Stocks of Freshpet Inc. (NASDAQ:FRPT) traded higher last session on Wall Street, up 3.33% to $59.84.
According to the data, Freshpet Inc. (NASDAQ:FRPT) has 18 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $100.00 and a low of $40.00, we find $72.00. Given the previous closing price of $57.91, this indicates a potential upside of 24.33 percent. FRPT stock price is now 0.22% away from the 50-day moving average and -3.29% away from the 200-day moving average. The market capitalization of the company currently stands at $2.91B.
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A total of 4 analysts have issued a hold rating and 13 have given it a buy rating. Brokers who have rated the stock have averaged $71.53 as their price target over the next twelve months.
With the price target enhanced from $32 to $66, Citigroup Upgraded its rating from Sell to Neutral for Freshpet Inc. (NASDAQ: FRPT). On September 30, 2022, UBS recently initiated its ‘Buy’ rating on the stock quoting a target price of $67, while ‘Truist’ rates the stock as ‘Hold’.
In other news, Weise Stephen, EVP Manufacturing &SupplyChain sold 8,000 shares of the company’s stock on May 27. The stock was sold for $544,000 at an average price of $68.00. Upon completion of the transaction, the EVP Manufacturing &SupplyChain now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 03, EVP Manufacturing &SupplyChain Weise Stephen sold 4,351 shares of the business’s stock. A total of $459,978 was realized by selling the stock at an average price of $105.73. Insiders disposed of 13,177 shares of company stock worth roughly $0.79 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in FRPT stock. A new stake in Freshpet Inc. shares was purchased by JANA PARTNERS LLC during the first quarter worth $255,271,000. ADAGE CAPITAL PARTNERS GP, L.L.C. invested $26,931,000 in shares of FRPT during the first quarter. In the first quarter, CAPITAL WORLD INVESTORS acquired a new stake in Freshpet Inc. valued at approximately $25,731,000. MARSHALL WACE, LLP acquired a new stake in FRPT for approximately $24,511,000. ENGAGED CAPITAL LLC purchased a new stake in FRPT valued at around $17,672,000 in the second quarter.
Wednesday’s opening bell rang with an opening price of $59.04 for Freshpet Inc. (NASDAQ: FRPT). During the past 12 months, Freshpet Inc. has had a low of $36.02 and a high of $118.77. As of last week, the company has a debt-to-equity ratio of 0.07, a current ratio of 2.90, and a quick ratio of 2.40. The fifty day moving average price for FRPT is $59.71 and a two-hundred day moving average price translates $61.88 for the stock.
The latest earnings results from Freshpet Inc. (NASDAQ: FRPT) was released for Jun, 2022. According to the Packaged Foods Company, earnings per share came in at -$0.45, missing analysts’ expectations of -$0.15 by -0.3. This compares to -$0.05 EPS in the same period last year. The net profit margin was -12.10% and return on equity was -7.50% for FRPT. The company reported revenue of $151.33 million for the quarter, compared to $107.59 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 40.66 percent. For the current quarter, analysts expect FRPT to generate $148.33M in revenue.
Freshpet Inc.(FRPT) Company Profile
Freshpet, Inc. manufactures and markets natural fresh meals and treats for dogs and cats in the United States, Canada, and Europe. The company sells its products under the Freshpet brand; and Dognation and Dog Joy labels through various classes of retail, including grocery, mass, club, pet specialty, and natural, as well as online. Freshpet, Inc. was incorporated in 2004 and is headquartered in Secaucus, New Jersey.
