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

Freshpet, Inc. (NASDAQ:FRPT) has earned an average rating of “Moderate Buy” from the fourteen ratings firms that are presently covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $164.29.

Several research analysts have recently weighed in on the company. JPMorgan Chase & Co. increased their price target on Freshpet from $126.00 to $154.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Stifel Nicolaus lifted their target price on shares of Freshpet from $155.00 to $165.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Benchmark restated a “buy” rating and set a $150.00 price target on shares of Freshpet in a research note on Friday, November 1st. Truist Financial lifted their price objective on shares of Freshpet from $160.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Finally, Citigroup dropped their target price on Freshpet from $155.00 to $142.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 12th.

Insiders Place Their Bets

In other news, President Scott James Morris sold 5,000 shares of the company’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $157.38, for a total value of $786,900.00. Following the completion of the transaction, the president now directly owns 122,380 shares in the company, valued at approximately $19,260,164.40. This represents a 3.93 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 3.70% of the company’s stock.

Institutional Trading of Freshpet

Several hedge funds and other institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC boosted its stake in shares of Freshpet by 29.6% in the 3rd quarter. GAMMA Investing LLC now owns 481 shares of the company’s stock valued at $66,000 after purchasing an additional 110 shares in the last quarter. CWM LLC boosted its position in Freshpet by 828.4% during the third quarter. CWM LLC now owns 4,605 shares of the company’s stock valued at $630,000 after buying an additional 4,109 shares during the period. ORG Wealth Partners LLC purchased a new position in shares of Freshpet in the third quarter worth about $29,000. Trust Point Inc. lifted its stake in shares of Freshpet by 2.8% in the 3rd quarter. Trust Point Inc. now owns 16,427 shares of the company’s stock valued at $2,247,000 after acquiring an additional 443 shares during the last quarter. Finally, Blue Trust Inc. boosted its holdings in Freshpet by 2,770.4% during the 3rd quarter. Blue Trust Inc. now owns 775 shares of the company’s stock valued at $100,000 after acquiring an additional 748 shares during the period.

Freshpet Price Performance

Freshpet stock opened at $130.35 on Thursday. The business’s 50 day simple moving average is $147.27 and its 200 day simple moving average is $143.32. Freshpet has a 12 month low of $87.87 and a 12 month high of $164.07. The company has a market cap of $6.33 billion, a price-to-earnings ratio of 146.47 and a beta of 1.42. The company has a current ratio of 4.72, a quick ratio of 3.91 and a debt-to-equity ratio of 0.41.

About Freshpet

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.