Brokerages Set Freshpet, Inc. (NASDAQ:FRPT) Price Target at $145.87

Freshpet, Inc. (NASDAQ:FRPT) has been assigned an average recommendation of “Moderate Buy” from the fifteen research firms that are covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $156.13.

A number of research analysts have recently weighed in on FRPT shares. Benchmark restated a “buy” rating and set a $150.00 price objective on shares of Freshpet in a research report on Friday, November 1st. JPMorgan Chase & Co. upped their price objective on Freshpet from $126.00 to $154.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. TD Cowen raised their target price on shares of Freshpet from $160.00 to $174.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. Citigroup raised their price objective on Freshpet from $124.00 to $129.00 and gave the company a “neutral” rating in a research note on Wednesday, July 17th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Freshpet from $161.00 to $163.00 and gave the company a “buy” rating in a report on Tuesday, November 5th.

Insider Transactions at Freshpet

In other news, EVP Stephen Macchiaverna sold 2,178 shares of the company’s 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 transaction, the executive vice president now directly owns 86,039 shares of the company’s stock, valued at approximately $12,046,320.39. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.70% of the company’s stock.

Institutional Investors Weigh In On Freshpet

Several institutional investors and hedge funds have recently made changes to their positions in the stock. First Horizon Advisors Inc. raised its stake in Freshpet by 23.0% in the 3rd quarter. First Horizon Advisors Inc. now owns 739 shares of the company’s stock worth $101,000 after acquiring an additional 138 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Freshpet by 31.0% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 95,713 shares of the company’s stock worth $13,091,000 after purchasing an additional 22,651 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Freshpet during the third quarter worth about $4,751,000. Savoir Faire Capital Management L.P. boosted its position in Freshpet by 119.7% in the third quarter. Savoir Faire Capital Management L.P. now owns 53,391 shares of the company’s stock valued at $7,302,000 after buying an additional 29,091 shares during the last quarter. Finally, GLOBALT Investments LLC GA raised its position in Freshpet by 3.2% during the 3rd quarter. GLOBALT Investments LLC GA now owns 3,580 shares of the company’s stock worth $490,000 after buying an additional 111 shares during the last quarter.

Freshpet Stock Performance

NASDAQ:FRPT opened at $156.44 on Tuesday. The stock has a 50-day moving average price of $139.77 and a 200 day moving average price of $131.05. The company has a current ratio of 4.72, a quick ratio of 3.69 and a debt-to-equity ratio of 0.41. Freshpet has a 12-month low of $66.36 and a 12-month high of $159.12. The stock has a market capitalization of $7.59 billion, a P/E ratio of 175.78 and a beta of 1.39.

Freshpet (NASDAQ:FRPT) last released its quarterly earnings data on Monday, November 4th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.10. Freshpet had a net margin of 4.75% and a return on equity of 3.67%. The firm had revenue of $253.40 million for the quarter, compared to analysts’ expectations of $248.36 million. During the same quarter last year, the business posted ($0.15) earnings per share. The company’s revenue for the quarter was up 26.3% compared to the same quarter last year. Equities research analysts forecast that Freshpet will post 0.87 EPS for the current fiscal year.

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.