Freshpet (NASDAQ:FRPT) Price Target Raised to $163.00 at Deutsche Bank Aktiengesellschaft

Freshpet (NASDAQ:FRPT) had its target price hoisted by Deutsche Bank Aktiengesellschaft from $161.00 to $163.00 in a research note released on Tuesday, Benzinga reports. The firm currently has a buy rating on the stock.

A number of other equities analysts also recently commented on the company. Wells Fargo & Company lifted their price target on Freshpet from $140.00 to $145.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 10th. Stifel Nicolaus lifted their target price on Freshpet from $135.00 to $155.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Truist Financial raised their price objective on Freshpet from $135.00 to $160.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. TD Cowen boosted their target price on shares of Freshpet from $143.00 to $160.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th. Finally, Citigroup lifted their price target on shares of Freshpet from $124.00 to $129.00 and gave the company a “neutral” rating in a report on Wednesday, July 17th. 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. According to data from MarketBeat, Freshpet presently has a consensus rating of “Moderate Buy” and an average price target of $155.47.

Freshpet Stock Up 0.7 %

Shares of Freshpet stock opened at $151.59 on Tuesday. Freshpet has a 1-year low of $65.81 and a 1-year high of $154.80. The company has a market capitalization of $7.35 billion, a PE ratio of 170.33 and a beta of 1.39. The company has a debt-to-equity ratio of 0.42, a current ratio of 4.50 and a quick ratio of 3.69. The business has a 50-day moving average of $138.19 and a 200-day moving average of $129.63.

Freshpet (NASDAQ:FRPT) last issued its quarterly earnings data on Monday, November 4th. The company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.10. Freshpet had a return on equity of 1.78% and a net margin of 2.86%. The firm had revenue of $253.40 million during the quarter, compared to analyst estimates of $248.36 million. During the same quarter last year, the firm earned ($0.15) EPS. Freshpet’s quarterly revenue was up 26.3% on a year-over-year basis. As a group, equities analysts forecast that Freshpet will post 0.73 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Stephen Macchiaverna sold 2,178 shares of the stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $140.01, for a total value of $304,941.78. Following the completion of the transaction, the executive vice president now directly owns 86,039 shares in the company, valued at $12,046,320.39. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 3.70% of the stock is owned by insiders.

Institutional Trading of Freshpet

Institutional investors have recently modified their holdings of the company. ORG Wealth Partners LLC bought a new stake in Freshpet in the third quarter worth about $29,000. ORG Partners LLC bought a new stake in shares of Freshpet in the 2nd quarter worth approximately $32,000. Whittier Trust Co. acquired a new position in Freshpet in the first quarter worth approximately $41,000. GAMMA Investing LLC increased its holdings in shares of Freshpet by 41.1% in the second quarter. GAMMA Investing LLC now owns 371 shares of the company’s stock valued at $48,000 after buying an additional 108 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. increased its holdings in shares of Freshpet by 3,670.0% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 377 shares of the company’s stock valued at $49,000 after buying an additional 367 shares in 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.