Freshpet (NASDAQ:FRPT) Price Target Cut to $155.00 by Analysts at Stifel Nicolaus

Freshpet (NASDAQ:FRPT) had its price objective dropped by research analysts at Stifel Nicolaus from $165.00 to $155.00 in a report released on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective would suggest a potential upside of 49.55% from the stock’s current price.

Other analysts have also recently issued reports about the company. Citigroup decreased their price objective on Freshpet from $155.00 to $142.00 and set a “neutral” rating on the stock in a report on Wednesday, February 12th. TD Cowen lifted their price objective on shares of Freshpet from $160.00 to $174.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Robert W. Baird boosted their target price on shares of Freshpet from $157.00 to $170.00 and gave the stock an “outperform” rating in a report on Tuesday, November 5th. Piper Sandler lowered their price target on Freshpet from $180.00 to $160.00 and set an “overweight” rating for the company in a research report on Friday. Finally, Truist Financial increased their target price 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. One investment analyst has rated the stock with a sell rating, two have given a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $161.93.

Freshpet Stock Performance

Shares of NASDAQ FRPT opened at $103.65 on Friday. Freshpet has a 12-month low of $89.15 and a 12-month high of $164.07. The firm has a market capitalization of $5.03 billion, a price-to-earnings ratio of 115.95 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. The firm has a 50 day moving average of $146.48 and a 200 day moving average of $143.06.

Freshpet (NASDAQ:FRPT) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.36 EPS for the quarter, hitting the consensus estimate of $0.36. The firm had revenue of $262.71 million during the quarter, compared to analyst estimates of $275.46 million. Freshpet had a return on equity of 3.67% and a net margin of 4.75%. On average, research analysts anticipate that Freshpet will post 0.89 earnings per share for the current year.

Insider Activity

In other news, President Scott James Morris sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $158.13, for a total transaction of $790,650.00. Following the completion of the transaction, the president now directly owns 122,380 shares of the company’s stock, valued at $19,351,949.40. This represents a 3.93 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 3.70% of the company’s stock.

Hedge Funds Weigh In On Freshpet

Hedge funds have recently made changes to their positions in the company. Elequin Capital LP acquired a new stake in shares of Freshpet in the fourth quarter worth approximately $29,000. Geneos Wealth Management Inc. grew its position in shares of Freshpet by 302.0% in the fourth quarter. Geneos Wealth Management Inc. now owns 201 shares of the company’s stock valued at $30,000 after purchasing an additional 151 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Freshpet in the 3rd quarter valued at $32,000. Jones Financial Companies Lllp raised its holdings in shares of Freshpet by 130.9% during the 4th quarter. Jones Financial Companies Lllp now owns 217 shares of the company’s stock worth $32,000 after acquiring an additional 123 shares during the period. Finally, R Squared Ltd acquired a new position in shares of Freshpet during the 4th quarter valued at about $39,000.

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.