Freshpet (NASDAQ:FRPT) Given New $157.00 Price Target at Robert W. Baird

Freshpet (NASDAQ:FRPT) had its price objective boosted by Robert W. Baird from $140.00 to $157.00 in a research note released on Tuesday morning, Benzinga reports. Robert W. Baird currently has an outperform rating on the stock.

Several other research firms have also recently weighed in on FRPT. Bank of America raised their target price 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. JPMorgan Chase & Co. raised their target price on shares of Freshpet from $113.00 to $126.00 and gave the company a neutral rating in a research note on Tuesday, August 6th. Piper Sandler reaffirmed an overweight rating and set a $150.00 target price on shares of Freshpet in a research note on Tuesday, July 2nd. DA Davidson raised their target price on shares of Freshpet from $138.00 to $153.00 and gave the company a buy rating in a research note on Tuesday, May 7th. Finally, Oppenheimer raised their target price 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. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of Moderate Buy and an average target price of $142.87.

Freshpet Stock Down 2.2 %

Shares of FRPT stock opened at $135.25 on Tuesday. The company has a market capitalization of $6.55 billion, a price-to-earnings ratio of 751.39 and a beta of 1.36. Freshpet has a one year low of $54.60 and a one year high of $143.06. The company’s fifty day moving average price is $128.54 and its 200-day moving average price is $120.68. 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) last announced its quarterly earnings data on Monday, August 5th. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.09) by $0.06. The firm had revenue of $235.30 million for the quarter, compared to the consensus estimate of $230.99 million. Freshpet had a net margin of 2.86% and a return on equity of 1.78%. The company’s revenue was up 28.4% on a year-over-year basis. During the same period last year, the firm earned ($0.35) EPS. Sell-side analysts expect that Freshpet will post 0.7 EPS for the current fiscal year.

Institutional Investors Weigh In On Freshpet

Several institutional investors have recently made changes to their positions in FRPT. Vanguard Group Inc. lifted its holdings in Freshpet by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 4,666,407 shares of the company’s stock valued at $540,650,000 after buying an additional 13,709 shares in the last quarter. Gilder Gagnon Howe & Co. LLC lifted its holdings in Freshpet by 2.9% during the 4th quarter. Gilder Gagnon Howe & Co. LLC now owns 1,709,572 shares of the company’s stock valued at $148,322,000 after buying an additional 47,862 shares in the last quarter. Franklin Resources Inc. lifted its holdings in Freshpet by 7.5% during the 4th quarter. Franklin Resources Inc. now owns 1,689,745 shares of the company’s stock valued at $146,602,000 after buying an additional 117,864 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Freshpet by 2.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 923,507 shares of the company’s stock valued at $119,492,000 after buying an additional 22,759 shares in the last quarter. Finally, Driehaus Capital Management LLC lifted its holdings in Freshpet by 24.4% during the 2nd quarter. Driehaus Capital Management LLC now owns 721,288 shares of the company’s stock valued at $93,327,000 after buying an additional 141,615 shares in the last quarter.

Freshpet Company Profile

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.