Deutsche Bank Aktiengesellschaft Issues Positive Forecast for Freshpet (NASDAQ:FRPT) Stock Price

Freshpet (NASDAQ:FRPT) had its price objective lifted by Deutsche Bank Aktiengesellschaft from $161.00 to $163.00 in a report released on Tuesday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other research firms also recently commented on FRPT. JPMorgan Chase & Co. upped their price objective on shares of Freshpet from $113.00 to $126.00 and gave the company a “neutral” rating in a report on Tuesday, August 6th. Truist Financial raised their price target on Freshpet from $135.00 to $160.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. TD Cowen boosted their price objective on Freshpet from $143.00 to $160.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th. Robert W. Baird raised their target price on Freshpet from $157.00 to $170.00 and gave the stock an “outperform” rating in a research note on Tuesday. Finally, Wells Fargo & Company upped their price target on Freshpet from $140.00 to $145.00 and gave the company an “overweight” rating in a research report on Wednesday, July 10th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $156.13.

Freshpet Trading Down 1.3 %

Shares of FRPT stock opened at $153.22 on Tuesday. The company has a quick ratio of 3.69, a current ratio of 4.50 and a debt-to-equity ratio of 0.42. The firm has a market cap of $7.43 billion, a P/E ratio of 172.16 and a beta of 1.39. The company has a 50 day moving average of $138.96 and a 200-day moving average of $129.97. Freshpet has a 12-month low of $65.81 and a 12-month high of $157.10.

Freshpet (NASDAQ:FRPT) last released its earnings results on Monday, November 4th. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.10. Freshpet had a return on equity of 3.72% and a net margin of 4.75%. The business had revenue of $253.40 million during the quarter, compared to the consensus estimate of $248.36 million. During the same period last year, the business posted ($0.15) earnings per share. The business’s revenue for the quarter 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 year.

Insider Activity

In other news, EVP Stephen Macchiaverna sold 2,178 shares of Freshpet stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $140.01, for a total transaction of $304,941.78. Following the completion of the sale, the executive vice president now directly owns 86,039 shares of the company’s stock, valued at approximately $12,046,320.39. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 3.70% of the company’s stock.

Institutional Investors Weigh In On Freshpet

Several hedge funds have recently added to or reduced their stakes in FRPT. WCM Investment Management LLC raised its holdings in shares of Freshpet by 749.7% during the 3rd quarter. WCM Investment Management LLC now owns 2,771,377 shares of the company’s stock valued at $376,187,000 after buying an additional 2,445,199 shares in the last quarter. TimesSquare Capital Management LLC purchased a new position in shares of Freshpet during the first quarter worth approximately $17,845,000. Driehaus Capital Management LLC lifted its holdings in shares of Freshpet by 24.4% in the 2nd quarter. Driehaus Capital Management LLC now owns 721,288 shares of the company’s stock worth $93,327,000 after acquiring an additional 141,615 shares during the last quarter. M&G Plc purchased a new stake in shares of Freshpet in the 2nd quarter valued at $8,892,000. Finally, Renaissance Technologies LLC purchased a new position in Freshpet in the 2nd quarter worth $8,902,000.

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.