Freshpet (NASDAQ:FRPT - Get Free Report) had its target price lowered by analysts at JPMorgan Chase & Co. from $154.00 to $102.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price target indicates a potential upside of 17.92% from the stock's previous close.
A number of other analysts have also recently commented on the company. Truist Financial reiterated a "buy" rating and set a $140.00 target price (down previously from $170.00) on shares of Freshpet in a research report on Tuesday, February 25th. Oppenheimer decreased their price objective on Freshpet from $180.00 to $140.00 and set an "outperform" rating for the company in a research report on Monday, February 24th. Jefferies Financial Group raised Freshpet from a "hold" rating to a "buy" rating and decreased their price target for the stock from $155.00 to $150.00 in a report on Monday, February 24th. Piper Sandler lowered their target price on shares of Freshpet from $180.00 to $160.00 and set an "overweight" rating on the stock in a report on Friday, February 21st. Finally, Wells Fargo & Company reduced their price objective on shares of Freshpet from $170.00 to $142.00 and set an "overweight" rating for the company in a research report on Friday, February 21st. One research 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, the company currently has a consensus rating of "Moderate Buy" and an average target price of $151.67.
Check Out Our Latest Research Report on Freshpet
Freshpet Stock Down 0.3 %
Shares of FRPT traded down $0.27 during mid-day trading on Monday, reaching $86.50. The company's stock had a trading volume of 1,093,576 shares, compared to its average volume of 1,297,645. The company has a debt-to-equity ratio of 0.41, a current ratio of 4.72 and a quick ratio of 3.91. Freshpet has a 12-month low of $80.27 and a 12-month high of $164.07. The stock has a market cap of $4.21 billion, a PE ratio of 92.02 and a beta of 1.58. The company's 50 day moving average is $133.04 and its 200 day moving average is $139.94.
Freshpet (NASDAQ:FRPT - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.36 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.36. Freshpet had a return on equity of 3.92% and a net margin of 4.81%. The firm had revenue of $262.71 million during the quarter, compared to the consensus estimate of $275.46 million. Equities analysts anticipate that Freshpet will post 1.55 EPS for the current fiscal year.
Institutional Trading of Freshpet
Several large investors have recently bought and sold shares of FRPT. Atria Investments Inc boosted its position in shares of Freshpet by 5.5% in the 3rd quarter. Atria Investments Inc now owns 5,049 shares of the company's stock worth $691,000 after buying an additional 265 shares in the last quarter. Versor Investments LP acquired a new position in Freshpet during the third quarter worth about $300,000. WCM Investment Management LLC lifted its holdings in shares of 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. Entropy Technologies LP grew its position in shares of Freshpet by 34.3% in the third quarter. Entropy Technologies LP now owns 4,309 shares of the company's stock valued at $589,000 after purchasing an additional 1,101 shares during the last quarter. Finally, Baillie Gifford & Co. increased its stake in shares of Freshpet by 2.6% during the 3rd quarter. Baillie Gifford & Co. now owns 51,331 shares of the company's stock worth $7,021,000 after purchasing an additional 1,318 shares in 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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