Freshpet (NASDAQ:FRPT - Free Report) had its target price hoisted by Stifel Nicolaus from $135.00 to $155.00 in a report issued on Friday morning, Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.
FRPT has been the subject of several other research reports. Wells Fargo & Company lifted their price objective on shares of Freshpet from $140.00 to $145.00 and gave the company an "overweight" rating in a research note on Wednesday, July 10th. Bank of America lifted their price objective on shares of Freshpet from $140.00 to $150.00 and gave the company a "buy" rating in a research note on Wednesday, July 10th. Oppenheimer lifted their price objective on shares of Freshpet from $135.00 to $155.00 and gave the company an "outperform" rating in a research note on Tuesday, June 25th. Truist Financial lifted their price objective on shares of Freshpet from $135.00 to $160.00 and gave the company a "buy" rating in a research note on Wednesday. Finally, Robert W. Baird lifted their price objective on shares of Freshpet from $140.00 to $157.00 and gave the company an "outperform" rating in a research note on Tuesday, September 3rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $145.87.
Check Out Our Latest Stock Analysis on Freshpet
Freshpet Trading Up 0.2 %
Freshpet stock traded up $0.24 during mid-day trading on Friday, hitting $139.53. 381,111 shares of the stock were exchanged, compared to its average volume of 580,542. 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 12 month low of $54.60 and a 12 month high of $145.68. The firm's fifty day simple moving average is $136.99 and its two-hundred day simple moving average is $127.13. The stock has a market capitalization of $6.76 billion, a price-to-earnings ratio of 775.17 and a beta of 1.39.
Freshpet (NASDAQ:FRPT - Get Free Report) last released its quarterly earnings results on Monday, August 5th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $0.06. Freshpet had a net margin of 2.86% and a return on equity of 1.78%. The firm had revenue of $235.30 million during the quarter, compared to analyst estimates of $230.99 million. During the same quarter last year, the business earned ($0.35) EPS. The company's revenue was up 28.4% compared to the same quarter last year. Analysts forecast that Freshpet will post 0.72 EPS for the current year.
Insiders Place Their Bets
In other news, EVP Stephen Macchiaverna sold 2,178 shares of Freshpet stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $140.01, for a total transaction of $304,941.78. Following the sale, the executive vice president now directly owns 86,039 shares in the company, valued at $12,046,320.39. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 3.60% of the company's stock.
Institutional Investors Weigh In On Freshpet
Hedge funds have recently made changes to their positions in the business. ORG Wealth Partners LLC bought a new stake in shares of Freshpet during the 3rd quarter worth $29,000. ORG Partners LLC bought a new stake in Freshpet in the 2nd quarter valued at about $32,000. GAMMA Investing LLC raised its stake in Freshpet by 100.8% in the 1st quarter. GAMMA Investing LLC now owns 263 shares of the company's stock valued at $30,000 after acquiring an additional 132 shares during the period. Whittier Trust Co. bought a new stake in Freshpet in the 1st quarter valued at about $41,000. Finally, Benjamin F. Edwards & Company Inc. increased its position in shares of Freshpet by 3,670.0% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 377 shares of the company's stock valued at $49,000 after buying an additional 367 shares during the period.
Freshpet Company Profile
(
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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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