Brokerages Set Freshpet, Inc. (NASDAQ:FRPT) Price Target at $107.36

Shares of Freshpet, Inc. (NASDAQ:FRPT) have earned an average rating of “Moderate Buy” from the fourteen research firms that are covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $107.36.

Several analysts recently issued reports on the stock. StockNews.com upgraded shares of Freshpet to a “sell” rating in a research report on Saturday, December 30th. DA Davidson boosted 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. Piper Sandler raised their price objective on Freshpet from $100.00 to $130.00 and gave the company an “overweight” rating in a research note on Tuesday, February 27th. Stifel Nicolaus raised their price objective on Freshpet from $115.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. Finally, Oppenheimer increased their target price on shares of Freshpet from $100.00 to $115.00 and gave the company an “outperform” rating in a research report on Friday, February 16th.

Freshpet Stock Up 0.5 %

NASDAQ:FRPT opened at $105.24 on Friday. Freshpet has a twelve month low of $54.60 and a twelve month high of $117.76. The firm has a market capitalization of $5.08 billion, a price-to-earnings ratio of -148.23 and a beta of 1.23. The company has a quick ratio of 4.08, a current ratio of 4.79 and a debt-to-equity ratio of 0.44. The stock’s 50 day moving average price is $106.78 and its two-hundred day moving average price is $86.03.

Freshpet (NASDAQ:FRPT) last announced its quarterly earnings results on Monday, February 26th. The company reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.22. The business had revenue of $215.40 million for the quarter, compared to analyst estimates of $204.93 million. Freshpet had a negative net margin of 4.38% and a negative return on equity of 3.56%. Freshpet’s quarterly revenue was up 29.9% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.06) EPS. Equities research analysts expect that Freshpet will post 0.07 earnings per share for the current fiscal year.

Insider Activity at Freshpet

In other news, EVP Stephen Macchiaverna sold 7,130 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $108.53, for a total transaction of $773,818.90. Following the transaction, the executive vice president now directly owns 85,056 shares of the company’s stock, valued at $9,231,127.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Stephen Macchiaverna sold 7,130 shares of Freshpet stock in a transaction dated 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 $9,231,127.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Scott James Morris sold 2,500 shares of the company’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $113.76, for a total transaction of $284,400.00. Following the completion of the sale, the chief operating officer now owns 122,380 shares in the company, valued at approximately $13,921,948.80. The disclosure for this sale can be found here. Insiders sold 15,762 shares of company stock valued at $1,737,280 in the last three months. Corporate insiders own 3.60% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. GAMMA Investing LLC grew its holdings in Freshpet by 100.8% during the first quarter. GAMMA Investing LLC now owns 263 shares of the company’s stock worth $30,000 after buying an additional 132 shares in the last quarter. Johnson Financial Group Inc. bought a new stake in shares of Freshpet in the 4th quarter worth $29,000. RiverPark Advisors LLC purchased a new stake in shares of Freshpet in the third quarter valued at about $28,000. Quarry LP bought a new position in shares of Freshpet during the fourth quarter valued at about $40,000. Finally, Washington Trust Advisors Inc. grew its position in Freshpet by 617.3% in the 4th quarter. Washington Trust Advisors Inc. now owns 581 shares of the company’s stock worth $50,000 after purchasing an additional 500 shares in 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.