Freshpet, Inc. (NASDAQ:FRPT) Given Consensus Rating of “Moderate Buy” by Brokerages

by · The Cerbat Gem

Shares of Freshpet, Inc. (NASDAQ:FRPT – Get Free Report) have been assigned an average rating of “Moderate Buy” from the fifteen research firms that are presently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $142.87.

FRPT has been the topic of several recent analyst reports. TD Cowen upped their price objective on shares of Freshpet from $143.00 to $160.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th. Benchmark reissued a “buy” rating and set a $150.00 price objective on shares of Freshpet in a research note on Wednesday, August 7th. Piper Sandler reissued an “overweight” rating and set a $150.00 price objective on shares of Freshpet in a research note on Tuesday, July 2nd. Oppenheimer upped their price objective on shares of Freshpet from $135.00 to $155.00 and gave the company an “outperform” rating in a research note on Tuesday, June 25th. Finally, Bank of America upped their price objective on shares of Freshpet from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th.

View Our Latest Analysis on FRPT

Freshpet Stock Down 0.1 %

FRPT stock opened at $144.05 on Friday. The company’s 50 day simple moving average is $136.18 and its 200-day simple moving average is $126.66. The firm has a market capitalization of $6.98 billion, a PE ratio of 800.28 and a beta of 1.39. Freshpet has a 12 month low of $54.60 and a 12 month high of $145.68. The company has a debt-to-equity ratio of 0.42, a current ratio of 4.50 and a quick ratio of 3.69.

Freshpet (NASDAQ:FRPT – Get Free Report) last released its quarterly earnings results on Monday, August 5th. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.09) by $0.06. The business had revenue of $235.30 million for the quarter, compared to analyst estimates of $230.99 million. Freshpet had a net margin of 2.86% and a return on equity of 1.78%. The company’s quarterly revenue was up 28.4% on a year-over-year basis. During the same period in the prior year, the business earned ($0.35) earnings per share. Equities analysts expect that Freshpet will post 0.72 earnings per share for the current fiscal year.

Insider Transactions at Freshpet

In other news, EVP Stephen Macchiaverna sold 2,178 shares of the stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $140.01, for a total value of $304,941.78. Following the completion of the sale, the executive vice president now owns 86,039 shares of the company’s stock, valued at $12,046,320.39. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 3.60% of the company’s stock.

Institutional Investors Weigh In On Freshpet

Several large investors have recently made changes to their positions in FRPT. Gilder Gagnon Howe & Co. LLC grew its holdings in Freshpet by 2.9% during the 4th quarter. Gilder Gagnon Howe & Co. LLC now owns 1,709,572 shares of the company’s stock valued at $148,322,000 after purchasing an additional 47,862 shares in the last quarter. GSA Capital Partners LLP grew its holdings in Freshpet by 308.1% during the 4th quarter. GSA Capital Partners LLP now owns 39,780 shares of the company’s stock valued at $3,451,000 after purchasing an additional 30,033 shares in the last quarter. Quarry LP acquired a new stake in Freshpet during the 4th quarter valued at $40,000. Sierra Summit Advisors LLC acquired a new stake in Freshpet during the 4th quarter valued at $287,000. Finally, Fisher Asset Management LLC grew its holdings in Freshpet by 2.1% during the 4th quarter. Fisher Asset Management LLC now owns 216,155 shares of the company’s stock valued at $18,754,000 after purchasing an additional 4,385 shares in the last quarter.

Freshpet Company Profile

(Get Free Report

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.

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