Freshpet (NASDAQ:FRPT) Price Target Lowered to $135.00 at Stifel Nicolaus

Freshpet (NASDAQ:FRPT) had its price target cut by Stifel Nicolaus from $155.00 to $135.00 in a research report report published on Monday,Benzinga reports. They currently have a buy rating on the stock.

Several other research analysts have also recently weighed in on FRPT. Citigroup cut their price target on shares of Freshpet from $155.00 to $142.00 and set a “neutral” rating on the stock in a report on Wednesday, February 12th. Oppenheimer reduced their target price on Freshpet from $180.00 to $140.00 and set an “outperform” rating for the company in a report on Monday, February 24th. Jefferies Financial Group upgraded Freshpet from a “hold” rating to a “buy” rating and dropped their price target for the stock from $155.00 to $150.00 in a report on Monday, February 24th. JPMorgan Chase & Co. cut their price objective on Freshpet from $154.00 to $102.00 and set an “overweight” rating on the stock in a research report on Monday. Finally, StockNews.com lowered Freshpet from a “hold” rating to a “sell” rating in a research report on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $151.67.

Freshpet Price Performance

Shares of NASDAQ FRPT opened at $86.77 on Monday. The stock has a market cap of $4.23 billion, a price-to-earnings ratio of 92.31 and a beta of 1.58. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.91 and a current ratio of 4.72. Freshpet has a fifty-two week low of $80.27 and a fifty-two week high of $164.07. The firm’s 50-day simple moving average is $134.27 and its 200 day simple moving average is $140.31.

Freshpet (NASDAQ:FRPT) last posted its earnings results on Thursday, February 20th. The company reported $0.36 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.36. The company had revenue of $262.71 million for the quarter, compared to analyst estimates of $275.46 million. Freshpet had a return on equity of 3.92% and a net margin of 4.81%. As a group, research analysts anticipate that Freshpet will post 1.55 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Freshpet

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Elequin Capital LP bought a new position in Freshpet during the fourth quarter worth about $29,000. Geneos Wealth Management Inc. lifted its stake in shares of Freshpet by 302.0% during the 4th quarter. Geneos Wealth Management Inc. now owns 201 shares of the company’s stock valued at $30,000 after buying an additional 151 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in Freshpet by 130.9% in the 4th quarter. Jones Financial Companies Lllp now owns 217 shares of the company’s stock worth $32,000 after buying an additional 123 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in Freshpet in the 3rd quarter valued at approximately $32,000. Finally, R Squared Ltd bought a new stake in Freshpet during the 4th quarter valued at $39,000.

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.