Freshpet, Inc. (NASDAQ:FRPT) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Freshpet, Inc. (NASDAQ:FRPT) have been assigned an average recommendation of “Moderate Buy” from the fifteen research firms that are presently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $156.13.

A number of research analysts have recently commented on FRPT shares. JPMorgan Chase & Co. lifted their price objective on shares of Freshpet from $126.00 to $154.00 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. DA Davidson boosted their price target on Freshpet from $183.00 to $189.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Truist Financial raised their price objective on Freshpet from $160.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Benchmark reissued a “buy” rating and set a $150.00 target price on shares of Freshpet in a report on Friday, November 1st. Finally, Robert W. Baird raised their price target on Freshpet from $157.00 to $170.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th.

Freshpet Trading Up 2.1 %

Freshpet stock opened at $156.45 on Tuesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 4.72 and a quick ratio of 3.69. The firm has a 50-day moving average of $139.37 and a 200-day moving average of $130.50. The company has a market cap of $7.59 billion, a price-to-earnings ratio of 175.79 and a beta of 1.39. Freshpet has a one year low of $65.85 and a one year high of $159.12.

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

Insider Activity

In related news, EVP Stephen Macchiaverna sold 2,178 shares of the stock in a transaction that occurred 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 sale, the executive vice president now owns 86,039 shares of the company’s stock, valued at $12,046,320.39. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 3.70% of the stock is owned by company insiders.

Institutional Trading of Freshpet

A number of institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC raised its stake in Freshpet by 41.1% in the second quarter. GAMMA Investing LLC now owns 371 shares of the company’s stock valued at $48,000 after purchasing an additional 108 shares in the last quarter. GLOBALT Investments LLC GA raised its position in shares of Freshpet by 3.2% in the 3rd quarter. GLOBALT Investments LLC GA now owns 3,580 shares of the company’s stock valued at $490,000 after buying an additional 111 shares in the last quarter. First Horizon Advisors Inc. raised its position in shares of Freshpet by 23.0% in the 3rd quarter. First Horizon Advisors Inc. now owns 739 shares of the company’s stock valued at $101,000 after buying an additional 138 shares in the last quarter. Parkside Financial Bank & Trust lifted its holdings in shares of 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 acquiring an additional 159 shares during the period. Finally, Amalgamated Bank boosted its position 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 acquiring an additional 171 shares in 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.