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

Shares of Freshpet, Inc. (NASDAQ:FRPT) have been given a consensus rating of “Moderate Buy” by the fifteen ratings firms that are presently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $156.13.

A number of equities research analysts have weighed in on FRPT shares. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Freshpet from $161.00 to $163.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. JPMorgan Chase & Co. lifted their price objective on Freshpet from $126.00 to $154.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Benchmark reissued a “buy” rating and issued a $150.00 target price on shares of Freshpet in a research note on Friday, November 1st. Truist Financial raised their price target on Freshpet from $160.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. Finally, Wells Fargo & Company increased their price objective on shares of Freshpet from $157.00 to $175.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th.

Insider Activity at Freshpet

In other Freshpet 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 value of $304,941.78. Following the transaction, the executive vice president now directly owns 86,039 shares of the company’s stock, valued at approximately $12,046,320.39. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.70% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Whittier Trust Co. purchased a new position in Freshpet during the first quarter valued at $41,000. Central Pacific Bank Trust Division purchased a new position in shares of Freshpet during the 1st quarter valued at about $520,000. Duality Advisers LP bought a new position in shares of Freshpet during the 1st quarter valued at approximately $854,000. Envestnet Portfolio Solutions Inc. purchased a new stake in Freshpet in the 1st quarter worth approximately $244,000. Finally, Quantbot Technologies LP bought a new stake in Freshpet during the 1st quarter worth approximately $3,388,000.

Freshpet Trading Down 0.0 %

NASDAQ FRPT opened at $156.44 on Tuesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.69 and a current ratio of 4.72. The stock has a market cap of $7.59 billion, a P/E ratio of 175.78 and a beta of 1.39. The stock has a 50 day simple moving average of $139.77 and a two-hundred day simple moving average of $131.05. Freshpet has a fifty-two week low of $66.36 and a fifty-two week high of $159.12.

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