Freshpet (NASDAQ:FRPT) Price Target Raised to $101.00

Freshpet (NASDAQ:FRPT) had its target price increased by DA Davidson from $98.00 to $101.00 in a research note issued to investors on Monday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other analysts have also recently weighed in on the company. Bank of America reduced their price target on Freshpet from $80.00 to $75.00 and set a “neutral” rating on the stock in a report on Friday, April 10th. Piper Sandler boosted their price target on Freshpet from $80.00 to $87.00 and gave the stock an “overweight” rating in a report on Wednesday, February 4th. Deutsche Bank Aktiengesellschaft reduced their price target on Freshpet from $69.00 to $62.00 and set a “hold” rating on the stock in a report on Monday, March 30th. Oppenheimer upgraded Freshpet from a “market perform” rating to an “outperform” rating and set a $80.00 price target on the stock in a report on Friday, March 20th. Finally, Weiss Ratings upgraded Freshpet from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, December 29th. Ten equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Freshpet currently has a consensus rating of “Moderate Buy” and a consensus target price of $75.94.

Freshpet Stock Down 0.5%

Shares of NASDAQ FRPT opened at $68.79 on Monday. The company has a current ratio of 5.54, a quick ratio of 4.57 and a debt-to-equity ratio of 0.35. The company has a market cap of $3.37 billion, a price-to-earnings ratio of 26.77 and a beta of 1.78. Freshpet has a 12 month low of $46.76 and a 12 month high of $89.80. The stock has a 50-day moving average price of $70.43 and a two-hundred day moving average price of $63.21.

Freshpet (NASDAQ:FRPT) last issued its earnings results on Monday, February 23rd. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.43 by $0.21. The firm had revenue of $285.23 million during the quarter, compared to the consensus estimate of $285.66 million. Freshpet had a return on equity of 6.93% and a net margin of 12.63%.The business’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.36 earnings per share. As a group, analysts forecast that Freshpet will post 1.55 earnings per share for the current fiscal year.

Institutional Trading of Freshpet

Several institutional investors have recently added to or reduced their stakes in FRPT. Caitong International Asset Management Co. Ltd lifted its stake in Freshpet by 606.8% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 417 shares of the company’s stock valued at $25,000 after buying an additional 358 shares during the period. Motiv8 Investments LLC acquired a new position in shares of Freshpet during the 4th quarter valued at $28,000. State of Wyoming bought a new position in Freshpet during the second quarter worth $34,000. Signaturefd LLC boosted its stake in Freshpet by 143.0% during the fourth quarter. Signaturefd LLC now owns 503 shares of the company’s stock worth $31,000 after acquiring an additional 296 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in Freshpet by 1,388.2% during the second quarter. EverSource Wealth Advisors LLC now owns 506 shares of the company’s stock worth $34,000 after acquiring an additional 472 shares in the last quarter.

About Freshpet

Freshpet Inc (NASDAQ: FRPT) is a leading pet food company specializing in fresh, refrigerated meals and treats for dogs and cats. The company’s products are formulated with carefully selected, natural ingredients and are designed to offer a higher level of nutrition and freshness than traditional dry or canned pet foods. Freshpet’s offerings include refrigerated rolls, pâtés and snacks, all of which are sold through the refrigerated section of grocery, mass-market and pet specialty stores.

Freshpet’s product portfolio is built around the concept of fresh, minimally processed recipes that do not require preservatives or artificial colors.