DA Davidson Boosts Freshpet (NASDAQ:FRPT) Price Target to $189.00

Freshpet (NASDAQ:FRPT) had its price objective upped by analysts at DA Davidson from $183.00 to $189.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm presently has a “buy” rating on the stock. DA Davidson’s target price points to a potential upside of 21.73% from the stock’s current price.

A number of other analysts also recently commented on the stock. Bank of America boosted their price target on shares of Freshpet from $140.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. Truist Financial upped their target price on Freshpet from $160.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday. Stifel Nicolaus boosted their price objective on Freshpet from $135.00 to $155.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Benchmark reaffirmed a “buy” rating and set a $150.00 target price on shares of Freshpet in a research note on Friday, November 1st. Finally, Wells Fargo & Company boosted their price target on shares of Freshpet from $157.00 to $175.00 and gave the stock an “overweight” rating in a research report on Tuesday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, Freshpet presently has an average rating of “Moderate Buy” and an average price target of $156.13.

Freshpet Trading Up 2.4 %

Shares of NASDAQ:FRPT opened at $155.27 on Tuesday. The company’s 50-day moving average price is $138.60 and its 200 day moving average price is $129.81. Freshpet has a fifty-two week low of $65.81 and a fifty-two week high of $157.10. The company has a market cap of $7.53 billion, a PE ratio of 174.46 and a beta of 1.39. The company has a quick ratio of 3.69, a current ratio of 4.50 and a debt-to-equity ratio of 0.42.

Freshpet (NASDAQ:FRPT) last announced its quarterly earnings results on Monday, November 4th. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.10. The company had revenue of $253.40 million during the quarter, compared to analyst estimates of $248.36 million. Freshpet had a return on equity of 3.72% and a net margin of 4.75%. The firm’s quarterly revenue was up 26.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.15) EPS. Sell-side analysts anticipate that Freshpet will post 0.73 earnings per share for the current year.

Insider Buying and Selling

In other Freshpet news, EVP Stephen Macchiaverna sold 2,178 shares of the business’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $140.01, for a total value 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. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 3.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Freshpet

Several institutional investors have recently made changes to their positions in FRPT. ORG Wealth Partners LLC bought a new stake in Freshpet in the third quarter worth approximately $29,000. ORG Partners LLC bought a new position in shares of Freshpet during the 2nd quarter valued at $32,000. Whittier Trust Co. acquired a new stake in shares of Freshpet in the 1st quarter valued at $41,000. GAMMA Investing LLC boosted its holdings in Freshpet by 41.1% in the second quarter. GAMMA Investing LLC now owns 371 shares of the company’s stock worth $48,000 after purchasing an additional 108 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. raised its holdings in Freshpet by 3,670.0% during the second 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.