Freshpet (NASDAQ:FRPT) had its price target lifted by equities research analysts at JPMorgan Chase & Co. from $170.00 to $187.00 in a note issued to investors on Tuesday, The Fly reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 30.83% from the company’s current price.

Several other research analysts also recently issued reports on the stock. Truist upped their price target on shares of Freshpet from $120.00 to $140.00 in a report on Thursday, January 14th. Oppenheimer upgraded Freshpet from a “market perform” rating to an “outperform” rating and set a $175.00 price target for the company in a report on Thursday, January 21st. Stephens initiated coverage on Freshpet in a research note on Tuesday, January 19th. They issued an “overweight” rating and a $180.00 target price for the company. TheStreet downgraded Freshpet from a “b” rating to a “c+” rating in a research note on Monday, November 2nd. Finally, Stifel Nicolaus lifted their price target on Freshpet from $120.00 to $160.00 and gave the company a “buy” rating in a research note on Monday, January 11th. One analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $130.94.

Shares of FRPT stock traded down $6.40 on Tuesday, hitting $142.93. 56,231 shares of the company’s stock were exchanged, compared to its average volume of 258,216. The company has a 50 day moving average of $151.99 and a 200 day moving average of $129.14. The stock has a market cap of $5.81 billion, a P/E ratio of 1,233.02, a price-to-earnings-growth ratio of 5.40 and a beta of 0.85. Freshpet has a 12 month low of $40.79 and a 12 month high of $173.52.

Freshpet (NASDAQ:FRPT) last posted its earnings results on Sunday, February 21st. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.17). Freshpet had a return on equity of 1.49% and a net margin of 1.60%. The company had revenue of $84.52 million during the quarter, compared to the consensus estimate of $84.59 million. During the same period last year, the company posted $0.12 EPS. The firm’s revenue was up 28.5% compared to the same quarter last year. As a group, analysts predict that Freshpet will post 0.11 EPS for the current fiscal year.

In other news, Director Daryl G. Brewster sold 16,053 shares of Freshpet stock in a transaction that occurred on Tuesday, December 8th. The shares were sold at an average price of $136.76, for a total value of $2,195,408.28. Following the completion of the sale, the director now directly owns 58,132 shares in the company, valued at $7,950,132.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 4.50% of the company’s stock.

A number of large investors have recently modified their holdings of the business. Principal Financial Group Inc. lifted its holdings in Freshpet by 67.7% during the fourth quarter. Principal Financial Group Inc. now owns 9,807 shares of the company’s stock valued at $1,392,000 after purchasing an additional 3,958 shares in the last quarter. JPMorgan Chase & Co. grew its position in Freshpet by 12.6% in the fourth quarter. JPMorgan Chase & Co. now owns 1,187,251 shares of the company’s stock worth $168,578,000 after acquiring an additional 132,674 shares in the last quarter. Truist Financial Corp grew its position in Freshpet by 6.8% in the fourth quarter. Truist Financial Corp now owns 29,887 shares of the company’s stock worth $4,243,000 after acquiring an additional 1,895 shares in the last quarter. Twinbeech Capital LP purchased a new position in Freshpet in the fourth quarter worth about $464,000. Finally, Squarepoint Ops LLC purchased a new position in Freshpet in the fourth quarter worth about $1,098,000. 93.96% of the stock is currently owned by institutional investors and hedge funds.

About Freshpet

Freshpet, Inc manufactures and markets natural fresh products, refrigerated meals, and treats for dogs and cats in the United States, Canada, and the United Kingdom. The company sells its products under the Freshpet brand; and Dognation and Dog Joy labels through various classes of retail, including grocery, mass, club, pet specialty, and natural, as well as online.

See Also: Analyzing a company’s cash flow statement

The Fly

Analyst Recommendations for Freshpet (NASDAQ:FRPT)

Receive News & Ratings for Freshpet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Freshpet and related companies with MarketBeat.com's FREE daily email newsletter.