Freshpet, Inc. (NASDAQ:FRPT) Stock Has Consensus Price Target of $75.75

Freshpet, Inc. (NASDAQ:FRPT) has been assigned an average recommendation of “Hold” from the nineteen analysts that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $75.75.

A number of research analysts have recently commented on FRPT shares. JPMorgan Chase & Co. increased their price objective on Freshpet from $68.00 to $72.00 and gave the company an “overweight” rating in a report on Tuesday, July 28th. Weiss Ratings raised Freshpet from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, September 28th. Stifel Nicolaus increased their price target on shares of Freshpet from $66.00 to $78.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Piper Sandler reiterated an “overweight” rating on shares of Freshpet in a research note on Monday. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $70.00 price objective on shares of Freshpet in a report on Thursday, August 6th.

Insider Transactions at Freshpet

In related news, CEO William Cyr sold 2,657 shares of the firm’s stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $75.40, for a total transaction of $200,337.80. Following the transaction, the chief executive officer owned 49,044 shares in the company, valued at $3,697,917.60. This trade represents a 5.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Walter George bought 1,000 shares of the stock in a transaction dated Monday, September 14th. The shares were acquired at an average price of $64.92 per share, for a total transaction of $64,920.00. Following the completion of the transaction, the director owned 51,746 shares of the company’s stock, valued at approximately $3,359,350.32. The trade was a 1.97% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders sold 171,636 shares of company stock valued at $12,754,864. Insiders own 4.30% of the company’s stock.

Institutional Investors Weigh In On Freshpet

Several hedge funds have recently modified their holdings of FRPT. GAMMA Investing LLC grew its position in Freshpet by 34.5% in the 3rd quarter. GAMMA Investing LLC now owns 2,439 shares of the company’s stock valued at $140,000 after buying an additional 625 shares during the last quarter. Tidal Investments LLC boosted its stake in shares of Freshpet by 1.8% in the second quarter. Tidal Investments LLC now owns 39,313 shares of the company’s stock valued at $2,324,000 after buying an additional 697 shares in the last quarter. WINTON GROUP Ltd boosted its stake in shares of Freshpet by 456.0% in the second quarter. WINTON GROUP Ltd now owns 116,816 shares of the company’s stock valued at $6,906,000 after buying an additional 95,806 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new position in Freshpet during the second quarter worth $34,000. Finally, Amundi raised its position in Freshpet by 6.2% in the second quarter. Amundi now owns 16,944 shares of the company’s stock worth $1,002,000 after acquiring an additional 986 shares in the last quarter.

Freshpet Trading Up 3.1%

NASDAQ FRPT opened at $65.18 on Tuesday. The firm has a 50 day simple moving average of $66.37 and a 200-day simple moving average of $60.35. The company has a debt-to-equity ratio of 0.34, a quick ratio of 5.03 and a current ratio of 6.05. Freshpet has a one year low of $46.45 and a one year high of $86.00. The firm has a market cap of $3.20 billion, a price-to-earnings ratio of 17.15 and a beta of 1.78.

Freshpet (NASDAQ:FRPT) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.17. Freshpet had a return on equity of 5.97% and a net margin of 17.28%.The business had revenue of $305.59 million for the quarter, compared to analysts’ expectations of $292.35 million. During the same period last year, the firm earned $0.33 earnings per share. The company’s revenue for the quarter was up 15.4% compared to the same quarter last year. Equities research analysts anticipate that Freshpet will post 1.26 EPS for the current fiscal year.

About Freshpet

Freshpet, Inc (NASDAQ: FRPT) is a pet food company that develops, manufactures and markets refrigerated, fresh food and treats for dogs and cats. Its products are made with ingredients such as meat, poultry, fish, vegetables and other components, and are kept refrigerated throughout distribution and retail.

The company sells fresh meals, rolls, treats and other pet nutrition products under the Freshpet brand and related product lines. Its offerings are marketed through grocery stores, mass merchants, club stores, pet specialty retailers, e-commerce platforms and other retail channels.

Freshpet was founded in 2006 and is based in Secaucus, New Jersey.