Oppenheimer Raises Freshpet (NASDAQ:FRPT) Price Target to $155.00

Freshpet (NASDAQ:FRPTFree Report) had its target price raised by Oppenheimer from $135.00 to $155.00 in a report released on Tuesday, Benzinga reports. They currently have an outperform rating on the stock.

Several other equities analysts also recently issued reports on the company. Deutsche Bank Aktiengesellschaft started coverage on Freshpet in a research report on Thursday, May 23rd. They set a buy rating and a $150.00 price objective for the company. StockNews.com upgraded Freshpet to a sell rating in a report on Saturday, May 4th. JPMorgan Chase & Co. increased their target price on Freshpet from $67.00 to $102.00 and gave the company a neutral rating in a report on Tuesday, February 27th. Truist Financial upgraded Freshpet from a hold rating to a buy rating and increased their price objective for the stock from $120.00 to $135.00 in a report on Monday, March 11th. Finally, Redburn Atlantic upgraded Freshpet from a neutral rating to a buy rating and set a $168.00 target price on the stock in a report on Thursday, May 23rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of Moderate Buy and an average price target of $129.00.

View Our Latest Stock Report on Freshpet

Freshpet Stock Up 0.9 %

Shares of Freshpet stock opened at $129.25 on Tuesday. The firm has a market cap of $6.26 billion, a P/E ratio of 718.10 and a beta of 1.33. The business has a 50-day moving average price of $122.75 and a 200 day moving average price of $105.79. Freshpet has a fifty-two week low of $54.60 and a fifty-two week high of $132.84. The company has a quick ratio of 4.09, a current ratio of 4.97 and a debt-to-equity ratio of 0.43.

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

Insider Buying and Selling

In related news, EVP Stephen Macchiaverna sold 6,000 shares of Freshpet stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $132.13, for a total transaction of $792,780.00. Following the sale, the executive vice president now directly owns 86,039 shares of the company’s stock, valued at $11,368,333.07. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders have sold a total of 13,560 shares of company stock valued at $1,701,580 over the last three months. 3.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FRPT. JANA Partners Management LP bought a new position in Freshpet during the third quarter worth about $214,405,000. Norges Bank bought a new position in shares of Freshpet in the fourth quarter valued at approximately $40,327,000. Jennison Associates LLC raised its stake in shares of Freshpet by 36.6% in the fourth quarter. Jennison Associates LLC now owns 915,827 shares of the company’s stock valued at $79,457,000 after acquiring an additional 245,403 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of Freshpet by 211.6% in the fourth quarter. Victory Capital Management Inc. now owns 345,810 shares of the company’s stock valued at $30,002,000 after acquiring an additional 234,836 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado raised its stake in shares of Freshpet by 3,434.5% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 226,316 shares of the company’s stock valued at $19,635,000 after acquiring an additional 219,913 shares during the last quarter.

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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