Shares of Freshpet, Inc. (NASDAQ:FRPT – Get Free Report) have been given a consensus rating of “Moderate Buy” by the fourteen ratings firms that are covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $107.36.
FRPT has been the topic of several analyst reports. Oppenheimer lifted their target price on shares of Freshpet from $100.00 to $115.00 and gave the stock an “outperform” rating in a research report on Friday, February 16th. Stifel Nicolaus raised their price target on shares of Freshpet from $115.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, April 11th. Truist Financial upgraded shares of Freshpet from a “hold” rating to a “buy” rating and upped their price objective for the company from $120.00 to $135.00 in a research note on Monday, March 11th. StockNews.com raised shares of Freshpet to a “sell” rating in a research note on Saturday, December 30th. Finally, Piper Sandler boosted their price target on shares of Freshpet from $100.00 to $130.00 and gave the company an “overweight” rating in a report on Tuesday, February 27th.
Read Our Latest Analysis on FRPT
Insider Buying and Selling
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the stock. JANA Partners Management LP acquired a new stake in Freshpet during the third quarter worth about $214,405,000. Norges Bank acquired a new stake in shares of Freshpet during the 4th quarter worth approximately $40,327,000. Lord Abbett & CO. LLC bought a new stake in shares of Freshpet during the third quarter valued at approximately $28,044,000. Jennison Associates LLC raised its stake in shares of Freshpet by 36.6% in the fourth quarter. Jennison Associates LLC now owns 915,827 shares of the company’s stock valued at $79,457,000 after purchasing an additional 245,403 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its position in Freshpet by 211.6% in the fourth quarter. Victory Capital Management Inc. now owns 345,810 shares of the company’s stock worth $30,002,000 after purchasing an additional 234,836 shares during the period.
Freshpet Price Performance
Shares of NASDAQ:FRPT opened at $105.24 on Friday. The company has a market capitalization of $5.08 billion, a PE ratio of -148.23 and a beta of 1.23. The company has a debt-to-equity ratio of 0.44, a quick ratio of 4.08 and a current ratio of 4.79. The stock has a fifty day moving average of $106.78 and a 200-day moving average of $86.03. Freshpet has a one year low of $54.60 and a one year high of $117.76.
Freshpet (NASDAQ:FRPT – Get Free Report) last announced its earnings results on Monday, February 26th. The company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.09 by $0.22. The business had revenue of $215.40 million during the quarter, compared to the consensus estimate of $204.93 million. Freshpet had a negative return on equity of 3.56% and a negative net margin of 4.38%. Freshpet’s revenue was up 29.9% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.06) earnings per share. As a group, equities analysts anticipate that Freshpet will post 0.07 EPS for the current fiscal year.
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.
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