Freshpet, Inc. (NASDAQ:FRPT) Receives Average Recommendation of “Moderate Buy” from Brokerages

Freshpet, Inc. (NASDAQ:FRPT) has been given a consensus rating of “Moderate Buy” by the fifteen analysts that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and thirteen have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $156.47.

Several equities analysts recently issued reports on the company. Jefferies Financial Group raised Freshpet from a “hold” rating to a “buy” rating and cut their target price for the company from $155.00 to $150.00 in a research report on Monday, February 24th. Wells Fargo & Company cut their target price on Freshpet from $170.00 to $142.00 and set an “overweight” rating on the stock in a research report on Friday, February 21st. Oppenheimer cut their target price on Freshpet from $180.00 to $140.00 and set an “outperform” rating on the stock in a research report on Monday, February 24th. Truist Financial reissued a “buy” rating and issued a $140.00 target price (down from $170.00) on shares of Freshpet in a research report on Tuesday, February 25th. Finally, Piper Sandler cut their target price on Freshpet from $180.00 to $160.00 and set an “overweight” rating on the stock in a research report on Friday, February 21st.

Freshpet Stock Up 6.3 %

Shares of NASDAQ:FRPT opened at $96.86 on Monday. Freshpet has a 1 year low of $89.59 and a 1 year high of $164.07. The business has a 50 day simple moving average of $136.84 and a two-hundred day simple moving average of $141.04. The firm has a market capitalization of $4.72 billion, a PE ratio of 103.04 and a beta of 1.58. The company has a debt-to-equity ratio of 0.41, a current ratio of 4.72 and a quick ratio of 3.91.

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

Institutional Investors Weigh In On Freshpet

Large investors have recently made changes to their positions in the business. Elequin Capital LP acquired a new stake in shares of Freshpet during the fourth quarter worth $29,000. Geneos Wealth Management Inc. raised its holdings in shares of 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 purchasing an additional 151 shares during the period. Jones Financial Companies Lllp raised its holdings in shares of 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 purchasing an additional 123 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of Freshpet during the third quarter worth $32,000. Finally, R Squared Ltd acquired a new stake in shares of 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.