Stifel Nicolaus Cuts Freshpet (NASDAQ:FRPT) Price Target to $115.00

Freshpet (NASDAQ:FRPT) had its price objective dropped by research analysts at Stifel Nicolaus from $135.00 to $115.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ target price suggests a potential upside of 43.41% from the company’s current price.

Several other research firms have also weighed in on FRPT. JPMorgan Chase & Co. reduced their price objective on shares of Freshpet from $154.00 to $102.00 and set an “overweight” rating for the company in a research report on Monday, March 10th. Piper Sandler reduced their target price on shares of Freshpet from $160.00 to $145.00 and set an “overweight” rating for the company in a report on Tuesday, March 25th. Jefferies Financial Group raised Freshpet from a “hold” rating to a “buy” rating and dropped their price target for the company from $155.00 to $150.00 in a report on Monday, February 24th. Truist Financial reduced their price objective on Freshpet from $140.00 to $110.00 and set a “buy” rating for the company in a research note on Monday, March 31st. Finally, Wells Fargo & Company cut their target price on Freshpet from $142.00 to $110.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 2nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $144.47.

Freshpet Trading Up 2.6 %

Freshpet stock opened at $80.19 on Thursday. Freshpet has a 12-month low of $72.90 and a 12-month high of $164.07. The stock has a market capitalization of $3.91 billion, a PE ratio of 85.31 and a beta of 1.80. The firm has a 50 day simple moving average of $99.37 and a 200-day simple moving average of $130.82. The company has a debt-to-equity ratio of 0.41, a current ratio of 4.72 and a quick ratio of 3.91.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in shares of Freshpet by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 4,652,556 shares of the company’s stock valued at $689,090,000 after buying an additional 46,844 shares during the period. WCM Investment Management LLC raised its holdings in shares of Freshpet by 4.0% during the fourth quarter. WCM Investment Management LLC now owns 2,881,855 shares of the company’s stock worth $430,809,000 after acquiring an additional 110,478 shares in the last quarter. Geode Capital Management LLC boosted its position in Freshpet by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 844,744 shares of the company’s stock valued at $127,446,000 after purchasing an additional 9,081 shares during the last quarter. Driehaus Capital Management LLC grew its stake in Freshpet by 5.1% in the fourth quarter. Driehaus Capital Management LLC now owns 810,646 shares of the company’s stock valued at $120,065,000 after purchasing an additional 39,129 shares in the last quarter. Finally, Norges Bank purchased a new position in Freshpet in the fourth quarter valued at about $75,253,000.

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.