Freshpet (NASDAQ:FRPT) Given New $154.00 Price Target at JPMorgan Chase & Co.

Freshpet (NASDAQ:FRPT) had its price objective lifted by JPMorgan Chase & Co. from $126.00 to $154.00 in a research report report published on Tuesday morning, Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

A number of other brokerages also recently issued reports on FRPT. Wells Fargo & Company upped their price target on Freshpet from $157.00 to $175.00 and gave the stock an “overweight” rating in a research report on Tuesday. Benchmark reiterated a “buy” rating and issued a $150.00 price target on shares of Freshpet in a research note on Friday, November 1st. Bank of America boosted their price target on Freshpet from $140.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. Stifel Nicolaus boosted their target price on shares of Freshpet from $135.00 to $155.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Finally, Robert W. Baird raised their price target on shares of Freshpet from $157.00 to $170.00 and gave the stock an “outperform” rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, Freshpet presently has an average rating of “Moderate Buy” and an average price target of $155.47.

Freshpet Trading Up 0.7 %

Shares of NASDAQ FRPT opened at $151.59 on Tuesday. Freshpet has a 1-year low of $65.81 and a 1-year high of $154.80. The business has a fifty day moving average price of $138.19 and a 200 day moving average price of $129.63. The stock has a market capitalization of $7.35 billion, a P/E ratio of 170.33 and a beta of 1.39. The company has a debt-to-equity ratio of 0.42, a current ratio of 4.50 and a quick ratio of 3.69.

Freshpet (NASDAQ:FRPT) last released its quarterly earnings results on Monday, November 4th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.14 by $0.10. Freshpet had a net margin of 2.86% and a return on equity of 1.78%. The business had revenue of $253.40 million during the quarter, compared to analyst estimates of $248.36 million. During the same period in the prior year, the firm posted ($0.15) earnings per share. The company’s quarterly revenue was up 26.3% on a year-over-year basis. Equities research analysts expect that Freshpet will post 0.73 EPS for the current fiscal year.

Insider Buying and Selling at Freshpet

In other news, EVP Stephen Macchiaverna sold 2,178 shares of the firm’s stock in a transaction dated 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 directly owns 86,039 shares in the company, valued at $12,046,320.39. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.70% of the stock is owned by corporate insiders.

Institutional Trading of Freshpet

Institutional investors and hedge funds have recently modified their holdings of the stock. Sei Investments Co. increased its stake in Freshpet by 4.4% during the 1st quarter. Sei Investments Co. now owns 249,021 shares of the company’s stock worth $28,852,000 after buying an additional 10,456 shares in the last quarter. Axxcess Wealth Management LLC purchased a new stake in shares of Freshpet during the first quarter worth approximately $811,000. SG Americas Securities LLC acquired a new position in Freshpet in the 2nd quarter valued at $3,964,000. Duality Advisers LP purchased a new position in Freshpet in the 1st quarter valued at $854,000. Finally, Great Lakes Advisors LLC acquired a new stake in Freshpet during the 2nd quarter worth $4,299,000.

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.