Freshpet (NASDAQ:FRPT) Price Target Increased to $160.00 by Analysts at TD Cowen

Freshpet (NASDAQ:FRPT) had its target price raised by TD Cowen from $143.00 to $160.00 in a report published on Wednesday morning, Benzinga reports. TD Cowen currently has a buy rating on the stock.

Several other research analysts have also weighed in on FRPT. Robert W. Baird upped their target price on shares of Freshpet from $140.00 to $157.00 and gave the stock an outperform rating in a research report on Tuesday. Bank of America upped their price target on Freshpet from $140.00 to $150.00 and gave the stock a buy rating in a report on Wednesday, July 10th. JPMorgan Chase & Co. lifted their price objective on Freshpet from $113.00 to $126.00 and gave the stock a neutral rating in a report on Tuesday, August 6th. Piper Sandler reissued an overweight rating and issued a $150.00 target price on shares of Freshpet in a report on Tuesday, July 2nd. Finally, Oppenheimer raised their price target on Freshpet from $135.00 to $155.00 and gave the company an outperform rating in a research report on Tuesday, June 25th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of Moderate Buy and a consensus target price of $142.87.

Freshpet Price Performance

Shares of NASDAQ:FRPT opened at $138.89 on Wednesday. Freshpet has a 52 week low of $54.60 and a 52 week high of $143.06. The company has a 50-day moving average price of $128.25 and a 200 day moving average price of $120.46. The company has a market cap of $6.73 billion, a P/E ratio of 771.61 and a beta of 1.36. The company has a quick ratio of 3.69, a current ratio of 4.50 and a debt-to-equity ratio of 0.42.

Freshpet (NASDAQ:FRPT) last posted its quarterly earnings results on Monday, August 5th. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.09) by $0.06. Freshpet had a return on equity of 1.78% and a net margin of 2.86%. The business had revenue of $235.30 million during the quarter, compared to analysts’ expectations of $230.99 million. During the same period last year, the firm earned ($0.35) EPS. The company’s quarterly revenue was up 28.4% compared to the same quarter last year. Research analysts predict that Freshpet will post 0.7 earnings per share for the current year.

Institutional Trading of Freshpet

Hedge funds and other institutional investors have recently bought and sold shares of the company. ORG Partners LLC acquired a new stake in shares of Freshpet during the second quarter worth $32,000. GAMMA Investing LLC boosted its stake in Freshpet by 100.8% in the 1st quarter. GAMMA Investing LLC now owns 263 shares of the company’s stock worth $30,000 after buying an additional 132 shares during the last quarter. Blue Bell Private Wealth Management LLC purchased a new stake in Freshpet in the 1st quarter valued at about $36,000. Johnson Financial Group Inc. acquired a new position in shares of Freshpet during the 4th quarter valued at about $29,000. Finally, Whittier Trust Co. purchased a new position in shares of Freshpet during the 1st quarter worth about $41,000.

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.