Freshpet (NASDAQ:FRPT) Price Target Lowered to $155.00 at Stifel Nicolaus

Freshpet (NASDAQ:FRPT) had its price target lowered by Stifel Nicolaus from $165.00 to $155.00 in a research note published on Friday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other analysts have also recently issued reports on FRPT. Benchmark reaffirmed a “buy” rating and set a $150.00 target price on shares of Freshpet in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft increased their target price on Freshpet from $161.00 to $163.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Truist Financial increased their target price on Freshpet from $160.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. JPMorgan Chase & Co. increased their target price on Freshpet from $126.00 to $154.00 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. Finally, Wells Fargo & Company dropped their target price on Freshpet from $170.00 to $142.00 and set an “overweight” rating on the stock in a research report on Friday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Freshpet has an average rating of “Moderate Buy” and a consensus price target of $161.93.

Freshpet Stock Down 5.8 %

Shares of NASDAQ:FRPT opened at $100.26 on Friday. Freshpet has a 52-week low of $89.15 and a 52-week high of $164.07. The stock has a market cap of $4.87 billion, a P/E ratio of 112.65 and a beta of 1.42. The business’s 50 day moving average is $145.55 and its 200 day moving average is $142.91. 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 (NASDAQ:FRPT) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.36 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.36. Freshpet had a return on equity of 3.67% and a net margin of 4.75%. The company had revenue of $262.71 million for the quarter, compared to analysts’ expectations of $275.46 million. Sell-side analysts predict that Freshpet will post 0.89 EPS for the current year.

Insider Buying and Selling

In related news, President Scott James Morris sold 5,000 shares of the firm’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $157.38, for a total value of $786,900.00. Following the completion of the transaction, the president now owns 122,380 shares in the company, valued at $19,260,164.40. This trade represents a 3.93 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 3.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Freshpet

Institutional investors have recently modified their holdings of the stock. Elequin Capital LP purchased a new position in shares of Freshpet during the 4th quarter valued at about $29,000. Geneos Wealth Management Inc. raised its stake in shares of Freshpet by 302.0% during the 4th quarter. Geneos Wealth Management Inc. now owns 201 shares of the company’s stock valued at $30,000 after buying an additional 151 shares during the last quarter. Jones Financial Companies Lllp raised its stake in shares of Freshpet by 130.9% during the 4th quarter. Jones Financial Companies Lllp now owns 217 shares of the company’s stock valued at $32,000 after buying an additional 123 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Freshpet during the 3rd quarter valued at about $32,000. Finally, R Squared Ltd purchased a new position in shares of Freshpet during the 4th quarter valued at about $39,000.

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.