Shares of Freshpet, Inc. (NASDAQ:FRPT – Get Rating) have earned a consensus rating of “Buy” from the fourteen ratings firms that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $130.36.
FRPT has been the subject of several recent research reports. Citigroup reduced their price target on shares of Freshpet from $80.00 to $72.00 in a report on Tuesday, May 3rd. Zacks Investment Research raised shares of Freshpet from a “sell” rating to a “hold” rating in a report on Thursday, May 5th. The Goldman Sachs Group raised shares of Freshpet from a “neutral” rating to a “buy” rating and upped their price objective for the company from $111.00 to $136.00 in a report on Tuesday, March 29th. Cowen dropped their price objective on shares of Freshpet from $181.00 to $163.00 in a report on Tuesday, May 3rd. Finally, Oppenheimer dropped their price objective on shares of Freshpet from $120.00 to $110.00 in a report on Tuesday, May 3rd.
FRPT opened at $66.53 on Friday. Freshpet has a fifty-two week low of $53.09 and a fifty-two week high of $183.38. The stock has a market capitalization of $2.89 billion, a price-to-earnings ratio of -80.16 and a beta of 0.73. The company has a fifty day moving average of $93.11 and a 200 day moving average of $99.00. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.01 and a current ratio of 1.48.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Quadrant Capital Group LLC grew its holdings in shares of Freshpet by 8,433.3% in the first quarter. Quadrant Capital Group LLC now owns 256 shares of the company’s stock valued at $26,000 after purchasing an additional 253 shares during the period. Parallel Advisors LLC boosted its stake in Freshpet by 186.0% during the first quarter. Parallel Advisors LLC now owns 286 shares of the company’s stock worth $30,000 after buying an additional 186 shares during the period. Private Capital Group LLC boosted its stake in Freshpet by 168.4% during the fourth quarter. Private Capital Group LLC now owns 416 shares of the company’s stock worth $40,000 after buying an additional 261 shares during the period. Exchange Traded Concepts LLC purchased a new position in Freshpet during the first quarter worth about $44,000. Finally, FourThought Financial LLC boosted its stake in Freshpet by 69.3% during the fourth quarter. FourThought Financial LLC now owns 452 shares of the company’s stock worth $43,000 after buying an additional 185 shares during the period.
Freshpet Company Profile (Get Rating)
Freshpet, Inc manufactures and markets natural fresh meals and treats for dogs and cats in the United States, Canada, and Europe. The company sells its products under the Freshpet brand; and Dognation and Dog Joy labels through various classes of retail, including grocery, mass, club, pet specialty, and natural, as well as online.
- Get a free copy of the StockNews.com research report on Freshpet (FRPT)
- Rapid7: Could Be Profitable in FY 2022 Despite Bear Market
- Will John Deere’s Earnings Help to Calm the Markets?
- Lowe’s Companies Has Not Bottomed
- Silicon Labs Stock is Falling to a Better Place
- The Institutional Tide Has Turned For Cisco Systems
Receive News & Ratings for Freshpet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Freshpet and related companies with MarketBeat.com's FREE daily email newsletter.