Freshpet (NASDAQ:FRPT) PT Raised to $157.00

Freshpet (NASDAQ:FRPT) had its price objective increased by stock analysts at Robert W. Baird from $140.00 to $157.00 in a research note issued on Tuesday, Benzinga reports. The firm currently has an “outperform” rating on the stock. Robert W. Baird’s price target would indicate a potential upside of 13.04% from the stock’s previous close.

A number of other equities analysts have also recently weighed in on FRPT. Deutsche Bank Aktiengesellschaft assumed coverage on Freshpet in a report on Thursday, May 23rd. They set a “buy” rating and a $150.00 price target for the company. Citigroup boosted 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. Wells Fargo & Company upped their price objective on shares of Freshpet from $140.00 to $145.00 and gave the company an “overweight” rating in a research note on Wednesday, July 10th. Bank of America increased their price objective on Freshpet from $140.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Finally, Redburn Atlantic raised Freshpet from a “neutral” rating to a “buy” rating and set a $168.00 price target on the stock in a report on Thursday, May 23rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, Freshpet currently has an average rating of “Moderate Buy” and an average price target of $142.87.

Freshpet Price Performance

Shares of Freshpet stock opened at $138.89 on Tuesday. Freshpet has a one year low of $54.60 and a one year high of $143.06. The company has a debt-to-equity ratio of 0.42, a quick ratio of 3.69 and a current ratio of 4.50. The stock has a market cap of $6.73 billion, a price-to-earnings ratio of 771.61 and a beta of 1.36. The stock has a 50 day moving average price of $128.25 and a 200-day moving average price of $120.46.

Freshpet (NASDAQ:FRPT) last posted its earnings results on Monday, August 5th. The company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.06. The company had revenue of $235.30 million during the quarter, compared to analyst estimates of $230.99 million. Freshpet had a return on equity of 1.78% and a net margin of 2.86%. Freshpet’s revenue was up 28.4% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.35) earnings per share. Equities analysts expect that Freshpet will post 0.7 EPS for the current year.

Hedge Funds Weigh In On Freshpet

Hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings 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 acquiring an additional 13,709 shares during the period. Gilder Gagnon Howe & Co. LLC lifted its holdings in Freshpet by 2.9% during the 4th quarter. Gilder Gagnon Howe & Co. LLC now owns 1,709,572 shares of the company’s stock valued at $148,322,000 after purchasing an additional 47,862 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of Freshpet by 7.5% in the fourth quarter. Franklin Resources Inc. now owns 1,689,745 shares of the company’s stock valued at $146,602,000 after acquiring an additional 117,864 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Freshpet by 2.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 923,507 shares of the company’s stock valued at $119,492,000 after purchasing an additional 22,759 shares during the last quarter. Finally, Driehaus Capital Management LLC lifted 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 worth $93,327,000 after buying an additional 141,615 shares in the last quarter.

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.