Stifel Nicolaus Increases Freshpet (NASDAQ:FRPT) Price Target to $165.00

Freshpet (NASDAQ:FRPT) had its target price upped by research analysts at Stifel Nicolaus from $155.00 to $165.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ price target points to a potential upside of 7.69% from the company’s current price.

FRPT has been the subject of a number of other reports. DA Davidson boosted their target price on shares of Freshpet from $183.00 to $189.00 and gave the company a “buy” rating in a research note on Tuesday. Benchmark reiterated a “buy” rating and set a $150.00 price objective on shares of Freshpet in a research report on Friday, November 1st. Truist Financial raised their target price on Freshpet from $160.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday. Bank of America upped their price target on shares of Freshpet from $140.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. Finally, Wells Fargo & Company raised their price objective on shares of Freshpet from $157.00 to $175.00 and gave the stock an “overweight” rating in a report on Tuesday. One 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 company. According to data from MarketBeat, Freshpet presently has an average rating of “Moderate Buy” and an average price target of $156.13.

Freshpet Trading Down 1.3 %

Freshpet stock opened at $153.22 on Wednesday. Freshpet has a one year low of $65.81 and a one year high of $157.10. The business’s fifty day moving average is $138.96 and its 200 day moving average is $129.97. The stock has a market capitalization of $7.43 billion, a PE ratio of 172.16 and a beta of 1.39. 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 results on Monday, November 4th. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.10. Freshpet had a net margin of 4.75% and a return on equity of 3.72%. The firm had revenue of $253.40 million for the quarter, compared to the consensus estimate of $248.36 million. During the same quarter last year, the firm posted ($0.15) EPS. The business’s quarterly revenue was up 26.3% compared to the same quarter last year. On average, sell-side analysts predict that Freshpet will post 0.73 EPS for the current year.

Insider Activity

In other Freshpet news, EVP Stephen Macchiaverna sold 2,178 shares of the stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $140.01, for a total transaction of $304,941.78. Following the completion of the sale, the executive vice president now directly owns 86,039 shares of the company’s stock, valued at $12,046,320.39. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 3.70% of the company’s stock.

Institutional Trading of Freshpet

A number of large investors have recently added to or reduced their stakes in the company. Whittier Trust Co. purchased a new stake in Freshpet during the first quarter valued at $41,000. Duality Advisers LP bought a new position in shares of Freshpet in the 1st quarter valued at about $854,000. Envestnet Portfolio Solutions Inc. bought a new position in shares of Freshpet in the 1st quarter valued at about $244,000. Quantbot Technologies LP purchased a new position in Freshpet in the first quarter worth about $3,388,000. Finally, Oppenheimer & Co. Inc. bought a new stake in Freshpet during the first quarter worth approximately $295,000.

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.