Freshpet, Inc. (NASDAQ:FRPT) Receives $122.00 Average PT from Brokerages

Freshpet, Inc. (NASDAQ:FRPT - Get Free Report) has been given a consensus rating of "Moderate Buy" by the fifteen research firms that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and nine have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $122.00.

FRPT has been the topic of several analyst reports. TD Cowen lowered shares of Freshpet from a "buy" rating to a "hold" rating and set a $96.00 price target on the stock. in a research report on Wednesday, May 28th. Robert W. Baird reduced their price target on shares of Freshpet from $125.00 to $115.00 and set an "outperform" rating on the stock in a research report on Tuesday, May 6th. Oppenheimer lowered shares of Freshpet from an "outperform" rating to a "market perform" rating in a research report on Tuesday, March 11th. UBS Group assumed coverage on Freshpet in a research report on Monday, June 16th. They issued a "sell" rating and a $65.00 target price on the stock. Finally, Jefferies Financial Group raised Freshpet from a "hold" rating to a "buy" rating and cut their target price for the company from $155.00 to $150.00 in a research report on Monday, February 24th.

Freshpet Trading Up 3.4%

Shares of FRPT stock traded up $2.41 during trading on Wednesday, hitting $74.13. 1,030,996 shares of the stock traded hands, compared to its average volume of 906,206. The firm has a market capitalization of $3.62 billion, a P/E ratio of 239.13, a price-to-earnings-growth ratio of 1.24 and a beta of 1.86. The company has a debt-to-equity ratio of 0.41, a current ratio of 4.91 and a quick ratio of 3.92. The firm's fifty day moving average price is $78.68 and its 200-day moving average price is $107.83. Freshpet has a 52-week low of $70.65 and a 52-week high of $164.07.

Freshpet (NASDAQ:FRPT - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.04). The firm had revenue of $263.25 million for the quarter, compared to analysts' expectations of $265.57 million. Freshpet had a net margin of 1.54% and a return on equity of 3.16%. The firm's quarterly revenue was up 17.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.37 EPS. As a group, research analysts forecast that Freshpet will post 1.55 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Freshpet

Several institutional investors have recently modified their holdings of the business. Rhumbline Advisers grew its stake in shares of Freshpet by 131.0% in the first quarter. Rhumbline Advisers now owns 106,438 shares of the company's stock worth $8,852,000 after acquiring an additional 60,352 shares in the last quarter. United Services Automobile Association acquired a new position in shares of Freshpet in the first quarter worth $247,000. Jones Financial Companies Lllp grew its stake in shares of Freshpet by 734.1% in the first quarter. Jones Financial Companies Lllp now owns 1,810 shares of the company's stock worth $151,000 after acquiring an additional 1,593 shares in the last quarter. Scientech Research LLC acquired a new position in shares of Freshpet in the first quarter worth $783,000. Finally, Jacobs Levy Equity Management Inc. acquired a new position in shares of Freshpet in the first quarter worth $5,296,000.

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.