Brokerages Set Freshpet, Inc. (NASDAQ:FRPT) Target Price at $164.29

Shares of Freshpet, Inc. (NASDAQ:FRPT) have been assigned a consensus recommendation of “Moderate Buy” from the fourteen brokerages that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $164.29.

A number of brokerages have recently issued reports on FRPT. Truist Financial boosted their target price on Freshpet from $160.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Stifel Nicolaus boosted their target price on Freshpet from $155.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Citigroup decreased their price target on Freshpet from $155.00 to $142.00 and set a “neutral” rating for the company in a research note on Wednesday. DA Davidson boosted their price objective on Freshpet from $183.00 to $189.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Finally, Robert W. Baird upped their price target on Freshpet from $157.00 to $170.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th.

Insider Buying and Selling

In other Freshpet news, President Scott James Morris sold 5,000 shares of the 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 transaction, the president now directly owns 122,380 shares in the company, valued at approximately $19,260,164.40. This trade represents a 3.93 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of FRPT. Freestone Grove Partners LP acquired a new stake in shares of Freshpet during the fourth quarter worth $4,944,000. PDT Partners LLC acquired a new stake in shares of Freshpet in the fourth quarter valued at about $1,341,000. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Freshpet in the fourth quarter valued at about $1,774,000. Northern Trust Corp increased its position in Freshpet by 14.7% during the fourth quarter. Northern Trust Corp now owns 408,633 shares of the company’s stock worth $60,523,000 after buying an additional 52,284 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new position in Freshpet during the fourth quarter worth approximately $670,000.

Freshpet Stock Down 1.3 %

FRPT opened at $129.61 on Thursday. The stock’s fifty day moving average is $148.30 and its 200-day moving average is $143.15. The company has a market capitalization of $6.29 billion, a PE ratio of 145.63 and a beta of 1.42. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.91 and a current ratio of 4.72. Freshpet has a one year low of $85.50 and a one year high of $164.07.

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.