Citigroup Lowers Freshpet (NASDAQ:FRPT) Price Target to $142.00

Freshpet (NASDAQ:FRPT) had its target price cut by research analysts at Citigroup from $155.00 to $142.00 in a report issued on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the stock. Citigroup’s target price would suggest a potential upside of 8.16% from the company’s current price.

A number of other equities analysts also recently weighed in on FRPT. Benchmark reiterated a “buy” rating and issued a $150.00 target price on shares of Freshpet in a report on Friday, November 1st. Truist Financial boosted their price target on Freshpet from $160.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft boosted their price target on Freshpet from $161.00 to $163.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. TD Cowen boosted their price target on Freshpet from $160.00 to $174.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Finally, Wells Fargo & Company boosted their price target on Freshpet from $157.00 to $175.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, two have given a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $164.29.

Freshpet Price Performance

Shares of FRPT opened at $131.29 on Wednesday. The company has a market capitalization of $6.37 billion, a price-to-earnings ratio of 147.52 and a beta of 1.42. Freshpet has a fifty-two week low of $85.50 and a fifty-two week high of $164.07. The company has a debt-to-equity ratio of 0.41, a current ratio of 4.72 and a quick ratio of 3.91. The business’s 50-day moving average is $149.25 and its 200-day moving average is $142.99.

Insider Transactions at Freshpet

In related news, President Scott James Morris sold 5,000 shares of the firm’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $157.38, for a total value of $786,900.00. Following the completion of the transaction, the president now directly owns 122,380 shares of the company’s stock, valued at $19,260,164.40. This trade represents a 3.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 3.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. ORG Wealth Partners LLC bought a new position in Freshpet in the third quarter worth $29,000. Geneos Wealth Management Inc. lifted its position in Freshpet by 302.0% in the fourth quarter. Geneos Wealth Management Inc. now owns 201 shares of the company’s stock worth $30,000 after purchasing an additional 151 shares during the period. Wilmington Savings Fund Society FSB bought a new position in Freshpet in the third quarter worth $32,000. Jones Financial Companies Lllp lifted its position in Freshpet by 130.9% in the fourth quarter. Jones Financial Companies Lllp now owns 217 shares of the company’s stock worth $32,000 after purchasing an additional 123 shares during the period. Finally, R Squared Ltd bought a new position in shares of Freshpet during the fourth quarter valued at $39,000.

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.