Truist Financial Cuts Freshpet (NASDAQ:FRPT) Price Target to $110.00

Freshpet (NASDAQ:FRPT) had its target price cut by Truist Financial from $140.00 to $110.00 in a research report released on Monday,Benzinga reports. They currently have a buy rating on the stock.

Other equities research analysts have also recently issued research reports about the company. Wells Fargo & Company decreased their target price on Freshpet from $170.00 to $142.00 and set an “overweight” rating for the company in a research note on Friday, February 21st. Stifel Nicolaus dropped their price target on Freshpet from $155.00 to $135.00 and set a “buy” rating on the stock in a research report on Monday, March 10th. Piper Sandler cut their price objective on shares of Freshpet from $160.00 to $145.00 and set an “overweight” rating for the company in a research report on Tuesday, March 25th. Oppenheimer cut shares of Freshpet from an “outperform” rating to a “market perform” rating in a research note on Tuesday, March 11th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Freshpet from $154.00 to $102.00 and set an “overweight” rating on the stock in a research note on Monday, March 10th. One analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Freshpet currently has a consensus rating of “Moderate Buy” and an average price target of $146.53.

Freshpet Trading Up 1.5 %

Shares of NASDAQ FRPT opened at $85.73 on Monday. The company has a current ratio of 4.72, a quick ratio of 3.91 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $4.18 billion, a PE ratio of 91.20 and a beta of 1.80. Freshpet has a twelve month low of $80.27 and a twelve month high of $164.07. The stock has a fifty day simple moving average of $113.80 and a 200-day simple moving average of $134.61.

Freshpet (NASDAQ:FRPT) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.36 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.36. The business had revenue of $262.71 million for the quarter, compared to analyst estimates of $275.46 million. Freshpet had a return on equity of 3.92% and a net margin of 4.81%. On average, equities analysts forecast that Freshpet will post 1.55 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. M&T Bank Corp lifted its stake in shares of Freshpet by 3.2% in the 4th quarter. M&T Bank Corp now owns 2,253 shares of the company’s stock valued at $333,000 after purchasing an additional 70 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in Freshpet by 1.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 5,887 shares of the company’s stock worth $805,000 after acquiring an additional 75 shares in the last quarter. Vident Advisory LLC increased its stake in shares of Freshpet by 4.0% during the fourth quarter. Vident Advisory LLC now owns 2,111 shares of the company’s stock valued at $313,000 after purchasing an additional 82 shares in the last quarter. Freedom Investment Management Inc. lifted its holdings in shares of Freshpet by 5.3% during the fourth quarter. Freedom Investment Management Inc. now owns 1,678 shares of the company’s stock valued at $249,000 after purchasing an additional 84 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Freshpet by 19.1% in the 4th quarter. GAMMA Investing LLC now owns 573 shares of the company’s stock worth $85,000 after purchasing an additional 92 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.