36 million. Freshpet had a return on equity of 1.78% and a net margin of 2.86%. The business's revenue was up 26.3% on a year-over-year basis. During the same period last year, the business earned ($0.15) earnings per share. On average, research analysts predict that Freshpet will post 0.73 EPS for the current fiscal year.

Insider Buying and Selling at Freshpet

In other news, EVP Stephen Macchiaverna sold 2,178 shares of the company's stock in a transaction that occurred 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 transaction, the executive vice president now owns 86,039 shares of the company's stock, valued at approximately $12,046,320.39. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 3.70% of the company's stock.

Institutional Trading of Freshpet

Several hedge funds and other institutional investors have recently bought and sold shares of the business. WCM Investment Management LLC raised its stake in Freshpet by 749.7% in the third quarter. WCM Investment Management LLC now owns 2,771,377 shares of the company's stock valued at $376,187,000 after purchasing an additional 2,445,199 shares in the last quarter. TimesSquare Capital Management LLC acquired a new stake in shares of Freshpet in the 1st quarter valued at $17,845,000. Driehaus Capital Management LLC raised its holdings in shares of Freshpet by 24.4% during the 2nd quarter. Driehaus Capital Management LLC now owns 721,288 shares of the company's stock worth $93,327,000 after buying an additional 141,615 shares in the last quarter. M&G Plc bought a new stake in shares of Freshpet during the 2nd quarter worth $8,892,000. Finally, Renaissance Technologies LLC acquired a new stake in Freshpet in the second quarter valued at about $8,902,000.

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.