Freshpet (NASDAQ:FRPT) Given New $170.00 Price Target at Robert W. Baird

Freshpet (NASDAQ:FRPT) had its target price hoisted by Robert W. Baird from $157.00 to $170.00 in a research note issued to investors on Tuesday morning,Benzinga reports. They currently have an outperform rating on the stock.

Other equities research analysts have also recently issued reports about the stock. Truist Financial boosted their price objective on shares of Freshpet from $135.00 to $160.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Stifel Nicolaus boosted their price target on Freshpet from $135.00 to $155.00 and gave the company a “buy” rating in a report on Friday, October 18th. JPMorgan Chase & Co. upped their price objective on Freshpet from $113.00 to $126.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 6th. Benchmark restated a “buy” rating and issued a $150.00 target price on shares of Freshpet in a research note on Friday, November 1st. Finally, Bank of America upped their price target on Freshpet from $140.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. One research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $156.13.

Freshpet Trading Down 1.3 %

NASDAQ FRPT opened at $153.22 on Tuesday. Freshpet has a one year low of $65.81 and a one year high of $157.10. The company has a debt-to-equity ratio of 0.42, a current ratio of 4.50 and a quick ratio of 3.69. The firm has a market cap of $7.43 billion, a P/E ratio of 172.16 and a beta of 1.39. The stock’s 50-day moving average is $138.96 and its 200-day moving average is $129.97.

Freshpet (NASDAQ:FRPT) last announced 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 3.72%. The firm had revenue of $253.40 million for the quarter, compared to the consensus estimate of $248.36 million. During the same period last year, the company posted ($0.15) EPS. The business’s quarterly revenue was up 26.3% on a year-over-year basis. Sell-side analysts anticipate that Freshpet will post 0.73 earnings per share for the current fiscal year.

Insider Buying and Selling at Freshpet

In other news, EVP Stephen Macchiaverna sold 2,178 shares of the business’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $140.01, for a total transaction of $304,941.78. Following the transaction, the executive vice president now directly owns 86,039 shares in the company, valued at $12,046,320.39. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 3.70% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. ORG Wealth Partners LLC acquired a new stake in Freshpet during the 3rd quarter valued at $29,000. ORG Partners LLC bought a new position in shares of Freshpet in the second quarter valued at about $32,000. Whittier Trust Co. acquired a new stake in shares of Freshpet during the 1st quarter worth about $41,000. GAMMA Investing LLC boosted its holdings in shares of Freshpet by 41.1% during the 2nd quarter. GAMMA Investing LLC now owns 371 shares of the company’s stock worth $48,000 after buying an additional 108 shares during the period. Finally, Benjamin F. Edwards & Company Inc. grew its stake in Freshpet by 3,670.0% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 377 shares of the company’s stock valued at $49,000 after buying an additional 367 shares during the last quarter.

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.