Brokerages Set Freshpet, Inc. (NASDAQ:FRPT) Price Target at $133.43

Freshpet, Inc. (NASDAQ:FRPT - Get Free Report) has received an average rating of "Moderate Buy" from the fourteen ratings firms that are currently covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $127.86.

FRPT has been the subject of several research analyst reports. JPMorgan Chase & Co. cut their price objective on Freshpet from $91.00 to $85.00 and set a "neutral" rating for the company in a research report on Tuesday, May 6th. Benchmark cut their price objective on Freshpet from $140.00 to $120.00 and set a "buy" rating for the company in a research report on Tuesday, May 6th. TD Cowen cut Freshpet from a "buy" rating to a "hold" rating and set a $96.00 price objective for the company. in a research report on Wednesday. Wells Fargo & Company cut their price objective on Freshpet from $110.00 to $100.00 and set an "overweight" rating for the company in a research report on Tuesday, May 6th. Finally, Piper Sandler cut their price objective on Freshpet from $160.00 to $145.00 and set an "overweight" rating for the company in a research report on Tuesday, March 25th.

Freshpet Stock Performance

NASDAQ FRPT traded down $2.70 on Friday, reaching $80.32. The stock had a trading volume of 707,431 shares, compared to its average volume of 871,879. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.91 and a current ratio of 4.72. Freshpet has a 12-month low of $71.19 and a 12-month high of $164.07. The business's 50-day moving average price is $80.51 and its 200 day moving average price is $117.44. The stock has a market cap of $3.92 billion, a P/E ratio of 85.27 and a beta of 1.85.

Freshpet (NASDAQ:FRPT - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The company reported $0.09 earnings per share 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 firm had revenue of $263.25 million during the quarter, compared to analysts' expectations of $265.57 million. During the same quarter in the prior year, the firm posted $0.37 EPS. Freshpet's quarterly revenue was up 17.6% compared to the same quarter last year. As a group, equities analysts expect that Freshpet will post 1.55 earnings per share for the current year.

Institutional Trading of Freshpet

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FRPT. Banque Transatlantique SA purchased a new stake in Freshpet during the 1st quarter worth about $25,000. Elequin Capital LP purchased a new stake in Freshpet during the 4th quarter worth about $29,000. Geneos Wealth Management Inc. increased its position in Freshpet by 302.0% during the 4th quarter. Geneos Wealth Management Inc. now owns 201 shares of the company's stock worth $30,000 after purchasing an additional 151 shares in the last quarter. Jones Financial Companies Lllp increased its position in Freshpet by 130.9% during the 4th quarter. Jones Financial Companies Lllp now owns 217 shares of the company's stock worth $32,000 after purchasing an additional 123 shares in the last quarter. Finally, WPG Advisers LLC purchased a new stake in Freshpet during the 1st quarter worth about $34,000.

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.