Freshpet (NASDAQ:FRPT) Price Target Cut to $140.00 by Analysts at Oppenheimer

Freshpet (NASDAQ:FRPT) had its price target lowered by Oppenheimer from $180.00 to $140.00 in a research report sent to investors on Monday,Benzinga reports. The brokerage currently has an outperform rating on the stock.

Several other analysts have also recently issued reports on FRPT. DA Davidson increased their target price on Freshpet from $183.00 to $189.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. TD Cowen increased their price objective on shares of Freshpet from $160.00 to $174.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. Stifel Nicolaus lowered their target price on shares of Freshpet from $165.00 to $155.00 and set a “buy” rating on the stock in a report on Friday, February 21st. Wells Fargo & Company cut their target price on shares of Freshpet from $170.00 to $142.00 and set an “overweight” rating for the company in a research note on Friday, February 21st. Finally, StockNews.com downgraded shares of Freshpet from a “hold” rating to a “sell” rating in a report on Wednesday, November 20th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $156.47.

Freshpet Price Performance

Shares of NASDAQ:FRPT opened at $106.88 on Monday. The company has a market capitalization of $5.21 billion, a P/E ratio of 113.70 and a beta of 1.42. Freshpet has a 1-year low of $97.48 and a 1-year high of $164.07. The firm’s 50 day simple moving average is $143.30 and its two-hundred day simple moving average is $142.58. The company has a debt-to-equity ratio of 0.41, a current ratio of 4.72 and a quick ratio of 3.91.

Freshpet (NASDAQ:FRPT) last issued its earnings results on Thursday, February 20th. The company reported $0.36 earnings per share for the quarter, hitting the consensus estimate of $0.36. Freshpet had a net margin of 4.81% and a return on equity of 3.92%. The company had revenue of $262.71 million during the quarter, compared to the consensus estimate of $275.46 million. Research analysts expect that Freshpet will post 1.55 EPS for the current fiscal year.

Insider Buying and Selling

In other Freshpet news, President Scott James Morris sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $157.38, for a total transaction of $786,900.00. Following the sale, the president now directly owns 122,380 shares in the company, valued at $19,260,164.40. This represents a 3.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. 3.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Freshpet

Several large investors have recently modified their holdings of FRPT. Elequin Capital LP bought a new stake in Freshpet in the fourth quarter worth $29,000. Geneos Wealth Management Inc. increased its position in Freshpet by 302.0% during the fourth quarter. Geneos Wealth Management Inc. now owns 201 shares of the company’s stock valued at $30,000 after acquiring an additional 151 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Freshpet in the third quarter valued at $32,000. Jones Financial Companies Lllp lifted its holdings in shares of Freshpet by 130.9% in the 4th quarter. Jones Financial Companies Lllp now owns 217 shares of the company’s stock worth $32,000 after acquiring an additional 123 shares during the last quarter. Finally, R Squared Ltd purchased a new position in shares of Freshpet during the 4th quarter worth about $39,000.

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.