Freshpet (NASDAQ:FRPT) Given New $189.00 Price Target at DA Davidson

Freshpet (NASDAQ:FRPT) had its price objective upped by DA Davidson from $183.00 to $189.00 in a research note published on Tuesday,Benzinga reports. They currently have a buy rating on the stock.

Other analysts have also issued reports about the stock. Truist Financial raised their price objective on shares of Freshpet from $160.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday. Benchmark restated a “buy” rating and issued a $150.00 price objective on shares of Freshpet in a report on Friday, November 1st. Citigroup increased their target price on Freshpet from $124.00 to $129.00 and gave the company a “neutral” rating in a research note on Wednesday, July 17th. Wells Fargo & Company boosted their price target on Freshpet from $157.00 to $175.00 and gave the stock an “overweight” rating in a research note on Tuesday. Finally, TD Cowen increased their price objective on Freshpet from $160.00 to $174.00 and gave the company a “buy” rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $156.13.

Freshpet Price Performance

FRPT stock opened at $156.45 on Tuesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 3.69 and a current ratio of 4.50. The firm has a 50 day moving average price of $139.37 and a 200-day moving average price of $130.33. Freshpet has a 52-week low of $65.85 and a 52-week high of $159.12. The firm has a market capitalization of $7.59 billion, a price-to-earnings ratio of 175.79 and a beta of 1.39.

Freshpet (NASDAQ:FRPT) last announced its quarterly earnings data on Monday, November 4th. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.10. Freshpet had a return on equity of 3.72% and a net margin of 4.75%. The business had revenue of $253.40 million during the quarter, compared to analysts’ expectations of $248.36 million. During the same quarter in the previous year, the business earned ($0.15) earnings per share. The firm’s quarterly revenue was up 26.3% compared to the same quarter last year. Equities research analysts forecast that Freshpet will post 0.73 EPS for the current fiscal year.

Insider Buying and Selling at Freshpet

In other news, EVP Stephen Macchiaverna sold 2,178 shares of Freshpet stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $140.01, for a total transaction of $304,941.78. Following the transaction, the executive vice president now owns 86,039 shares in the company, valued at $12,046,320.39. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. ORG Wealth Partners LLC bought a new position in shares of Freshpet during the 3rd quarter valued at approximately $29,000. ORG Partners LLC bought a new position in shares of Freshpet in the second quarter worth approximately $32,000. Whittier Trust Co. purchased a new stake in shares of Freshpet in the first quarter worth $41,000. GAMMA Investing LLC raised its position in shares of Freshpet by 41.1% during the 2nd quarter. GAMMA Investing LLC now owns 371 shares of the company’s stock valued at $48,000 after purchasing an additional 108 shares during the period. Finally, Benjamin F. Edwards & Company Inc. lifted its stake in shares of Freshpet by 3,670.0% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 377 shares of the company’s stock valued at $49,000 after buying an additional 367 shares in the last quarter.

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.