Freshpet, Inc. (NASDAQ:FRPT) Receives $130.25 Average Price Target from Brokerages

Shares of Freshpet, Inc. (NASDAQ:FRPTGet Free Report) have received an average recommendation of “Moderate Buy” from the sixteen brokerages that are presently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $130.25.

A number of research analysts have commented on the stock. Oppenheimer lifted their price objective on shares of Freshpet from $135.00 to $155.00 and gave the company an “outperform” rating in a research note on Tuesday, June 25th. Redburn Atlantic upgraded shares of Freshpet from a “neutral” rating to a “buy” rating and set a $168.00 price objective on the stock in a research note on Thursday, May 23rd. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Freshpet in a research note on Thursday, May 23rd. They issued a “buy” rating and a $150.00 price objective on the stock. StockNews.com upgraded shares of Freshpet to a “sell” rating in a research note on Saturday, May 4th. Finally, DA Davidson lifted their price objective on shares of Freshpet from $138.00 to $153.00 and gave the company a “buy” rating in a research note on Tuesday, May 7th.

Check Out Our Latest Analysis on Freshpet

Insider Activity

In other news, EVP Stephen Macchiaverna sold 6,548 shares of Freshpet stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $120.15, for a total value of $786,742.20. Following the transaction, the executive vice president now directly owns 86,039 shares of the company’s stock, valued at $10,337,585.85. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last quarter, insiders sold 13,560 shares of company stock worth $1,701,580. Corporate insiders own 3.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Johnson Financial Group Inc. purchased a new position in shares of Freshpet in the fourth quarter worth approximately $29,000. GAMMA Investing LLC increased its position in shares of Freshpet by 100.8% in the first quarter. GAMMA Investing LLC now owns 263 shares of the company’s stock worth $30,000 after acquiring an additional 132 shares in the last quarter. Blue Bell Private Wealth Management LLC purchased a new position in shares of Freshpet in the first quarter worth approximately $36,000. Quarry LP purchased a new position in Freshpet during the fourth quarter valued at approximately $40,000. Finally, Whittier Trust Co. purchased a new position in Freshpet during the first quarter valued at approximately $41,000.

Freshpet Price Performance

Shares of FRPT opened at $129.43 on Wednesday. Freshpet has a twelve month low of $54.60 and a twelve month high of $136.35. The firm’s fifty day simple moving average is $126.94 and its 200-day simple moving average is $108.69. The firm has a market capitalization of $6.27 billion, a price-to-earnings ratio of 719.10 and a beta of 1.36. The company has a current ratio of 4.97, a quick ratio of 4.09 and a debt-to-equity ratio of 0.43.

Freshpet (NASDAQ:FRPTGet Free Report) last announced its quarterly earnings results on Monday, May 6th. The company reported $0.21 EPS for the quarter, topping the consensus estimate of ($0.22) by $0.43. Freshpet had a net margin of 1.19% and a return on equity of 0.20%. The firm had revenue of $223.85 million for the quarter, compared to analyst estimates of $216.43 million. Equities analysts forecast that Freshpet will post 0.54 EPS for the current fiscal year.

About Freshpet

(Get Free Report

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.

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