Freshpet (NASDAQ:FRPT – Get Free Report) had its target price increased by analysts at JPMorgan Chase & Co. from $76.00 to $78.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 21.14% from the company’s previous close.
Other research analysts have also issued reports about the stock. Wells Fargo & Company lifted their price objective on shares of Freshpet from $77.00 to $84.00 and gave the company an “overweight” rating in a research note on Thursday. Weiss Ratings upgraded shares of Freshpet from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, September 28th. Wall Street Zen upgraded shares of Freshpet from a “sell” rating to a “hold” rating in a research note on Sunday, August 2nd. Needham & Company LLC initiated coverage on Freshpet in a report on Thursday, October 1st. They set a “hold” rating on the stock. Finally, TD Cowen dropped their price target on Freshpet from $85.00 to $80.00 and set a “buy” rating on the stock in a research report on Tuesday, October 13th. Nine investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $80.31.
Check Out Our Latest Analysis on Freshpet
Freshpet Stock Performance
Shares of FRPT stock traded down $0.43 during trading hours on Thursday, hitting $64.39. The stock had a trading volume of 1,044,676 shares, compared to its average volume of 1,011,924. The firm has a market capitalization of $3.16 billion, a PE ratio of 25.55 and a beta of 1.75. Freshpet has a twelve month low of $46.45 and a twelve month high of $86.00. The stock’s 50 day moving average is $64.54 and its 200 day moving average is $63.92. The company has a debt-to-equity ratio of 0.34, a current ratio of 6.05 and a quick ratio of 5.03.
Freshpet (NASDAQ:FRPT – Get Free Report) last announced its earnings results on Wednesday, November 4th. The company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.19. Freshpet had a net margin of 17.28% and a return on equity of 5.97%. The business had revenue of $317.84 million for the quarter, compared to analysts’ expectations of $312.02 million. During the same period in the previous year, the company posted $1.86 EPS. The company’s quarterly revenue was up 10.1% on a year-over-year basis. As a group, research analysts forecast that Freshpet will post 1.25 earnings per share for the current fiscal year.
Insider Activity
In other Freshpet news, Director Walter N. George acquired 1,000 shares of the stock in a transaction on Monday, September 14th. The shares were bought at an average price of $64.92 per share, with a total value of $64,920.00. Following the acquisition, the director owned 51,746 shares of the company’s stock, valued at $3,359,350.32. This trade represents a 1.97% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO William B. Cyr sold 2,657 shares of the business’s stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $75.40, for a total value of $200,337.80. Following the transaction, the chief executive officer owned 49,044 shares in the company, valued at $3,697,917.60. The trade was a 5.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 171,636 shares of company stock worth $12,754,864. Insiders own 4.30% of the company’s stock.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the business. Wellington Management Group LLP lifted its holdings in Freshpet by 11.8% in the second quarter. Wellington Management Group LLP now owns 2,829,688 shares of the company’s stock valued at $167,291,000 after acquiring an additional 298,460 shares during the period. William Blair Investment Management LLC purchased a new position in shares of Freshpet in the 2nd quarter valued at about $107,066,000. Dimensional Fund Advisors LP increased its holdings in shares of Freshpet by 9.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 917,785 shares of the company’s stock valued at $54,103,000 after purchasing an additional 78,196 shares in the last quarter. Jennison Associates LLC lifted its stake in shares of Freshpet by 200.6% in the first quarter. Jennison Associates LLC now owns 651,202 shares of the company’s stock valued at $38,395,000 after purchasing an additional 434,582 shares during the period. Finally, Alyeska Investment Group L.P. lifted its stake in shares of Freshpet by 146.5% in the second quarter. Alyeska Investment Group L.P. now owns 552,400 shares of the company’s stock valued at $32,658,000 after purchasing an additional 328,259 shares during the period.
Key Headlines Impacting Freshpet
Here are the key news stories impacting Freshpet this week:
- Positive Sentiment: Wells Fargo raised its price target to $84 from $77 and maintained an overweight rating, signaling a more bullish view. Wells Fargo price target article
- Positive Sentiment: JPMorgan lifted its target to $78 from $76 and kept its overweight rating, adding another positive analyst view. JPMorgan price target article
- Positive Sentiment: Freshpet’s Q3 2026 revenue was $317.8 million, up 10.1% year over year and ahead of consensus; EPS of $0.58 also exceeded estimates. Coverage highlighted adjusted gross margin reaching 50% and strong spending by its most valuable customer households. Q3 investor takeaways
- Neutral Sentiment: Deutsche Bank raised its target to $69 from $67 but maintained a Hold rating, reflecting a more cautious view than Wells Fargo and JPMorgan. Deutsche Bank target update
- Neutral Sentiment: Freshpet said executives will participate in upcoming investor conferences, which may give investors more opportunities to hear from management but is not itself a business update. Investor conference announcement
- Negative Sentiment: Recent Q3 coverage also flags rising competition, which could challenge Freshpet’s growth and ability to sustain margin expansion. Q3 analysis on margins, e-commerce and competition
Freshpet Company Profile
Freshpet, Inc (NASDAQ: FRPT) is a pet food company that develops, manufactures and markets refrigerated, fresh food and treats for dogs and cats. Its products are made with animal proteins, vegetables and other ingredients and are designed to be stored in the refrigerator rather than on a conventional shelf.
The company sells its products under the Freshpet brand and related product lines, including Freshpet Select and Vital. Its offerings include refrigerated meals, rolls, recipes and treats formulated for different pet sizes, ages and dietary needs.
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