Brokerages Set Freshpet, Inc. (NASDAQ:FRPT) Price Target at $107.36

Shares of Freshpet, Inc. (NASDAQ:FRPT - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the fourteen research firms that are presently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $107.36.

Several equities research analysts recently weighed in on FRPT shares. DA Davidson raised their price target on shares of Freshpet from $104.00 to $138.00 and gave the company a "buy" rating in a research report on Wednesday, March 13th. JPMorgan Chase & Co. raised their price target on shares of Freshpet from $67.00 to $102.00 and gave the company a "neutral" rating in a research report on Tuesday, February 27th. StockNews.com raised shares of Freshpet to a "sell" rating in a research report on Saturday, December 30th. Piper Sandler raised their price target on shares of Freshpet from $100.00 to $130.00 and gave the company an "overweight" rating in a research report on Tuesday, February 27th. Finally, Stifel Nicolaus raised their target price on shares of Freshpet from $115.00 to $135.00 and gave the stock a "buy" rating in a report on Thursday, April 11th.

Freshpet Stock Up 0.8 %

Shares of NASDAQ FRPT traded up $0.85 on Friday, reaching $104.69. 692,807 shares of the company's stock traded hands, compared to its average volume of 617,926. Freshpet has a 12 month low of $54.60 and a 12 month high of $117.76. The business's 50 day simple moving average is $106.43 and its two-hundred day simple moving average is $85.41. The company has a market cap of $5.06 billion, a price-to-earnings ratio of -147.45 and a beta of 1.23. The company has a quick ratio of 4.08, a current ratio of 4.79 and a debt-to-equity ratio of 0.44.

Freshpet (NASDAQ:FRPT - Get Free Report) last announced its earnings results on Monday, February 26th. The company reported $0.31 earnings per share for the quarter, beating analysts' consensus estimates of $0.09 by $0.22. Freshpet had a negative net margin of 4.38% and a negative return on equity of 3.56%. The business had revenue of $215.40 million during the quarter, compared to the consensus estimate of $204.93 million. During the same quarter last year, the firm earned ($0.06) earnings per share. The business's revenue for the quarter was up 29.9% on a year-over-year basis. As a group, equities research analysts forecast that Freshpet will post 0.07 EPS for the current fiscal year.

Insider Transactions at Freshpet

In other news, EVP Stephen Macchiaverna sold 7,130 shares of Freshpet stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $108.53, for a total transaction of $773,818.90. Following the transaction, the executive vice president now owns 85,056 shares in the company, valued at approximately $9,231,127.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, COO Scott James Morris sold 2,500 shares of Freshpet stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $113.76, for a total transaction of $284,400.00. Following the transaction, the chief operating officer now owns 122,380 shares in the company, valued at approximately $13,921,948.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Stephen Macchiaverna sold 7,130 shares of Freshpet stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $108.53, for a total transaction of $773,818.90. Following the transaction, the executive vice president now owns 85,056 shares in the company, valued at approximately $9,231,127.68. The disclosure for this sale can be found here. Insiders have sold 15,762 shares of company stock worth $1,737,280 in the last 90 days. 3.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of FRPT. Vanguard Group Inc. increased its holdings in Freshpet by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 4,652,698 shares of the company's stock valued at $403,668,000 after acquiring an additional 32,178 shares during the last quarter. Wellington Management Group LLP increased its holdings in Freshpet by 5.5% in the 3rd quarter. Wellington Management Group LLP now owns 3,576,014 shares of the company's stock valued at $235,588,000 after acquiring an additional 185,210 shares during the last quarter. Wasatch Advisors Inc. increased its holdings in Freshpet by 5.2% in the 1st quarter. Wasatch Advisors Inc. now owns 3,479,089 shares of the company's stock valued at $357,094,000 after acquiring an additional 170,766 shares during the last quarter. JANA Partners Management LP bought a new stake in Freshpet in the 3rd quarter valued at $214,405,000. Finally, William Blair Investment Management LLC increased its holdings in Freshpet by 4.2% in the 3rd quarter. William Blair Investment Management LLC now owns 2,740,708 shares of the company's stock valued at $180,558,000 after acquiring an additional 110,383 shares during the last quarter.

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.