Freshpet (NASDAQ:FRPT) Price Target Raised to $189.00 at DA Davidson

Freshpet (NASDAQ:FRPT) had its price objective increased by DA Davidson from $183.00 to $189.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm currently has a buy rating on the stock.

FRPT has been the topic of several other research reports. Truist Financial boosted their price target on Freshpet from $160.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday. TD Cowen upped their target price on shares of Freshpet from $160.00 to $174.00 and gave the stock a “buy” rating in a report on Tuesday. Stifel Nicolaus lifted their price target on shares of Freshpet from $135.00 to $155.00 and gave the company a “buy” rating in a report on Friday, October 18th. Benchmark reaffirmed a “buy” rating and set a $150.00 price objective on shares of Freshpet in a research note on Friday, November 1st. Finally, Citigroup raised their price objective on shares of Freshpet from $124.00 to $129.00 and gave the stock a “neutral” rating in a report on Wednesday, July 17th. One analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, Freshpet presently has a consensus rating of “Moderate Buy” and a consensus price target of $155.47.

Freshpet Trading Up 0.7 %

Shares of Freshpet stock opened at $151.59 on Tuesday. Freshpet has a 52-week low of $65.81 and a 52-week high of $154.80. The firm has a market capitalization of $7.35 billion, a PE ratio of 170.33 and a beta of 1.39. The company has a debt-to-equity ratio of 0.42, a current ratio of 4.50 and a quick ratio of 3.69. The company’s fifty day moving average price is $138.19 and its two-hundred day moving average price is $129.63.

Freshpet (NASDAQ:FRPT) last posted its earnings results on Monday, November 4th. The company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.10. The business had revenue of $253.40 million for the quarter, compared to analysts’ expectations of $248.36 million. Freshpet had a net margin of 2.86% and a return on equity of 1.78%. The firm’s revenue for the quarter was up 26.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.15) earnings per share. On average, analysts expect that Freshpet will post 0.73 EPS for the current year.

Insider Activity

In related news, EVP Stephen Macchiaverna sold 2,178 shares of the stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $140.01, for a total value of $304,941.78. Following the transaction, the executive vice president now directly owns 86,039 shares in the company, valued at $12,046,320.39. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 3.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Freshpet

Hedge funds have recently added to or reduced their stakes in the stock. Sei Investments Co. raised its position in shares of Freshpet by 4.4% in the 1st quarter. Sei Investments Co. now owns 249,021 shares of the company’s stock valued at $28,852,000 after acquiring an additional 10,456 shares during the period. Axxcess Wealth Management LLC bought a new position in shares of Freshpet during the first quarter worth $811,000. SG Americas Securities LLC acquired a new position in shares of Freshpet in the 2nd quarter valued at $3,964,000. Duality Advisers LP bought a new stake in shares of Freshpet in the 1st quarter valued at $854,000. Finally, Great Lakes Advisors LLC bought a new stake in shares of Freshpet in the 2nd quarter valued at $4,299,000.

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.