Citigroup Issues Pessimistic Forecast for Freshpet (NASDAQ:FRPT) Stock Price

Freshpet (NASDAQ:FRPT) had its target price decreased by Citigroup from $155.00 to $142.00 in a research report report published on Wednesday morning,Benzinga reports. Citigroup currently has a neutral rating on the stock.

FRPT has been the subject of a number of other reports. Robert W. Baird increased their price target on Freshpet from $157.00 to $170.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. StockNews.com cut Freshpet from a “hold” rating to a “sell” rating in a research note on Wednesday, November 20th. JPMorgan Chase & Co. increased their price target on Freshpet from $126.00 to $154.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Benchmark reiterated a “buy” rating and set a $150.00 price target on shares of Freshpet in a report on Friday, November 1st. Finally, TD Cowen increased their price target on Freshpet from $160.00 to $174.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $164.29.

Freshpet Trading Up 0.6 %

Shares of FRPT stock opened at $131.59 on Wednesday. The stock’s fifty day moving average price is $149.25 and its two-hundred day moving average price is $142.99. The company has a market cap of $6.39 billion, a PE ratio of 147.86 and a beta of 1.42. Freshpet has a fifty-two week low of $84.02 and a fifty-two week high of $164.07. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.91 and a current ratio of 4.72.

Insider Activity

In other news, President Scott James Morris sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $158.13, for a total value of $790,650.00. Following the completion of the sale, the president now directly owns 122,380 shares in the company, valued at $19,351,949.40. This trade represents a 3.93 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 3.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Freshpet

Hedge funds have recently added to or reduced their stakes in the stock. ORG Wealth Partners LLC acquired a new position in Freshpet during the 3rd quarter valued at about $29,000. Geneos Wealth Management Inc. boosted its stake in 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 purchasing an additional 151 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Freshpet during the 3rd quarter valued at about $32,000. Jones Financial Companies Lllp boosted its stake in Freshpet by 130.9% during the 4th quarter. Jones Financial Companies Lllp now owns 217 shares of the company’s stock valued at $32,000 after purchasing an additional 123 shares during the last quarter. Finally, R Squared Ltd acquired a new position in Freshpet during the 4th quarter valued at about $39,000.

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.