Stifel Nicolaus Cuts Freshpet (NASDAQ:FRPT) Price Target to $155.00

Freshpet (NASDAQ:FRPT) had its target price cut by Stifel Nicolaus from $165.00 to $155.00 in a research report report published on Friday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other brokerages also recently commented on FRPT. Robert W. Baird upped their price target on shares of Freshpet from $157.00 to $170.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. JPMorgan Chase & Co. boosted their price objective on shares of Freshpet from $126.00 to $154.00 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. StockNews.com cut shares of Freshpet from a “hold” rating to a “sell” rating in a research report on Wednesday, November 20th. Truist Financial upped their price target on shares of Freshpet from $160.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Finally, Oppenheimer upped their price target on shares of Freshpet from $155.00 to $180.00 and gave the stock an “outperform” rating in a research report on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, Freshpet presently has a consensus rating of “Moderate Buy” and a consensus price target of $161.93.

Freshpet Stock Performance

Freshpet stock opened at $100.26 on Friday. The company’s 50-day moving average price is $145.55 and its 200-day moving average price is $143.13. Freshpet has a twelve month low of $89.15 and a twelve month high of $164.07. The company has a quick ratio of 3.91, a current ratio of 4.72 and a debt-to-equity ratio of 0.41. The company has a market cap of $4.88 billion, a PE ratio of 106.65 and a beta of 1.42.

Freshpet (NASDAQ:FRPT) last posted its earnings results on Thursday, February 20th. The company reported $0.36 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.36. The firm had revenue of $262.71 million for the quarter, compared to the consensus estimate of $275.46 million. Freshpet had a net margin of 4.81% and a return on equity of 3.92%. On average, equities research analysts forecast that Freshpet will post 1.55 EPS for the current fiscal year.

Insider Buying and Selling at Freshpet

In other Freshpet news, President Scott James Morris sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $158.13, for a total transaction of $790,650.00. Following the transaction, the president now owns 122,380 shares in the company, valued at approximately $19,351,949.40. This represents a 3.93 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Elequin Capital LP acquired a new stake in shares of Freshpet in the fourth quarter worth $29,000. Geneos Wealth Management Inc. boosted its holdings in Freshpet by 302.0% during the fourth quarter. Geneos Wealth Management Inc. now owns 201 shares of the company’s stock worth $30,000 after buying an additional 151 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Freshpet during the third quarter worth $32,000. Jones Financial Companies Lllp boosted its holdings in Freshpet by 130.9% during the fourth quarter. Jones Financial Companies Lllp now owns 217 shares of the company’s stock worth $32,000 after buying an additional 123 shares in the last quarter. Finally, R Squared Ltd purchased a new stake in Freshpet during the fourth quarter worth $39,000.

About Freshpet

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.