Freshpet (NASDAQ:FRPT) Price Target Increased to $135.00 by Analysts at Oppenheimer

Freshpet (NASDAQ:FRPT) had its price target increased by Oppenheimer from $120.00 to $135.00 in a research report sent to investors on Tuesday morning, Benzinga reports. They currently have an outperform rating on the stock.

Several other equities research analysts have also recently commented on the stock. Truist Financial upgraded shares of Freshpet from a hold rating to a buy rating and lifted their price target for the stock from $120.00 to $135.00 in a research report on Monday, March 11th. Stifel Nicolaus lifted their price target on shares of Freshpet from $115.00 to $135.00 and gave the stock a buy rating in a research report on Thursday, April 11th. Piper Sandler lifted their price target on shares of Freshpet from $100.00 to $130.00 and gave the stock an overweight rating in a research report on Tuesday, February 27th. Robert W. Baird lifted their price target on shares of Freshpet from $125.00 to $135.00 and gave the stock an outperform rating in a research report on Tuesday. Finally, DA Davidson lifted their price target on shares of Freshpet from $104.00 to $138.00 and gave the stock a buy rating in a research report on Wednesday, March 13th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Freshpet presently has an average rating of Moderate Buy and an average price target of $119.71.

Freshpet Trading Down 0.3 %

Shares of NASDAQ FRPT opened at $120.70 on Tuesday. Freshpet has a 1-year low of $54.60 and a 1-year high of $127.25. The company has a market cap of $5.85 billion, a PE ratio of -170.00 and a beta of 1.24. The company has a current ratio of 4.79, a quick ratio of 4.08 and a debt-to-equity ratio of 0.44. The company has a 50-day moving average of $110.64 and a two-hundred day moving average of $90.00.

Freshpet (NASDAQ:FRPT) last announced its earnings results on Monday, February 26th. The company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.22. Freshpet had a negative net margin of 4.38% and a negative return on equity of 3.56%. The company had revenue of $215.40 million during the quarter, compared to the consensus estimate of $204.93 million. During the same period in the previous year, the firm posted ($0.06) earnings per share. The company’s revenue was up 29.9% on a year-over-year basis. As a group, equities analysts expect that Freshpet will post 0.07 earnings per share for the current fiscal year.

Insider Transactions at Freshpet

In other Freshpet news, COO Scott James Morris sold 2,500 shares of the stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $112.02, for a total transaction of $280,050.00. Following the completion of the transaction, the chief operating officer now owns 122,380 shares in the company, valued at approximately $13,709,007.60. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, COO Scott James Morris sold 2,500 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $112.02, for a total transaction of $280,050.00. Following the completion of the transaction, the chief operating officer now directly owns 122,380 shares of the company’s stock, valued at $13,709,007.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Stephen Macchiaverna sold 7,130 shares of the stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $108.53, for a total value of $773,818.90. Following the transaction, the executive vice president now owns 85,056 shares of the company’s stock, valued at $9,231,127.68. The disclosure for this sale can be found here. Insiders sold 15,762 shares of company stock valued at $1,737,280 over the last quarter. Corporate insiders own 3.60% of the company’s stock.

Institutional Trading of Freshpet

A number of institutional investors have recently made changes to their positions in FRPT. JANA Partners Management LP acquired a new stake in Freshpet in the 3rd quarter valued at $214,405,000. Norges Bank bought a new position in shares of Freshpet in the 4th quarter valued at about $40,327,000. Lord Abbett & CO. LLC acquired a new stake in shares of Freshpet in the third quarter valued at about $28,044,000. Jennison Associates LLC raised its holdings in Freshpet by 36.6% during the fourth quarter. Jennison Associates LLC now owns 915,827 shares of the company’s stock worth $79,457,000 after acquiring an additional 245,403 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its position in Freshpet by 211.6% during the fourth quarter. Victory Capital Management Inc. now owns 345,810 shares of the company’s stock valued at $30,002,000 after purchasing an additional 234,836 shares during the last quarter.

Freshpet Company Profile

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.