Freshpet, Inc. (NASDAQ:FRPT) Receives $133.43 Consensus Target Price from Brokerages

Freshpet, Inc. (NASDAQ:FRPT - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the fourteen analysts that are covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $133.43.

FRPT has been the subject of several recent analyst reports. JPMorgan Chase & Co. lowered their target price on shares of Freshpet from $91.00 to $85.00 and set a "neutral" rating for the company in a research note on Tuesday, May 6th. Stifel Nicolaus lowered their price objective on Freshpet from $135.00 to $115.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Wells Fargo & Company reduced their target price on Freshpet from $110.00 to $100.00 and set an "overweight" rating on the stock in a research report on Tuesday, May 6th. Citigroup lowered their price target on Freshpet from $155.00 to $142.00 and set a "neutral" rating for the company in a report on Wednesday, February 12th. Finally, Piper Sandler dropped their price objective on shares of Freshpet from $160.00 to $145.00 and set an "overweight" rating for the company in a research note on Tuesday, March 25th.

Freshpet Price Performance

Shares of Freshpet stock traded down $1.48 during trading on Friday, hitting $83.02. 1,371,890 shares of the company were exchanged, compared to its average volume of 872,528. Freshpet has a fifty-two week low of $71.19 and a fifty-two week high of $164.07. The company has a quick ratio of 3.91, a current ratio of 4.72 and a debt-to-equity ratio of 0.41. The firm has a 50 day moving average price of $80.58 and a 200 day moving average price of $117.68. The stock has a market capitalization of $4.05 billion, a price-to-earnings ratio of 88.32 and a beta of 1.85.

Freshpet (NASDAQ:FRPT - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The company reported $0.09 EPS for the quarter, missing analysts' consensus estimates of $0.13 by ($0.04). Freshpet had a net margin of 4.81% and a return on equity of 3.92%. The company had revenue of $263.25 million for the quarter, compared to analyst estimates of $265.57 million. During the same period in the previous year, the business earned $0.37 EPS. The firm's revenue was up 17.6% on a year-over-year basis. On average, equities analysts expect that Freshpet will post 1.55 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in FRPT. Geneos Wealth Management Inc. boosted its position in shares of Freshpet by 302.0% in the fourth quarter. Geneos Wealth Management Inc. now owns 201 shares of the company's stock worth $30,000 after buying an additional 151 shares during the period. Blue Trust Inc. boosted its holdings in Freshpet by 62.5% in the 4th quarter. Blue Trust Inc. now owns 1,259 shares of the company's stock worth $172,000 after acquiring an additional 484 shares during the period. R Squared Ltd purchased a new position in Freshpet in the 4th quarter worth approximately $39,000. New Wave Wealth Advisors LLC acquired a new stake in Freshpet in the fourth quarter valued at approximately $148,000. Finally, Deepwater Asset Management LLC grew its position in Freshpet by 11.4% in the fourth quarter. Deepwater Asset Management LLC now owns 98,434 shares of the company's stock valued at $14,579,000 after acquiring an additional 10,066 shares in the last quarter.

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.