Freshpet (NASDAQ:FRPT) PT Raised to $135.00 at Robert W. Baird

Freshpet (NASDAQ:FRPT) had its price target upped by research analysts at Robert W. Baird from $125.00 to $135.00 in a research note issued on Tuesday, Benzinga reports. The firm currently has an “outperform” rating on the stock. Robert W. Baird’s target price indicates a potential upside of 11.54% from the company’s previous close.

Other research analysts also recently issued reports about the company. Oppenheimer lifted their target price on Freshpet from $100.00 to $115.00 and gave the company an “outperform” rating in a research note on Friday, February 16th. StockNews.com upgraded Freshpet to a “sell” rating in a research report on Saturday. DA Davidson lifted their price target on Freshpet from $104.00 to $138.00 and gave the company a “buy” rating in a research note on Wednesday, March 13th. Citigroup initiated coverage on shares of Freshpet in a research note on Thursday, February 1st. They set a “neutral” rating and a $94.00 price target on the stock. Finally, Truist Financial raised Freshpet from a “hold” rating to a “buy” rating and raised their price objective for the company from $120.00 to $135.00 in a research note on Monday, March 11th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $109.86.

Freshpet Trading Up 10.4 %

Freshpet stock opened at $121.03 on Tuesday. 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 has a 50-day moving average price of $110.42 and a 200 day moving average price of $89.54. Freshpet has a 52 week low of $54.60 and a 52 week high of $127.25. The company has a market capitalization of $5.86 billion, a price-to-earnings ratio of -170.46 and a beta of 1.24.

Freshpet (NASDAQ:FRPT) last issued its earnings results on Monday, February 26th. The company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.22. The company had revenue of $215.40 million for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.06) earnings per share. Sell-side analysts anticipate that Freshpet will post 0.07 EPS for the current year.

Insider Activity at Freshpet

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of FRPT. GAMMA Investing LLC grew its position in Freshpet by 100.8% in the first quarter. GAMMA Investing LLC now owns 263 shares of the company’s stock worth $30,000 after buying an additional 132 shares during the last quarter. Oppenheimer Asset Management Inc. grew its holdings in shares of Freshpet by 0.8% during the third quarter. Oppenheimer Asset Management Inc. now owns 33,662 shares of the company’s stock valued at $2,218,000 after buying an additional 279 shares in the last quarter. Diversified Trust Co boosted its position in Freshpet by 1.4% during the 1st quarter. Diversified Trust Co now owns 21,171 shares of the company’s stock worth $2,453,000 after acquiring an additional 287 shares during the period. Blue Bell Private Wealth Management LLC purchased a new position in Freshpet during the 1st quarter valued at about $36,000. Finally, Amalgamated Bank boosted its holdings in shares of Freshpet by 4.6% during the third quarter. Amalgamated Bank now owns 7,678 shares of the company’s stock worth $506,000 after purchasing an additional 335 shares during the period.

Freshpet Company Profile

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.