Freshpet (NASDAQ:FRPT) Given New $154.00 Price Target at JPMorgan Chase & Co.

Freshpet (NASDAQ:FRPT - Free Report) had its price target lifted by JPMorgan Chase & Co. from $126.00 to $154.00 in a research note published on Tuesday, Benzinga reports. The firm currently has a neutral rating on the stock.

A number of other analysts have also recently weighed in on FRPT. Benchmark restated a "buy" rating and issued a $150.00 price target on shares of Freshpet in a research note on Friday. Citigroup lifted their target price on Freshpet from $124.00 to $129.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 17th. Wells Fargo & Company raised their price target on Freshpet from $157.00 to $175.00 and gave the stock an "overweight" rating in a report on Tuesday. TD Cowen raised their price target on Freshpet from $143.00 to $160.00 and gave the stock a "buy" rating in a report on Wednesday, September 4th. Finally, 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. One analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $153.07.

Freshpet Trading Up 0.7 %

Freshpet stock traded up $1.02 during mid-day trading on Tuesday, hitting $151.59. The company's stock had a trading volume of 859,899 shares, compared to its average volume of 582,759. The firm has a market capitalization of $7.35 billion, a PE ratio of 170.83 and a beta of 1.39. Freshpet has a 1 year low of $65.81 and a 1 year high of $154.80. 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 stock's fifty day moving average is $137.88 and its two-hundred day moving average is $129.30.

Freshpet (NASDAQ:FRPT - Get Free Report) last released its quarterly earnings results on Monday, November 4th. The company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.14 by $0.10. Freshpet had a return on equity of 1.78% and a net margin of 2.86%. The business had revenue of $253.40 million during the quarter, compared to analyst estimates of $248.36 million. During the same period last year, the business posted ($0.15) earnings per share. The company's quarterly revenue was up 26.3% on a year-over-year basis. On average, analysts anticipate that Freshpet will post 0.73 EPS for the current year.

Insider Activity

In other news, EVP Stephen Macchiaverna sold 2,178 shares of the company's stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $140.01, for a total value of $304,941.78. Following the sale, the executive vice president now owns 86,039 shares in the company, valued at approximately $12,046,320.39. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 3.70% of the company's stock.

Institutional Investors Weigh In On Freshpet

Several institutional investors and hedge funds have recently bought and sold shares of FRPT. ORG Wealth Partners LLC purchased a new stake in shares of Freshpet in the 3rd quarter valued at approximately $29,000. ORG Partners LLC bought a new position in shares of Freshpet during the 2nd quarter valued at $32,000. Whittier Trust Co. bought a new position in shares of Freshpet during the 1st quarter valued at $41,000. GAMMA Investing LLC raised its holdings in shares of Freshpet by 41.1% during the 2nd quarter. GAMMA Investing LLC now owns 371 shares of the company's stock valued at $48,000 after purchasing an additional 108 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. raised its holdings in shares of Freshpet by 3,670.0% during the 2nd 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 in the last quarter.

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.