Freshpet (NASDAQ:FRPT) Given New $180.00 Price Target at Oppenheimer

Freshpet (NASDAQ:FRPT) had its price objective upped by Oppenheimer from $155.00 to $180.00 in a report released on Thursday morning,Benzinga reports. Oppenheimer currently has an outperform rating on the stock.

Several other research firms also recently weighed in on FRPT. JPMorgan Chase & Co. increased their target price on Freshpet from $126.00 to $154.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Robert W. Baird increased their target price on Freshpet from $157.00 to $170.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. Benchmark reiterated a “buy” rating and set a $150.00 target price on shares of Freshpet in a research report on Friday, November 1st. Citigroup increased their target price on Freshpet from $124.00 to $129.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 17th. Finally, Stifel Nicolaus increased their target price on Freshpet from $155.00 to $165.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, Freshpet has an average rating of “Moderate Buy” and a consensus price target of $157.80.

Freshpet Price Performance

Shares of FRPT traded down $0.83 during trading hours on Thursday, reaching $150.00. 443,612 shares of the company traded hands, compared to its average volume of 583,296. The company has a quick ratio of 3.91, a current ratio of 4.72 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $7.28 billion, a PE ratio of 169.47 and a beta of 1.39. Freshpet has a fifty-two week low of $68.14 and a fifty-two week high of $159.12. The stock has a fifty day simple moving average of $140.68 and a 200 day simple moving average of $131.68.

Freshpet (NASDAQ:FRPT) last posted its quarterly earnings data on Monday, November 4th. The company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.10. The business had revenue of $253.40 million for the quarter, compared to analyst estimates of $248.36 million. Freshpet had a return on equity of 3.67% and a net margin of 4.75%. The business’s revenue for the quarter was up 26.3% compared to the same quarter last year. During the same quarter last year, the company earned ($0.15) earnings per share. As a group, research analysts predict that Freshpet will post 0.87 EPS for the current fiscal year.

Insider Transactions at Freshpet

In related news, EVP Stephen Macchiaverna sold 2,178 shares of the firm’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $140.01, for a total transaction of $304,941.78. Following the completion of the sale, the executive vice president now directly owns 86,039 shares of the company’s stock, valued at approximately $12,046,320.39. This trade represents a 2.47 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Thembeka Machaba sold 2,500 shares of the firm’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $153.85, for a total transaction of $384,625.00. The disclosure for this sale can be found here. Company insiders own 3.70% of the company’s stock.

Institutional Investors Weigh In On Freshpet

Large investors have recently added to or reduced their stakes in the company. ORG Wealth Partners LLC bought a new position in Freshpet during the 3rd quarter valued at $29,000. ORG Partners LLC bought a new position in Freshpet during the 2nd quarter valued at $32,000. GAMMA Investing LLC boosted its stake in Freshpet by 41.1% during the 2nd quarter. GAMMA Investing LLC now owns 371 shares of the company’s stock valued at $48,000 after acquiring an additional 108 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its stake in Freshpet by 3,670.0% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 377 shares of the company’s stock valued at $49,000 after acquiring an additional 367 shares during the last quarter. Finally, Brooklyn Investment Group bought a new position in Freshpet during the 3rd quarter valued at $54,000.

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.