Freshpet, Inc. (NASDAQ:FRPT) Receives $116.64 Consensus Price Target from Analysts

Key Points

• Freshpet, Inc. has received a consensus recommendation of "Moderate Buy" from fourteen brokerages, with a target price averaging $116.64.
• The company's recent quarterly earnings report showed earnings per share of $0.33, significantly beating expectations and marking a 12.5% revenue increase from the previous year.
• Freshpet's stock is currently trading at $63.69, experiencing a 5.5% decline and showing a 52-week high of $164.07.

Shares of Freshpet, Inc. (NASDAQ:FRPT - Get Free Report) have been given an average rating of "Moderate Buy" by the fourteen brokerages that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $116.6429.

Several equities research analysts have issued reports on the company. Truist Financial dropped their price target on Freshpet from $80.00 to $70.00 and set a "hold" rating for the company in a research note on Tuesday. Benchmark reissued a "buy" rating and issued a $95.00 price target (down previously from $120.00) on shares of Freshpet in a report on Tuesday. Stifel Nicolaus set a $90.00 target price on Freshpet and gave the company a "buy" rating in a research note on Thursday, June 12th. Robert W. Baird decreased their price target on shares of Freshpet from $125.00 to $115.00 and set an "outperform" rating for the company in a research note on Tuesday, May 6th. Finally, JPMorgan Chase & Co. decreased their price objective on Freshpet from $91.00 to $85.00 and set a "neutral" rating for the company in a report on Tuesday, May 6th.

Institutional Investors Weigh In On Freshpet

Several institutional investors have recently made changes to their positions in FRPT. Banque Transatlantique SA bought a new position in shares of Freshpet during the 1st quarter worth $25,000. Elequin Capital LP purchased a new stake in shares of Freshpet during the fourth quarter worth about $29,000. WPG Advisers LLC acquired a new position in Freshpet during the 1st quarter valued at approximately $34,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in shares of Freshpet in the 2nd quarter valued at $35,000. Finally, Larson Financial Group LLC lifted its holdings in shares of Freshpet by 1,585.0% during the first quarter. Larson Financial Group LLC now owns 674 shares of the company's stock worth $56,000 after purchasing an additional 634 shares during the period.

Freshpet Price Performance

FRPT stock traded up $0.29 during mid-day trading on Thursday, reaching $63.98. 870,289 shares of the company traded hands, compared to its average volume of 1,495,779. The company has a fifty day moving average price of $72.11 and a 200-day moving average price of $89.82. The company has a debt-to-equity ratio of 0.40, a current ratio of 4.81 and a quick ratio of 3.92. The company has a market capitalization of $3.12 billion, a P/E ratio of 95.49, a P/E/G ratio of 1.12 and a beta of 1.77. Freshpet has a 52-week low of $63.61 and a 52-week high of $164.07.

Freshpet (NASDAQ:FRPT - Get Free Report) last announced its earnings results on Monday, August 4th. The company reported $0.33 earnings per share for the quarter, topping analysts' consensus estimates of $0.12 by $0.21. Freshpet had a return on equity of 4.82% and a net margin of 3.23%. The business had revenue of $264.69 million for the quarter, compared to analyst estimates of $269.75 million. During the same period in the prior year, the company earned ($0.03) EPS. The company's quarterly revenue was up 12.5% compared to the same quarter last year. As a group, analysts anticipate that Freshpet will post 1.55 earnings per share for the current 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.