Freshpet, Inc. (NASDAQ:FRPT) Receives $140.60 Consensus Target Price from Analysts

Shares of Freshpet, Inc. (NASDAQ:FRPT) have earned a consensus recommendation of “Moderate Buy” from the fifteen research firms that are currently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $140.60.

Several analysts have recently issued reports on FRPT shares. Robert W. Baird upped their price objective on Freshpet from $135.00 to $140.00 and gave the company an “outperform” rating in a research report on Tuesday, August 6th. Piper Sandler reaffirmed an “overweight” rating and set a $150.00 price target on shares of Freshpet in a research note on Tuesday, July 2nd. Bank of America boosted their price objective 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. StockNews.com upgraded shares of Freshpet to a “sell” rating in a research report on Saturday, May 4th. Finally, Benchmark reiterated a “buy” rating and issued a $150.00 price target on shares of Freshpet in a report on Wednesday, August 7th.

Insider Buying and Selling

In other news, EVP Stephen Macchiaverna sold 6,000 shares of the firm’s stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $132.13, for a total value of $792,780.00. Following the transaction, the executive vice president now owns 86,039 shares of the company’s stock, valued at approximately $11,368,333.07. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.60% of the company’s stock.

Institutional Investors Weigh In On Freshpet

Several institutional investors and hedge funds have recently modified their holdings of the stock. International Assets Investment Management LLC acquired a new position in Freshpet during the 4th quarter worth approximately $489,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Freshpet by 4.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,428 shares of the company’s stock valued at $905,000 after purchasing an additional 442 shares during the period. Xponance Inc. acquired a new position in shares of Freshpet during the fourth quarter worth $229,000. Handelsbanken Fonder AB boosted its stake in shares of Freshpet by 29.0% in the fourth quarter. Handelsbanken Fonder AB now owns 8,900 shares of the company’s stock valued at $772,000 after purchasing an additional 2,000 shares during the period. Finally, OLD National Bancorp IN acquired a new stake in Freshpet during the 4th quarter valued at $219,000.

Freshpet Price Performance

Shares of NASDAQ FRPT opened at $138.84 on Thursday. 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 company’s 50-day moving average price is $127.16 and its 200 day moving average price is $117.56. Freshpet has a 52 week low of $54.60 and a 52 week high of $139.89. The stock has a market cap of $6.72 billion, a price-to-earnings ratio of 771.33 and a beta of 1.36.

Freshpet (NASDAQ:FRPT) last released its quarterly earnings results on Monday, August 5th. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.09) by $0.06. Freshpet had a net margin of 1.19% and a return on equity of 0.20%. The business had revenue of $235.30 million for the quarter, compared to analyst estimates of $230.99 million. During the same period in the prior year, the business earned ($0.35) earnings per share. The company’s quarterly revenue was up 28.4% on a year-over-year basis. As a group, research analysts forecast that Freshpet will post 0.54 earnings per share 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.