Freshpet (NASDAQ:FRPT) Price Target Increased to $153.00 by Analysts at DA Davidson

Freshpet (NASDAQ:FRPT) had its target price hoisted by DA Davidson from $138.00 to $153.00 in a research report report published on Tuesday morning, Benzinga reports. DA Davidson currently has a buy rating on the stock.

A number of other equities analysts have also weighed in on the stock. Robert W. Baird boosted their price objective on shares of Freshpet from $125.00 to $135.00 and gave the stock an outperform rating in a report on Tuesday. JPMorgan Chase & Co. boosted their price objective on shares of Freshpet from $67.00 to $102.00 and gave the stock a neutral rating in a report on Tuesday, February 27th. StockNews.com upgraded shares of Freshpet to a sell rating in a report on Saturday. Oppenheimer boosted their price objective on shares of Freshpet from $120.00 to $135.00 and gave the stock an outperform rating in a report on Tuesday. Finally, Truist Financial upgraded shares of Freshpet from a hold rating to a buy rating and boosted their price objective for the stock from $120.00 to $135.00 in a report on Monday, March 11th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, Freshpet has an average rating of Moderate Buy and an average target price of $119.71.

Freshpet Price Performance

FRPT stock opened at $120.70 on Tuesday. The firm has a 50 day moving average price of $110.64 and a 200-day moving average price of $90.00. Freshpet has a 52-week low of $54.60 and a 52-week high of $127.25. The firm has a market capitalization of $5.85 billion, a price-to-earnings ratio of -170.00 and a beta of 1.24. The company has a debt-to-equity ratio of 0.44, a quick ratio of 4.08 and a current ratio of 4.79.

Freshpet (NASDAQ:FRPT) last released its earnings results on Monday, February 26th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.22. Freshpet had a negative net margin of 4.38% and a negative return on equity of 3.56%. The firm had revenue of $215.40 million during the quarter, compared to analyst estimates of $204.93 million. During the same period last year, the business earned ($0.06) earnings per share. The business’s revenue was up 29.9% on a year-over-year basis. Equities research analysts forecast that Freshpet will post 0.07 EPS for the current fiscal year.

Insider Activity

In other news, COO Scott James Morris sold 2,500 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $112.02, for a total transaction of $280,050.00. Following the completion of the sale, the chief operating officer now owns 122,380 shares of the company’s stock, valued at approximately $13,709,007.60. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, EVP Stephen Macchiaverna sold 7,130 shares of the business’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $108.53, for a total transaction of $773,818.90. Following the completion of the sale, the executive vice president now owns 85,056 shares of the company’s stock, valued at approximately $9,231,127.68. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Scott James Morris sold 2,500 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $112.02, for a total transaction of $280,050.00. Following the sale, the chief operating officer now directly owns 122,380 shares of the company’s stock, valued at approximately $13,709,007.60. The disclosure for this sale can be found here. Insiders sold a total of 15,762 shares of company stock valued at $1,737,280 in the last 90 days. Company insiders own 3.60% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Headlands Technologies LLC boosted its holdings in Freshpet by 90.2% in the 1st quarter. Headlands Technologies LLC now owns 2,079 shares of the company’s stock worth $241,000 after buying an additional 986 shares during the period. Sei Investments Co. boosted its holdings in Freshpet by 4.4% in the 1st quarter. Sei Investments Co. now owns 249,021 shares of the company’s stock worth $28,852,000 after buying an additional 10,456 shares during the period. Susquehanna Fundamental Investments LLC bought a new position in Freshpet in the 1st quarter worth $287,000. TimesSquare Capital Management LLC bought a new position in Freshpet in the 1st quarter worth $17,845,000. Finally, Lisanti Capital Growth LLC boosted its holdings in Freshpet by 16.2% in the 1st quarter. Lisanti Capital Growth LLC now owns 68,215 shares of the company’s stock worth $7,903,000 after buying an additional 9,530 shares during the period.

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.