Freshpet (NASDAQ:FRPT) Given New $155.00 Price Target at Oppenheimer

Freshpet (NASDAQ:FRPT) had its price objective raised by Oppenheimer from $135.00 to $155.00 in a research note released on Tuesday morning, Benzinga reports. Oppenheimer currently has an outperform rating on the stock.

Several other research analysts have also recently issued reports on the stock. Robert W. Baird lifted their target price on shares of Freshpet from $125.00 to $135.00 and gave the stock an outperform rating in a report on Tuesday, May 7th. JPMorgan Chase & Co. boosted their target price on shares of Freshpet from $67.00 to $102.00 and gave the company a neutral rating in a research report on Tuesday, February 27th. Truist Financial upgraded shares of Freshpet from a hold rating to a buy rating and boosted their target price for the company from $120.00 to $135.00 in a research report on Monday, March 11th. Benchmark boosted their target price on shares of Freshpet from $125.00 to $150.00 and gave the company a buy rating in a research report on Tuesday, June 11th. Finally, DA Davidson boosted their target price on shares of Freshpet from $138.00 to $153.00 and gave the company a buy rating in a research report on Tuesday, May 7th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, Freshpet currently has an average rating of Moderate Buy and an average target price of $129.00.

Freshpet Trading Down 0.5 %

NASDAQ:FRPT opened at $127.93 on Tuesday. The company has a 50-day moving average price of $121.78 and a 200-day moving average price of $105.26. Freshpet has a 12 month low of $54.60 and a 12 month high of $132.84. The company has a current ratio of 4.97, a quick ratio of 4.09 and a debt-to-equity ratio of 0.43. The stock has a market cap of $6.20 billion, a price-to-earnings ratio of 710.72 and a beta of 1.33.

Freshpet (NASDAQ:FRPT) last issued its quarterly earnings results on Monday, May 6th. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.43. Freshpet had a net margin of 1.19% and a return on equity of 0.20%. The company had revenue of $223.85 million during the quarter, compared to analysts’ expectations of $216.43 million. Equities analysts predict that Freshpet will post 0.54 EPS for the current year.

Insider Activity at Freshpet

In related news, EVP Stephen Macchiaverna sold 6,548 shares of the company’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $120.15, for a total transaction of $786,742.20. Following the sale, the executive vice president now owns 86,039 shares of the company’s stock, valued at $10,337,585.85. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders have sold a total of 13,560 shares of company stock valued at $1,701,580 over the last 90 days. 3.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Freshpet

A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. increased its position in Freshpet by 0.3% during the first quarter. Vanguard Group Inc. now owns 4,666,407 shares of the company’s stock valued at $540,650,000 after acquiring an additional 13,709 shares during the last quarter. Wellington Management Group LLP increased its position in Freshpet by 5.5% during the third quarter. Wellington Management Group LLP now owns 3,576,014 shares of the company’s stock valued at $235,588,000 after acquiring an additional 185,210 shares during the last quarter. JANA Partners Management LP bought a new position in Freshpet during the third quarter valued at $214,405,000. JPMorgan Chase & Co. increased its position in Freshpet by 0.8% during the third quarter. JPMorgan Chase & Co. now owns 2,118,646 shares of the company’s stock valued at $139,576,000 after acquiring an additional 17,678 shares during the last quarter. Finally, Gilder Gagnon Howe & Co. LLC increased its position in Freshpet by 2.9% during the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 1,709,572 shares of the company’s stock valued at $148,322,000 after acquiring an additional 47,862 shares during 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.