Freshpet, Inc. (NASDAQ:FRPT) Receives $133.76 Consensus Target Price from Brokerages

Freshpet, Inc. (NASDAQ:FRPT) has earned an average recommendation of “Moderate Buy” from the seventeen analysts that are covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and fourteen have issued a buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $133.76.

A number of analysts have recently commented on the company. TD Cowen boosted their price target on Freshpet from $128.00 to $143.00 and gave the company a “buy” rating in a report on Tuesday, May 7th. Wells Fargo & Company raised their price target on shares of Freshpet from $140.00 to $145.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 10th. Robert W. Baird boosted their price objective on shares of Freshpet from $125.00 to $135.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 7th. Stifel Nicolaus raised their target price on shares of Freshpet from $115.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, April 11th. Finally, Oppenheimer boosted their price target on shares of Freshpet from $135.00 to $155.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 25th.

Insider Buying and Selling at Freshpet

In other Freshpet news, EVP Stephen Macchiaverna sold 6,548 shares of the stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $120.15, for a total transaction of $786,742.20. Following the transaction, the executive vice president now owns 86,039 shares in the company, valued at approximately $10,337,585.85. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have sold a total of 13,560 shares of company stock valued at $1,701,580 in the last ninety days. 3.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Freshpet

Large investors have recently made changes to their positions in the company. Norges Bank bought a new stake in shares of Freshpet during the 4th quarter valued at approximately $40,327,000. Jennison Associates LLC lifted its stake in shares of Freshpet by 36.6% in the 4th quarter. Jennison Associates LLC now owns 915,827 shares of the company’s stock valued at $79,457,000 after acquiring an additional 245,403 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Freshpet by 211.6% during the 4th quarter. Victory Capital Management Inc. now owns 345,810 shares of the company’s stock valued at $30,002,000 after acquiring an additional 234,836 shares in the last quarter. Public Employees Retirement Association of Colorado boosted its stake in shares of Freshpet by 3,434.5% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 226,316 shares of the company’s stock valued at $19,635,000 after purchasing an additional 219,913 shares in the last quarter. Finally, TimesSquare Capital Management LLC bought a new stake in Freshpet during the 1st quarter worth approximately $17,845,000.

Freshpet Stock Performance

FRPT stock opened at $122.10 on Friday. The firm has a market cap of $5.91 billion, a PE ratio of 678.37 and a beta of 1.36. The company has a current ratio of 4.97, a quick ratio of 4.09 and a debt-to-equity ratio of 0.43. The business’s 50-day moving average price is $126.77 and its two-hundred day moving average price is $112.84. Freshpet has a 1-year low of $54.60 and a 1-year high of $136.35.

Freshpet (NASDAQ:FRPT) last released its quarterly earnings results on Monday, May 6th. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of ($0.22) by $0.43. Freshpet had a net margin of 1.19% and a return on equity of 0.20%. The company had revenue of $223.85 million during the quarter, compared to analysts’ expectations of $216.43 million. As a group, research analysts forecast that Freshpet will post 0.54 earnings per share for the current year.

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.