Freshpet (NASDAQ:FRPT) Price Target Lowered to $100.00 at Wells Fargo & Company

Freshpet (NASDAQ:FRPT - Get Free Report) had its target price reduced by investment analysts at Wells Fargo & Company from $110.00 to $100.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has an "overweight" rating on the stock. Wells Fargo & Company's target price suggests a potential upside of 26.44% from the company's current price.

Several other research firms have also weighed in on FRPT. Truist Financial lowered Freshpet from a "buy" rating to a "hold" rating and cut their target price for the company from $90.00 to $80.00 in a report on Wednesday, April 30th. Piper Sandler lowered their price target on shares of Freshpet from $160.00 to $145.00 and set an "overweight" rating for the company in a research report on Tuesday, March 25th. Citigroup lowered their price objective on shares of Freshpet from $155.00 to $142.00 and set a "neutral" rating for the company in a research report on Wednesday, February 12th. Robert W. Baird lowered their target price on Freshpet from $125.00 to $115.00 and set an "outperform" rating on the stock in a research report on Tuesday. Finally, Jefferies Financial Group upgraded shares of Freshpet from a "hold" rating to a "buy" rating and cut their price objective for the stock from $155.00 to $150.00 in a research report on Monday, February 24th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $137.47.

Freshpet Stock Performance

Shares of FRPT stock opened at $79.09 on Tuesday. The company has a market cap of $3.85 billion, a PE ratio of 84.14 and a beta of 1.85. The company has a current ratio of 4.72, a quick ratio of 3.91 and a debt-to-equity ratio of 0.41. Freshpet has a 52 week low of $71.19 and a 52 week high of $164.07. The company's fifty day simple moving average is $83.21 and its 200-day simple moving average is $123.69.

Freshpet (NASDAQ:FRPT - Get Free Report) last released 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). The business had revenue of $263.25 million during the quarter, compared to analyst estimates of $265.57 million. Freshpet had a return on equity of 3.92% and a net margin of 4.81%. The business's revenue for the quarter was up 17.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.37 EPS. As a group, equities research analysts anticipate that Freshpet will post 1.55 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. M&T Bank Corp increased its position in shares of Freshpet by 3.2% during the 4th quarter. M&T Bank Corp now owns 2,253 shares of the company's stock valued at $333,000 after purchasing an additional 70 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in Freshpet by 1.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 5,887 shares of the company's stock worth $805,000 after buying an additional 75 shares during the last quarter. Vident Advisory LLC boosted its stake in Freshpet by 4.0% in the fourth quarter. Vident Advisory LLC now owns 2,111 shares of the company's stock valued at $313,000 after acquiring an additional 82 shares during the last quarter. Freedom Investment Management Inc. grew its position in shares of Freshpet by 5.3% during the 4th quarter. Freedom Investment Management Inc. now owns 1,678 shares of the company's stock valued at $249,000 after acquiring an additional 84 shares during the period. Finally, GAMMA Investing LLC increased its stake in shares of Freshpet by 19.1% during the 4th quarter. GAMMA Investing LLC now owns 573 shares of the company's stock worth $85,000 after purchasing an additional 92 shares during 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.

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