Freshpet (NASDAQ:FRPT) Given New $115.00 Price Target at Stifel Nicolaus

Freshpet (NASDAQ:FRPT) had its target price lowered by Stifel Nicolaus from $135.00 to $115.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Other equities analysts also recently issued reports about the company. Oppenheimer downgraded Freshpet from an “outperform” rating to a “market perform” rating in a research note on Tuesday, March 11th. JPMorgan Chase & Co. lowered their price target on Freshpet from $154.00 to $102.00 and set an “overweight” rating for the company in a report on Monday, March 10th. Piper Sandler reduced their price objective on Freshpet from $160.00 to $145.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 25th. Jefferies Financial Group upgraded shares of Freshpet from a “hold” rating to a “buy” rating and lowered their target price for the company from $155.00 to $150.00 in a research note on Monday, February 24th. Finally, Wells Fargo & Company reduced their price target on shares of Freshpet from $142.00 to $110.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 2nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, Freshpet has a consensus rating of “Moderate Buy” and a consensus target price of $144.47.

Freshpet Stock Performance

Shares of FRPT opened at $78.17 on Thursday. The firm has a market cap of $3.81 billion, a price-to-earnings ratio of 83.16 and a beta of 1.80. 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 business’s 50 day moving average is $100.87 and its two-hundred day moving average is $131.24. Freshpet has a 52-week low of $72.90 and a 52-week high of $164.07.

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

Institutional Trading of Freshpet

Large investors have recently added to or reduced their stakes in the business. E. Ohman J or Asset Management AB grew its stake in shares of Freshpet by 19.7% in the first quarter. E. Ohman J or Asset Management AB now owns 13,136 shares of the company’s stock worth $1,093,000 after purchasing an additional 2,166 shares in the last quarter. MRA Advisory Group acquired a new position in Freshpet during the 1st quarter valued at about $371,000. Breakwater Capital Group raised its position in shares of Freshpet by 415.1% during the 1st quarter. Breakwater Capital Group now owns 8,747 shares of the company’s stock worth $727,000 after buying an additional 7,049 shares in the last quarter. Merit Financial Group LLC acquired a new stake in shares of Freshpet in the 1st quarter worth approximately $255,000. Finally, Rhumbline Advisers lifted its stake in shares of Freshpet by 131.0% in the 1st quarter. Rhumbline Advisers now owns 106,438 shares of the company’s stock worth $8,852,000 after acquiring an additional 60,352 shares during the period.

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.