Freshpet (NASDAQ:FRPT) Price Target Lowered to $102.00 at JPMorgan Chase & Co.

Freshpet (NASDAQ:FRPT) had its price target lowered by JPMorgan Chase & Co. from $154.00 to $102.00 in a report published on Monday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

FRPT has been the topic of several other research reports. Truist Financial reaffirmed a “buy” rating and set a $140.00 price objective (down previously from $170.00) on shares of Freshpet in a research note on Tuesday, February 25th. Jefferies Financial Group raised Freshpet from a “hold” rating to a “buy” rating and dropped their price target for the stock from $155.00 to $150.00 in a research report on Monday, February 24th. Piper Sandler decreased their price objective on Freshpet from $180.00 to $160.00 and set an “overweight” rating for the company in a research report on Friday, February 21st. Wells Fargo & Company dropped their target price on shares of Freshpet from $170.00 to $142.00 and set an “overweight” rating on the stock in a report on Friday, February 21st. Finally, Stifel Nicolaus reduced their price target on shares of Freshpet from $165.00 to $155.00 and set a “buy” rating for the company in a report on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $151.67.

Freshpet Trading Down 12.2 %

NASDAQ FRPT opened at $85.05 on Monday. Freshpet has a 12 month low of $84.41 and a 12 month high of $164.07. The stock has a 50-day simple moving average of $136.84 and a 200 day simple moving average of $141.04. The company has a current ratio of 4.72, a quick ratio of 3.91 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $4.14 billion, a PE ratio of 90.48 and a beta of 1.58.

Freshpet (NASDAQ:FRPT) last posted its earnings results on Thursday, February 20th. The company reported $0.36 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.36. The company 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%. Research analysts forecast that Freshpet will post 1.55 EPS for the current year.

Institutional Trading of Freshpet

Hedge funds and other institutional investors have recently modified their holdings of the stock. WCM Investment Management LLC grew its stake in Freshpet by 749.7% in the third quarter. WCM Investment Management LLC now owns 2,771,377 shares of the company’s stock valued at $376,187,000 after purchasing an additional 2,445,199 shares in the last quarter. Norges Bank acquired a new stake in shares of Freshpet in the 4th quarter valued at approximately $75,253,000. Allspring Global Investments Holdings LLC grew its stake in shares of Freshpet by 198.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 381,385 shares of the company’s stock valued at $55,065,000 after buying an additional 253,679 shares in the last quarter. Point72 Asset Management L.P. grew its stake in shares of Freshpet by 391.5% in the third quarter. Point72 Asset Management L.P. now owns 234,626 shares of the company’s stock valued at $32,090,000 after buying an additional 186,889 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Freshpet by 54.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 439,681 shares of the company’s stock worth $60,135,000 after buying an additional 154,909 shares during 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.