Piper Sandler Cuts Freshpet (NASDAQ:FRPT) Price Target to $145.00

Freshpet (NASDAQ:FRPT) had its price target decreased by Piper Sandler from $160.00 to $145.00 in a research note published on Tuesday morning,Benzinga reports. Piper Sandler currently has an overweight rating on the stock.

Other equities research analysts have also recently issued reports about the stock. Jefferies Financial Group raised shares of Freshpet from a “hold” rating to a “buy” rating and reduced their target price for the company from $155.00 to $150.00 in a report on Monday, February 24th. Stifel Nicolaus decreased their price objective on Freshpet from $155.00 to $135.00 and set a “buy” rating for the company in a research report on Monday, March 10th. Wells Fargo & Company lowered their target price on Freshpet from $170.00 to $142.00 and set an “overweight” rating on the stock in a research note on Friday, February 21st. Truist Financial restated a “buy” rating and set a $140.00 price target (down previously from $170.00) on shares of Freshpet in a research note on Tuesday, February 25th. Finally, Citigroup lowered their price objective on shares of Freshpet from $155.00 to $142.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $150.67.

Freshpet Stock Up 1.6 %

Freshpet stock opened at $86.65 on Tuesday. The company has a market capitalization of $4.22 billion, a P/E ratio of 92.18 and a beta of 1.58. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.91 and a current ratio of 4.72. Freshpet has a fifty-two week low of $80.27 and a fifty-two week high of $164.07. The stock has a 50-day simple moving average of $119.62 and a 200-day simple moving average of $136.12.

Freshpet (NASDAQ:FRPT) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.36 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.36. The company had revenue of $262.71 million during the quarter, compared to analysts’ expectations of $275.46 million. Freshpet had a return on equity of 3.92% and a net margin of 4.81%. Equities research analysts expect that Freshpet will post 1.55 earnings per share for the current year.

Institutional Trading of Freshpet

Several large investors have recently bought and sold shares of the company. Elequin Capital LP acquired a new position in shares of Freshpet during the 4th quarter worth $29,000. Geneos Wealth Management Inc. raised its position in Freshpet by 302.0% during the fourth quarter. Geneos Wealth Management Inc. now owns 201 shares of the company’s stock worth $30,000 after acquiring an additional 151 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Freshpet during the third quarter worth about $32,000. Jones Financial Companies Lllp lifted its holdings in shares of Freshpet by 130.9% in the fourth quarter. Jones Financial Companies Lllp now owns 217 shares of the company’s stock valued at $32,000 after purchasing an additional 123 shares in the last quarter. Finally, R Squared Ltd acquired a new stake in shares of Freshpet in the fourth quarter valued at approximately $39,000.

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.