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

Freshpet, Inc. (NASDAQ:FRPT) has been assigned a consensus recommendation of “Moderate Buy” from the fourteen research firms that are currently covering the company, Marketbeat reports. Four analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $133.43.

Several research analysts recently commented on FRPT shares. Oppenheimer downgraded Freshpet from an “outperform” rating to a “market perform” rating in a research note on Tuesday, March 11th. Jefferies Financial Group upgraded shares of Freshpet from a “hold” rating to a “buy” rating and cut their price objective for the company from $155.00 to $150.00 in a report on Monday, February 24th. Robert W. Baird lowered their target price on Freshpet from $125.00 to $115.00 and set an “outperform” rating on the stock in a report on Tuesday, May 6th. Truist Financial lowered Freshpet from a “buy” rating to a “hold” rating and dropped their price target for the company from $90.00 to $80.00 in a research report on Wednesday, April 30th. Finally, Piper Sandler lowered their price objective on Freshpet from $160.00 to $145.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 25th.

Institutional Trading of Freshpet

Several institutional investors and hedge funds have recently modified their holdings of FRPT. M&T Bank Corp lifted its stake in shares of Freshpet by 3.2% during the fourth quarter. M&T Bank Corp now owns 2,253 shares of the company’s stock valued at $333,000 after buying an additional 70 shares during the period. Vident Advisory LLC grew its position in shares of Freshpet by 4.0% in the fourth quarter. Vident Advisory LLC now owns 2,111 shares of the company’s stock valued at $313,000 after purchasing an additional 82 shares during the period. Freedom Investment Management Inc. increased its stake in Freshpet by 5.3% in the fourth quarter. Freedom Investment Management Inc. now owns 1,678 shares of the company’s stock valued at $249,000 after purchasing an additional 84 shares during the last quarter. Arizona State Retirement System lifted its position in Freshpet by 0.8% during the fourth quarter. Arizona State Retirement System now owns 13,350 shares of the company’s stock worth $1,977,000 after buying an additional 101 shares during the period. Finally, Williamson Legacy Group LLC lifted its position in Freshpet by 1.6% during the fourth quarter. Williamson Legacy Group LLC now owns 6,903 shares of the company’s stock worth $1,022,000 after buying an additional 112 shares during the period.

Freshpet Trading Down 0.5%

NASDAQ FRPT opened at $84.50 on Friday. Freshpet has a one year low of $71.19 and a one year high of $164.07. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.91 and a current ratio of 4.72. The company has a market capitalization of $4.12 billion, a price-to-earnings ratio of 89.89 and a beta of 1.85. The company’s 50-day simple moving average is $80.60 and its two-hundred day simple moving average is $118.68.

Freshpet (NASDAQ:FRPT) last announced its earnings results on Monday, May 5th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.04). Freshpet had a net margin of 4.81% and a return on equity of 3.92%. The business had revenue of $263.25 million for the quarter, compared to analyst estimates of $265.57 million. During the same period in the prior year, the company earned $0.37 earnings per share. The company’s quarterly revenue was up 17.6% on a year-over-year basis. Equities analysts forecast that Freshpet will post 1.55 EPS for the current fiscal year.

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.