Freshpet (NASDAQ:FRPT) Given New $135.00 Price Target at Stifel Nicolaus

Freshpet (NASDAQ:FRPT) had its target price cut by equities research analysts at Stifel Nicolaus from $155.00 to $135.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ price target suggests a potential upside of 51.05% from the stock’s current price.

A number of other equities analysts also recently weighed in on the company. JPMorgan Chase & Co. reduced their price target on Freshpet from $154.00 to $102.00 and set an “overweight” rating for the company in a research report on Monday. Piper Sandler reduced their target price on shares of Freshpet from $180.00 to $160.00 and set an “overweight” rating for the company in a report on Friday, February 21st. Citigroup decreased their target price on shares of Freshpet from $155.00 to $142.00 and set a “neutral” rating for the company in a research report on Wednesday, February 12th. Oppenheimer cut their price target on shares of Freshpet from $180.00 to $140.00 and set an “outperform” rating on the stock in a research report on Monday, February 24th. Finally, StockNews.com cut Freshpet from a “hold” rating to a “sell” rating in a report on Wednesday, November 20th. One investment 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. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $151.67.

Freshpet Stock Down 7.7 %

Shares of NASDAQ:FRPT traded down $7.48 during midday trading on Monday, reaching $89.38. 1,483,595 shares of the company were exchanged, compared to its average volume of 1,176,189. The firm has a market cap of $4.35 billion, a PE ratio of 95.03 and a beta of 1.58. The company has a quick ratio of 3.91, a current ratio of 4.72 and a debt-to-equity ratio of 0.41. Freshpet has a fifty-two week low of $88.11 and a fifty-two week high of $164.07. The stock has a fifty day simple moving average of $136.84 and a two-hundred day simple moving average of $141.04.

Freshpet (NASDAQ:FRPT) last released 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 the consensus estimate of $275.46 million. Freshpet had a return on equity of 3.92% and a net margin of 4.81%. As a group, sell-side analysts forecast that Freshpet will post 1.55 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in FRPT. M&T Bank Corp lifted its holdings in Freshpet by 3.2% during the 4th quarter. M&T Bank Corp now owns 2,253 shares of the company’s stock valued at $333,000 after purchasing an additional 70 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of Freshpet by 1.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 5,887 shares of the company’s stock valued at $805,000 after purchasing an additional 75 shares during the period. Vident Advisory LLC lifted its stake in shares of Freshpet by 4.0% during the 4th quarter. Vident Advisory LLC now owns 2,111 shares of the company’s stock worth $313,000 after buying an additional 82 shares during the last quarter. Freedom Investment Management Inc. lifted its stake in shares of Freshpet by 5.3% during the 4th quarter. Freedom Investment Management Inc. now owns 1,678 shares of the company’s stock worth $249,000 after buying an additional 84 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of Freshpet by 19.1% during the 4th quarter. GAMMA Investing LLC now owns 573 shares of the company’s stock worth $85,000 after buying an additional 92 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.