Freshpet (NASDAQ:FRPT) Given New $140.00 Price Target at Oppenheimer

Freshpet (NASDAQ:FRPT) had its target price trimmed by Oppenheimer from $180.00 to $140.00 in a research note released on Monday morning,Benzinga reports. The firm currently has an outperform rating on the stock.

Several other equities analysts have also recently issued reports on FRPT. Citigroup lowered their price objective on Freshpet from $155.00 to $142.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 12th. Stifel Nicolaus dropped their price target on shares of Freshpet from $165.00 to $155.00 and set a “buy” rating on the stock in a research note on Friday. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Freshpet from $161.00 to $163.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. Jefferies Financial Group raised Freshpet from a “hold” rating to a “buy” rating and lowered their price target for the stock from $155.00 to $150.00 in a report on Monday. Finally, Piper Sandler decreased their target price on Freshpet from $180.00 to $160.00 and set an “overweight” rating on the stock in a research report on Friday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $158.47.

Freshpet Stock Up 7.3 %

Shares of NASDAQ FRPT opened at $107.58 on Monday. Freshpet has a 12 month low of $97.48 and a 12 month high of $164.07. The firm has a market capitalization of $5.24 billion, a price-to-earnings ratio of 114.45 and a beta of 1.42. The company has a current ratio of 4.72, a quick ratio of 3.91 and a debt-to-equity ratio of 0.41. The business has a 50-day moving average of $144.76 and a 200-day moving average of $142.98.

Freshpet (NASDAQ:FRPT) last issued its earnings results on Thursday, February 20th. The company reported $0.36 earnings per share for the quarter, meeting the consensus estimate of $0.36. Freshpet had a return on equity of 3.92% and a net margin of 4.81%. The company had revenue of $262.71 million during the quarter, compared to analysts’ expectations of $275.46 million. Sell-side analysts expect that Freshpet will post 1.55 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, President Scott James Morris sold 5,000 shares of the stock in a transaction that occurred 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 completion of the sale, the president now directly owns 122,380 shares of the company’s stock, valued at approximately $19,260,164.40. This represents a 3.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 3.70% of the company’s stock.

Institutional Trading of Freshpet

Hedge funds have recently made changes to their positions in the company. Elequin Capital LP acquired a new stake in shares of Freshpet in the fourth quarter valued at about $29,000. Geneos Wealth Management Inc. boosted its stake in shares of 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 acquiring an additional 151 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Freshpet during the 3rd quarter worth about $32,000. Jones Financial Companies Lllp raised its holdings in Freshpet by 130.9% in the 4th quarter. Jones Financial Companies Lllp now owns 217 shares of the company’s stock valued at $32,000 after acquiring an additional 123 shares during the last quarter. Finally, R Squared Ltd purchased a new position in Freshpet during the fourth quarter worth about $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.