Oppenheimer Cuts Freshpet (NASDAQ:FRPT) Price Target to $140.00

Freshpet (NASDAQ:FRPT) had its price objective reduced by Oppenheimer from $180.00 to $140.00 in a research report released on Monday morning,Benzinga reports. They currently have an outperform rating on the stock.

A number of other brokerages have also recently weighed in on FRPT. Benchmark restated a “buy” rating and issued a $150.00 price objective on shares of Freshpet in a report on Friday, November 1st. StockNews.com downgraded Freshpet from a “hold” rating to a “sell” rating in a research note on Wednesday, November 20th. Truist Financial lifted their price objective on Freshpet from $160.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Piper Sandler dropped their target price on Freshpet from $180.00 to $160.00 and set an “overweight” rating on the stock in a report on Friday, February 21st. Finally, Stifel Nicolaus reduced their price target on Freshpet from $165.00 to $155.00 and set a “buy” rating for the company in a report on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $156.47.

Freshpet Trading Down 0.1 %

FRPT opened at $106.88 on Monday. The company has a quick ratio of 3.91, a current ratio of 4.72 and a debt-to-equity ratio of 0.41. Freshpet has a 52 week low of $97.48 and a 52 week high of $164.07. The stock has a market cap of $5.21 billion, a PE ratio of 113.70 and a beta of 1.42. The business has a 50 day moving average of $143.30 and a 200-day moving average of $142.58.

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

Insider Transactions at Freshpet

In other news, President Scott James Morris sold 5,000 shares of the firm’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $157.38, for a total value of $786,900.00. Following the transaction, the president now directly owns 122,380 shares in the company, valued at $19,260,164.40. This trade represents a 3.93 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 3.70% of the company’s stock.

Institutional Inflows and Outflows

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

About Freshpet

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.