Oppenheimer Gives a Buy Rating to Freshpet (FRPT)

Oppenheimer analyst Rupesh Parikh assigned a Buy rating to Freshpet (FRPT) yesterday and set a price target of $175.00. The company’s shares closed last Monday at $149.33.

According to TipRanks.com, Parikh is a 5-star analyst with an average return of 15.6% and a 66.3% success rate. Parikh covers the Consumer Goods sector, focusing on stocks such as The Estée Lauder Companies, United Natural Foods, and Albertsons Companies.

Currently, the analyst consensus on Freshpet is a Strong Buy with an average price target of $162.86, a 2.0% upside from current levels. In a report issued on February 9, Stephens also reiterated a Buy rating on the stock with a $180.00 price target.

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The company has a one-year high of $173.52 and a one-year low of $40.79. Currently, Freshpet has an average volume of 248.3K.

Based on the recent corporate insider activity of 33 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of FRPT in relation to earlier this year.

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Freshpet, Inc. engages 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. Its products include deli fresh grain free chicken recipe for dogs; dog joy turkey and apple bites treats for dogs; nature’s fresh grain free chicken recipe for cats; and vital grain free chicken and ocean whitefish recipe for cats. The company was founded by Scott Morris and Cathal Walsh in November 2004 and is headquartered in Secaucus, NJ.

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