SunTrust Robinson analyst William Chappell reiterated a Buy rating on Freshpet (NASDAQ: FRPT) yesterday and set a price target of $35. The company’s shares closed yesterday at $29.10, close to its 52-week high of $30.85.
According to TipRanks.com, Chappell is a 4-star analyst with an average return of 9.5% and a 65.0% success rate. Chappell covers the Consumer Goods sector, focusing on stocks such as Scotts Miracle-Gro Company, Monster Beverage Corp, and Post Holdings Inc.
Freshpet has an analyst consensus of Moderate Buy, with a price target consensus of $29, implying a -0.3% downside from current levels. In a report issued on July 29, Robert W. Baird also reiterated a Buy rating on the stock with a $35 price target.
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The company has a one-year high of $30.85 and a one-year low of $14.10. Currently, Freshpet has an average volume of 283.6K.
Based on the recent corporate insider activity of 29 insiders, corporate insider sentiment is negative on the stock.
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Freshpet, Inc. engaged in the manufacturing, marketing, and distribution of pet food and pet treats for dogs and cats. Its products are sold throughout the United States and in Canada under the Freshpet Select, Vital, and Nature’s Fresh brands. The company was founded by Scott Morris and Cathal Walsh in October 2006 and is headquartered in Secaucus, NJ.
