Freshpet, Inc. (FRPT) – What Are Brokerages Saying About This Stock?

Shares of Freshpet, Inc. (NASDAQ:FRPT – Get Free Report) have received an average rating of “Moderate Buy” from the sixteen analysts that are currently covering the firm, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $79.62.

Several research firms recently weighed in on FRPT. Deutsche Bank Aktiengesellschaft set a $67.00 price objective on Freshpet in a report on Wednesday, October 21st. Stifel Nicolaus increased their target price on shares of Freshpet from $66.00 to $78.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. DA Davidson cut their target price on shares of Freshpet from $101.00 to $95.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. Needham & Company LLC initiated coverage on shares of Freshpet in a report on Thursday, October 1st. They issued a “hold” rating for the company. Finally, Weiss Ratings raised shares of Freshpet from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, September 28th.

Check Out Our Latest Research Report on FRPT

Freshpet Trading Up 2.4%

Shares of NASDAQ FRPT opened at $71.29 on Friday. Freshpet has a twelve month low of $46.45 and a twelve month high of $86.00. The firm has a market cap of $3.50 billion, a PE ratio of 18.76 and a beta of 1.75. The business has a fifty day simple moving average of $64.91 and a two-hundred day simple moving average of $63.93. The company has a quick ratio of 5.03, a current ratio of 6.05 and a debt-to-equity ratio of 0.34.

Freshpet (NASDAQ:FRPT – Get Free Report) last posted its quarterly earnings results on Wednesday, November 4th. The company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.19. Freshpet had a return on equity of 5.97% and a net margin of 17.28%. The business had revenue of $317.84 million for the quarter, compared to the consensus estimate of $312.02 million. During the same quarter in the prior year, the company earned $1.86 EPS. The business’s revenue was up 10.1% compared to the same quarter last year. Analysts expect that Freshpet will post 1.25 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Freshpet news, Director Walter George acquired 1,000 shares of the business’s stock in a transaction that occurred on Monday, September 14th. The shares were bought at an average cost of $64.92 per share, with a total value of $64,920.00. Following the completion of the acquisition, the director directly owned 51,746 shares in the company, valued at $3,359,350.32. This represents a 1.97% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO William Cyr sold 41,022 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $72.86, for a total transaction of $2,988,862.92. Following the completion of the transaction, the chief executive officer directly owned 267,152 shares of the company’s stock, valued at $19,464,694.72. This trade represents a 13.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 171,636 shares of company stock worth $12,754,864. Insiders own 4.30% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. William Blair Investment Management LLC purchased a new position in shares of Freshpet in the 2nd quarter worth approximately $107,066,000. Jennison Associates LLC raised its stake in shares of Freshpet by 200.6% during the 1st quarter. Jennison Associates LLC now owns 651,202 shares of the company’s stock worth $38,395,000 after acquiring an additional 434,582 shares in the last quarter. Deutsche Bank AG purchased a new stake in Freshpet during the second quarter valued at approximately $23,587,000. Alyeska Investment Group L.P. lifted its position in Freshpet by 146.5% during the second quarter. Alyeska Investment Group L.P. now owns 552,400 shares of the company’s stock valued at $32,658,000 after acquiring an additional 328,259 shares during the last quarter. Finally, Wellington Management Group LLP lifted its position in Freshpet by 11.8% during the second quarter. Wellington Management Group LLP now owns 2,829,688 shares of the company’s stock valued at $167,291,000 after acquiring an additional 298,460 shares during the last quarter.

More Freshpet News

Here are the key news stories impacting Freshpet this week:

About Freshpet

(Get Free Report)

Freshpet, Inc (NASDAQ: FRPT) is a pet food company that develops, manufactures and markets refrigerated, fresh food and treats for dogs and cats. Its products are made with animal proteins, vegetables and other ingredients and are designed to be stored in the refrigerator rather than on a conventional shelf.

The company sells its products under the Freshpet brand and related product lines, including Freshpet Select and Vital. Its offerings include refrigerated meals, rolls, recipes and treats formulated for different pet sizes, ages and dietary needs.

See Also

Analyst Recommendations for Freshpet (NASDAQ:FRPT)

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