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

Shares of Freshpet, Inc. (NASDAQ:FRPTGet Free Report) have been given a consensus recommendation of “Moderate Buy” by the sixteen brokerages that are currently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and thirteen have given 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 $127.75.

A number of research analysts have weighed in on the company. DA Davidson lifted their target price on Freshpet from $138.00 to $153.00 and gave the company a “buy” rating in a report on Tuesday, May 7th. Truist Financial raised shares of Freshpet from a “hold” rating to a “buy” rating and upped their target price for the stock from $120.00 to $135.00 in a report on Monday, March 11th. JPMorgan Chase & Co. raised their price target on shares of Freshpet from $67.00 to $102.00 and gave the company a “neutral” rating in a report on Tuesday, February 27th. Wells Fargo & Company upped their price target on shares of Freshpet from $124.00 to $140.00 and gave the stock an “overweight” rating in a report on Tuesday, May 7th. Finally, Redburn Atlantic raised Freshpet from a “neutral” rating to a “buy” rating and set a $168.00 price objective for the company in a research note on Thursday, May 23rd.

Get Our Latest Report on Freshpet

Freshpet Stock Performance

NASDAQ FRPT opened at $126.56 on Friday. The firm has a market cap of $6.13 billion, a P/E ratio of 703.15 and a beta of 1.33. The company has a quick ratio of 4.09, a current ratio of 4.97 and a debt-to-equity ratio of 0.43. The company’s 50 day moving average is $118.83 and its 200-day moving average is $101.64. Freshpet has a 12-month low of $54.60 and a 12-month high of $132.84.

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

Insiders Place Their Bets

In other news, EVP Stephen Macchiaverna sold 6,000 shares of the company’s stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $132.13, for a total value of $792,780.00. Following the completion of the sale, the executive vice president now owns 86,039 shares of the company’s stock, valued at approximately $11,368,333.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Stephen Macchiaverna sold 6,000 shares of the business’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $132.13, for a total value of $792,780.00. Following the completion of the sale, the executive vice president now owns 86,039 shares of the company’s stock, valued at approximately $11,368,333.07. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO Scott James Morris sold 3,632 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $109.86, for a total value of $399,011.52. Following the transaction, the chief operating officer now owns 122,380 shares in the company, valued at $13,444,666.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 17,192 shares of company stock valued at $2,100,591. 3.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Keybank National Association OH grew its holdings in Freshpet by 23.4% in the 3rd quarter. Keybank National Association OH now owns 3,898 shares of the company’s stock worth $257,000 after acquiring an additional 738 shares during the last quarter. Amalgamated Bank increased its holdings in Freshpet by 4.6% during the 3rd quarter. Amalgamated Bank now owns 7,678 shares of the company’s stock valued at $506,000 after purchasing an additional 335 shares during the period. Charles Schwab Investment Management Inc. raised its position in Freshpet by 4.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 266,945 shares of the company’s stock valued at $17,586,000 after purchasing an additional 11,063 shares during the last quarter. Pathstone Family Office LLC bought a new position in Freshpet during the 3rd quarter valued at approximately $206,000. Finally, William Blair Investment Management LLC lifted its holdings in Freshpet by 4.2% in the 3rd quarter. William Blair Investment Management LLC now owns 2,740,708 shares of the company’s stock worth $180,558,000 after buying an additional 110,383 shares during the period.

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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Analyst Recommendations for Freshpet (NASDAQ:FRPT)

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