Freshpet (NASDAQ:FRPT) PT Raised to $155.00 at Stifel Nicolaus

Freshpet (NASDAQ:FRPT) had its price target raised by Stifel Nicolaus from $135.00 to $155.00 in a research report issued on Friday, Benzinga reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price target indicates a potential upside of 11.09% from the stock’s previous close.

Several other equities research analysts also recently weighed in on FRPT. Piper Sandler reissued an “overweight” rating and issued a $150.00 price objective on shares of Freshpet in a report on Tuesday, July 2nd. Benchmark reiterated a “buy” rating and issued a $150.00 price target on shares of Freshpet in a report on Wednesday, August 7th. TD Cowen raised their price objective on Freshpet from $143.00 to $160.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th. Bank of America lifted their target price on shares of Freshpet from $140.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. Finally, Robert W. Baird increased their target price on Freshpet from $140.00 to $157.00 and gave the company an “outperform” rating in a report on Tuesday, September 3rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, Freshpet has a consensus rating of “Moderate Buy” and an average price target of $145.87.

Freshpet Stock Up 0.2 %

Shares of NASDAQ FRPT opened at $139.53 on Friday. The company has a current ratio of 4.50, a quick ratio of 3.69 and a debt-to-equity ratio of 0.42. The company has a 50-day moving average of $137.22 and a 200 day moving average of $127.30. Freshpet has a 12-month low of $54.60 and a 12-month high of $145.68. The stock has a market cap of $6.76 billion, a PE ratio of 775.17 and a beta of 1.39.

Freshpet (NASDAQ:FRPT) last announced its quarterly earnings results on Monday, August 5th. The company reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.06. The business had revenue of $235.30 million during the quarter, compared to analysts’ expectations of $230.99 million. Freshpet had a net margin of 2.86% and a return on equity of 1.78%. The business’s revenue for the quarter was up 28.4% on a year-over-year basis. During the same period last year, the business earned ($0.35) earnings per share. As a group, sell-side analysts predict that Freshpet will post 0.72 EPS for the current fiscal year.

Insider Activity

In other news, EVP Stephen Macchiaverna sold 2,178 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $140.01, for a total value of $304,941.78. Following the sale, the executive vice president now directly owns 86,039 shares in the company, valued at approximately $12,046,320.39. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 3.60% of the company’s stock.

Institutional Trading of Freshpet

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its holdings in shares of Freshpet by 41.1% in the second quarter. GAMMA Investing LLC now owns 371 shares of the company’s stock worth $48,000 after acquiring an additional 108 shares in the last quarter. Parkside Financial Bank & Trust lifted its position in Freshpet by 13.9% during the 2nd quarter. Parkside Financial Bank & Trust now owns 1,305 shares of the company’s stock worth $169,000 after buying an additional 159 shares in the last quarter. Amalgamated Bank boosted its stake in shares of Freshpet by 6.7% during the 2nd quarter. Amalgamated Bank now owns 2,740 shares of the company’s stock worth $355,000 after buying an additional 171 shares during the last quarter. CWM LLC increased its position in shares of Freshpet by 65.9% during the 2nd quarter. CWM LLC now owns 496 shares of the company’s stock worth $64,000 after purchasing an additional 197 shares during the last quarter. Finally, ORG Wealth Partners LLC bought a new position in shares of Freshpet in the third quarter valued at $29,000.

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.