Freshpet (NASDAQ:FRPT) Price Target Raised to $175.00 at Wells Fargo & Company

Freshpet (NASDAQ:FRPT) had its target price upped by research analysts at Wells Fargo & Company from $157.00 to $175.00 in a report issued on Tuesday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price would suggest a potential upside of 14.70% from the company’s previous close.

FRPT has been the subject of a number of other reports. Bank of America lifted their price objective on shares of Freshpet from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. Deutsche Bank Aktiengesellschaft boosted their price objective on Freshpet from $161.00 to $163.00 and gave the company a “buy” rating in a research note on Tuesday. Citigroup raised their target price on Freshpet from $124.00 to $129.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 17th. Stifel Nicolaus upped their price target on Freshpet from $135.00 to $155.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Freshpet from $113.00 to $126.00 and gave the company a “neutral” rating in a research report on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $150.27.

Freshpet Stock Performance

Shares of NASDAQ:FRPT traded up $2.00 during mid-day trading on Tuesday, reaching $152.57. The company had a trading volume of 96,258 shares, compared to its average volume of 579,191. The firm has a market cap of $7.40 billion, a price-to-earnings ratio of 172.13 and a beta of 1.39. The company’s 50-day moving average price is $137.88 and its 200-day moving average price is $129.30. The company has a current ratio of 4.50, a quick ratio of 3.69 and a debt-to-equity ratio of 0.42. Freshpet has a one year low of $65.81 and a one year high of $154.80.

Freshpet (NASDAQ:FRPT) last released its quarterly earnings data on Monday, November 4th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.14 by $0.10. The business had revenue of $253.40 million for the quarter, compared to the consensus estimate of $248.36 million. Freshpet had a net margin of 2.86% and a return on equity of 1.78%. The company’s revenue was up 26.3% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.15) earnings per share. As a group, equities research analysts anticipate that Freshpet will post 0.73 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 dated Thursday, September 5th. The stock was sold at an average price of $140.01, for a total transaction of $304,941.78. Following the transaction, 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 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 3.70% of the company’s stock.

Institutional Trading of Freshpet

Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in Freshpet by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 4,666,407 shares of the company’s stock worth $540,650,000 after purchasing an additional 13,709 shares during the period. WCM Investment Management LLC increased its stake in shares of Freshpet by 749.7% in the third quarter. WCM Investment Management LLC now owns 2,771,377 shares of the company’s stock worth $376,187,000 after buying an additional 2,445,199 shares during the period. Dimensional Fund Advisors LP raised its holdings in Freshpet by 2.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 923,507 shares of the company’s stock valued at $119,492,000 after buying an additional 22,759 shares during the last quarter. Driehaus Capital Management LLC boosted its position in Freshpet by 24.4% during the 2nd quarter. Driehaus Capital Management LLC now owns 721,288 shares of the company’s stock valued at $93,327,000 after buying an additional 141,615 shares during the period. Finally, Sei Investments Co. grew its holdings in Freshpet by 4.4% in the 1st quarter. Sei Investments Co. now owns 249,021 shares of the company’s stock worth $28,852,000 after acquiring an additional 10,456 shares during the last quarter.

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.