Freshpet (NASDAQ:FRPT) PT Raised to $135.00

Freshpet (NASDAQ:FRPT) had its price objective raised by stock analysts at Oppenheimer from $120.00 to $135.00 in a research note issued on Tuesday, Benzinga reports. The firm currently has an “outperform” rating on the stock. Oppenheimer’s price objective would suggest a potential upside of 13.25% from the company’s previous close.

A number of other research firms have also recently weighed in on FRPT. Truist Financial raised shares of Freshpet from a “hold” rating to a “buy” rating and boosted their target price for the stock from $120.00 to $135.00 in a research note on Monday, March 11th. DA Davidson increased their price target on Freshpet from $104.00 to $138.00 and gave the stock a “buy” rating in a report on Wednesday, March 13th. Robert W. Baird boosted their price objective on Freshpet from $125.00 to $135.00 and gave the company an “outperform” rating in a research note on Tuesday. StockNews.com upgraded Freshpet to a “sell” rating in a report on Saturday, May 4th. Finally, Piper Sandler lifted their price objective on shares of Freshpet from $100.00 to $130.00 and gave the company an “overweight” rating in a research note on Tuesday, February 27th. One analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $119.71.

Freshpet Stock Down 1.2 %

FRPT stock opened at $119.21 on Tuesday. Freshpet has a fifty-two week low of $54.60 and a fifty-two week high of $127.25. The stock has a market capitalization of $5.77 billion, a price-to-earnings ratio of 662.28 and a beta of 1.24. The business’s fifty day moving average price is $110.85 and its two-hundred day moving average price is $90.45. The company has a debt-to-equity ratio of 0.44, a current ratio of 4.79 and a quick ratio of 4.08.

Freshpet (NASDAQ:FRPT) last posted its quarterly earnings data on Monday, February 26th. The company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.22. Freshpet had a negative return on equity of 3.56% and a negative net margin of 4.38%. The firm had revenue of $215.40 million for the quarter, compared to analyst estimates of $204.93 million. During the same quarter last year, the company earned ($0.06) EPS. The company’s revenue was up 29.9% on a year-over-year basis. On average, equities analysts anticipate that Freshpet will post 0.07 earnings per share for the current year.

Insider Transactions at Freshpet

In related news, COO Scott James Morris sold 3,632 shares of the business’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $109.86, for a total transaction of $399,011.52. Following the sale, the chief operating officer now directly owns 122,380 shares in the company, valued at approximately $13,444,666.80. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, EVP Stephen Macchiaverna sold 7,130 shares of the business’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $108.53, for a total transaction of $773,818.90. Following the completion of the transaction, the executive vice president now directly owns 85,056 shares in the company, valued at approximately $9,231,127.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Scott James Morris sold 3,632 shares of the company’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $109.86, for a total value of $399,011.52. Following the completion of the transaction, the chief operating officer now owns 122,380 shares in the company, valued at $13,444,666.80. The disclosure for this sale can be found here. Insiders sold 15,762 shares of company stock valued at $1,737,280 over the last three months. Company insiders own 3.60% of the company’s stock.

Hedge Funds Weigh In On Freshpet

Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in Freshpet by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 4,652,698 shares of the company’s stock valued at $403,668,000 after acquiring an additional 32,178 shares during the last quarter. Wellington Management Group LLP grew its position in Freshpet by 5.5% during the third quarter. Wellington Management Group LLP now owns 3,576,014 shares of the company’s stock valued at $235,588,000 after acquiring an additional 185,210 shares during the last quarter. JANA Partners Management LP bought a new stake in shares of Freshpet in the 3rd quarter worth approximately $214,405,000. William Blair Investment Management LLC boosted its stake in shares of Freshpet by 4.2% in the 3rd quarter. William Blair Investment Management LLC now owns 2,740,708 shares of the company’s stock valued at $180,558,000 after purchasing an additional 110,383 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of Freshpet by 0.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,118,646 shares of the company’s stock valued at $139,576,000 after purchasing an additional 17,678 shares during the last quarter.

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.