Freshpet, Inc. (NASDAQ:FRPT) Receives Consensus Rating of “Moderate Buy” from Analysts

Freshpet, Inc. (NASDAQ:FRPT) has received a consensus rating of “Moderate Buy” from the fifteen brokerages that are covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and thirteen have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $151.67.

A number of analysts have recently commented on FRPT shares. StockNews.com downgraded Freshpet from a “hold” rating to a “sell” rating in a report on Wednesday, November 20th. Stifel Nicolaus lowered their price target on Freshpet from $155.00 to $135.00 and set a “buy” rating for the company in a report on Monday, March 10th. Piper Sandler lowered their price target on Freshpet from $180.00 to $160.00 and set an “overweight” rating for the company in a report on Friday, February 21st. Truist Financial reiterated a “buy” rating and issued a $140.00 price target (down from $170.00) on shares of Freshpet in a report on Tuesday, February 25th. Finally, Jefferies Financial Group upgraded Freshpet from a “hold” rating to a “buy” rating and lowered their price target for the company from $155.00 to $150.00 in a report on Monday, February 24th.

Freshpet Trading Up 1.5 %

FRPT stock opened at $87.84 on Monday. The company has a market cap of $4.28 billion, a price-to-earnings ratio of 93.45 and a beta of 1.58. The company has a quick ratio of 3.91, a current ratio of 4.72 and a debt-to-equity ratio of 0.41. The business has a fifty day simple moving average of $130.72 and a 200-day simple moving average of $139.29. Freshpet has a 52 week low of $80.27 and a 52 week high of $164.07.

Freshpet (NASDAQ:FRPT) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.36 EPS for the quarter, hitting analysts’ consensus estimates of $0.36. The business had revenue of $262.71 million during the quarter, compared to the consensus estimate of $275.46 million. Freshpet had a return on equity of 3.92% and a net margin of 4.81%. On average, equities research analysts expect that Freshpet will post 1.55 EPS for the current year.

Institutional Trading of Freshpet

A number of hedge funds and other institutional investors have recently modified their holdings of the business. M&T Bank Corp grew its stake in Freshpet by 3.2% in the fourth quarter. M&T Bank Corp now owns 2,253 shares of the company’s stock worth $333,000 after purchasing an additional 70 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in Freshpet by 1.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 5,887 shares of the company’s stock worth $805,000 after purchasing an additional 75 shares in the last quarter. Vident Advisory LLC grew its stake in Freshpet by 4.0% in the fourth quarter. Vident Advisory LLC now owns 2,111 shares of the company’s stock worth $313,000 after purchasing an additional 82 shares in the last quarter. Freedom Investment Management Inc. grew its stake in Freshpet by 5.3% in the fourth quarter. Freedom Investment Management Inc. now owns 1,678 shares of the company’s stock worth $249,000 after purchasing an additional 84 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in Freshpet by 19.1% in the fourth quarter. GAMMA Investing LLC now owns 573 shares of the company’s stock worth $85,000 after purchasing an additional 92 shares in 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.