Freshpet (NASDAQ:FRPT) Price Target Cut to $91.00 by Analysts at JPMorgan Chase & Co.

Freshpet (NASDAQ:FRPT) had its price target cut by JPMorgan Chase & Co. from $102.00 to $91.00 in a research report report published on Thursday,Benzinga reports. They currently have a neutral rating on the stock.

A number of other research firms also recently commented on FRPT. Piper Sandler dropped their price objective on Freshpet from $160.00 to $145.00 and set an “overweight” rating for the company in a report on Tuesday, March 25th. Citigroup reduced their target price on shares of Freshpet from $155.00 to $142.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 12th. Wells Fargo & Company lowered their price target on shares of Freshpet from $142.00 to $110.00 and set an “overweight” rating for the company in a report on Wednesday, April 2nd. Truist Financial cut their price objective on shares of Freshpet from $140.00 to $110.00 and set a “buy” rating on the stock in a report on Monday, March 31st. Finally, Stifel Nicolaus lowered their target price on Freshpet from $135.00 to $115.00 and set a “buy” rating for the company in a research note on Thursday. One analyst has rated the stock with a sell rating, three have given a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Freshpet has a consensus rating of “Moderate Buy” and a consensus price target of $144.47.

Freshpet Stock Performance

NASDAQ:FRPT opened at $78.17 on Thursday. The company has a current ratio of 4.72, a quick ratio of 3.91 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $3.81 billion, a P/E ratio of 83.16 and a beta of 1.80. The firm has a 50-day moving average price of $100.87 and a two-hundred day moving average price of $131.24. Freshpet has a twelve month low of $72.90 and a twelve month high of $164.07.

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Elequin Capital LP acquired a new stake in Freshpet in the 4th quarter valued at about $29,000. Geneos Wealth Management Inc. lifted its stake in Freshpet by 302.0% during the fourth 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 bought a new stake in Freshpet during the third quarter worth approximately $32,000. Jones Financial Companies Lllp grew its position in Freshpet by 130.9% in the fourth quarter. Jones Financial Companies Lllp now owns 217 shares of the company’s stock worth $32,000 after buying an additional 123 shares during the last quarter. Finally, R Squared Ltd acquired a new stake in shares of Freshpet during the 4th quarter valued at $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.