Freshpet (NASDAQ:FRPT) Reaches New 52-Week High at $134.30

Freshpet, Inc. (NASDAQ:FRPTGet Free Report) reached a new 52-week high on Wednesday . The stock traded as high as $134.30 and last traded at $132.95, with a volume of 65966 shares. The stock had previously closed at $132.36.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Robert W. Baird upped their target price on Freshpet from $125.00 to $135.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 7th. Wells Fargo & Company upped their target price on Freshpet from $124.00 to $140.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 7th. Benchmark upped their target price on Freshpet from $125.00 to $150.00 and gave the stock a “buy” rating in a research note on Tuesday, June 11th. Truist Financial upgraded Freshpet from a “hold” rating to a “buy” rating and upped their target price for the stock from $120.00 to $135.00 in a research note on Monday, March 11th. Finally, Oppenheimer upped their target price on Freshpet from $135.00 to $155.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 25th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $130.25.

Get Our Latest Analysis on Freshpet

Freshpet Stock Performance

The firm has a market capitalization of $6.42 billion, a P/E ratio of 735.94 and a beta of 1.36. The company has a current ratio of 4.97, a quick ratio of 4.09 and a debt-to-equity ratio of 0.43. The company has a 50-day moving average of $125.38 and a 200-day moving average of $107.51.

Freshpet (NASDAQ:FRPTGet Free Report) last announced its earnings results on Monday, May 6th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.22) by $0.43. The business had revenue of $223.85 million during the quarter, compared to analyst estimates of $216.43 million. Freshpet had a return on equity of 0.20% and a net margin of 1.19%. On average, equities analysts anticipate that Freshpet, Inc. will post 0.54 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Stephen Macchiaverna sold 6,548 shares of the firm’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $120.15, for a total transaction of $786,742.20. Following the completion of the transaction, the executive vice president now directly owns 86,039 shares of the company’s stock, valued at approximately $10,337,585.85. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders sold a total of 13,560 shares of company stock valued at $1,701,580 in the last three months. Insiders own 3.60% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Oak Thistle LLC bought a new position in shares of Freshpet in the 4th quarter worth about $1,200,000. Impax Asset Management Group plc bought a new position in shares of Freshpet in the 4th quarter worth about $4,338,000. Nicholas Investment Partners LP bought a new position in shares of Freshpet in the 4th quarter worth about $2,278,000. Trust Point Inc. bought a new position in shares of Freshpet in the 4th quarter worth about $963,000. Finally, Allspring Global Investments Holdings LLC raised its position in shares of Freshpet by 89.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 90,997 shares of the company’s stock worth $7,895,000 after acquiring an additional 42,973 shares in the last quarter.

About Freshpet

(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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