Freshpet (NASDAQ:FRPT) Stock Price Expected to Rise, Deutsche Bank Aktiengesellschaft Analyst Says

Freshpet (NASDAQ:FRPT) had its price objective upped by Deutsche Bank Aktiengesellschaft from $161.00 to $163.00 in a research report issued on Tuesday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price indicates a potential upside of 8.18% from the stock’s current price.

Other analysts also recently issued research reports about the company. JPMorgan Chase & Co. raised their price target on Freshpet from $113.00 to $126.00 and gave the stock a “neutral” rating in a report on Tuesday, August 6th. TD Cowen raised their target price on Freshpet from $143.00 to $160.00 and gave the company a “buy” rating in a research report on Wednesday, September 4th. Truist Financial raised their target price on Freshpet from $135.00 to $160.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Robert W. Baird raised their target price on Freshpet from $157.00 to $170.00 and gave the company an “outperform” rating in a research report on Tuesday. Finally, Wells Fargo & Company raised their target price on Freshpet from $140.00 to $145.00 and gave the company an “overweight” rating in a research report on Wednesday, July 10th. One analyst has rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, Freshpet has an average rating of “Moderate Buy” and a consensus target price of $147.60.

Freshpet Trading Up 0.1 %

Shares of NASDAQ:FRPT traded up $0.10 during midday trading on Tuesday, reaching $150.67. The company’s stock had a trading volume of 34,403 shares, compared to its average volume of 578,902. The business has a 50 day moving average price of $137.88 and a 200 day moving average price of $129.30. Freshpet has a 1 year low of $65.81 and a 1 year high of $154.80. 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 $7.31 billion, a price-to-earnings ratio of 172.56 and a beta of 1.39.

Freshpet (NASDAQ:FRPT) last announced its quarterly earnings data on Monday, November 4th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.10. Freshpet had a return on equity of 1.78% and a net margin of 2.86%. The firm had revenue of $253.40 million for the quarter, compared to analysts’ expectations of $248.36 million. During the same quarter in the prior year, the firm posted ($0.15) earnings per share. Freshpet’s revenue for the quarter was up 26.3% compared to the same quarter last year. Research analysts forecast that Freshpet will post 0.73 EPS for the current year.

Insider Activity at Freshpet

In other Freshpet news, EVP Stephen Macchiaverna sold 2,178 shares of the firm’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $140.01, for a total transaction of $304,941.78. Following the transaction, the executive vice president now directly owns 86,039 shares in the company, valued at $12,046,320.39. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.70% of the company’s stock.

Institutional Investors Weigh In On Freshpet

A number of institutional investors have recently added to or reduced their stakes in FRPT. GAMMA Investing LLC raised its position in Freshpet by 41.1% in the 2nd quarter. GAMMA Investing LLC now owns 371 shares of the company’s stock worth $48,000 after purchasing an additional 108 shares during the last quarter. Parkside Financial Bank & Trust raised its position in Freshpet by 13.9% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,305 shares of the company’s stock worth $169,000 after purchasing an additional 159 shares during the last quarter. Amalgamated Bank raised its position in Freshpet by 6.7% in the 2nd quarter. Amalgamated Bank now owns 2,740 shares of the company’s stock worth $355,000 after purchasing an additional 171 shares during the last quarter. CWM LLC raised its position in Freshpet by 65.9% in the 2nd quarter. CWM LLC now owns 496 shares of the company’s stock worth $64,000 after purchasing an additional 197 shares during the last quarter. Finally, ORG Wealth Partners LLC bought a new position in Freshpet in the 3rd quarter worth approximately $29,000.

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.