Freshpet, Inc. (NASDAQ:FRPT) Receives Average Recommendation of "Moderate Buy" from Analysts

Shares of Freshpet, Inc. (NASDAQ:FRPT - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the fifteen analysts that are currently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $153.07.

A number of research firms recently issued reports on FRPT. Wells Fargo & Company increased their target price on shares of Freshpet from $157.00 to $175.00 and gave the stock an "overweight" rating in a research report on Tuesday. Truist Financial raised their target price on shares of Freshpet from $160.00 to $170.00 and gave the company a "buy" rating in a research note on Tuesday. Benchmark reaffirmed a "buy" rating and set a $150.00 price target on shares of Freshpet in a research report on Friday. Robert W. Baird boosted their price objective on Freshpet from $157.00 to $170.00 and gave the stock an "outperform" rating in a research note on Tuesday. Finally, TD Cowen increased their target price on Freshpet from $160.00 to $174.00 and gave the company a "buy" rating in a research note on Tuesday.

Freshpet Trading Up 0.7 %

NASDAQ:FRPT traded up $1.02 during trading hours on Tuesday, reaching $151.59. 859,939 shares of the company were exchanged, compared to its average volume of 582,760. The firm has a market cap of $7.35 billion, a price-to-earnings ratio of 170.83 and a beta of 1.39. The stock has a 50 day simple moving average of $137.88 and a 200 day simple moving average of $129.30. Freshpet has a 52-week low of $65.81 and a 52-week high of $154.80. The company has a debt-to-equity ratio of 0.42, a current ratio of 4.50 and a quick ratio of 3.69.

Freshpet (NASDAQ:FRPT - Get Free Report) last issued its earnings results on Monday, November 4th. The company reported $0.24 earnings per share 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 for the quarter, compared to analyst estimates of $248.36 million. The business's quarterly revenue was up 26.3% on a year-over-year basis. During the same period last year, the company posted ($0.15) EPS. As a group, analysts predict that Freshpet will post 0.73 EPS for the current year.

Insider Activity at Freshpet

In other Freshpet news, EVP Stephen Macchiaverna sold 2,178 shares of the business's stock in a transaction dated Thursday, September 5th. The shares were 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 approximately $12,046,320.39. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing 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

Institutional investors and hedge funds have recently made changes to their positions in the stock. ORG Wealth Partners LLC acquired a new position in Freshpet in the 3rd quarter valued at $29,000. ORG Partners LLC bought a new position in shares of Freshpet in the second quarter worth about $32,000. Whittier Trust Co. acquired a new position in shares of Freshpet during the first quarter worth approximately $41,000. GAMMA Investing LLC raised its position in shares of Freshpet by 41.1% during the second quarter. GAMMA Investing LLC now owns 371 shares of the company's stock valued at $48,000 after buying an additional 108 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. boosted its stake in Freshpet by 3,670.0% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 377 shares of the company's stock worth $49,000 after buying 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.