Oppenheimer analyst Rupesh Parikh maintained a Hold rating on Freshpet (FRPT) yesterday. The company’s shares closed last Monday at $118.51, close to its 52-week high of $126.60.
According to TipRanks.com, Parikh is a 5-star analyst with an average return of 13.6% and a 60.9% success rate. Parikh covers the Consumer Goods sector, focusing on stocks such as Bj’s Wholesale Club Holdings, The Estée Lauder Companies, and United Natural Foods.
Freshpet has an analyst consensus of Moderate Buy, with a price target consensus of $111.75, a -3.4% downside from current levels. In a report issued on October 28, Truist Financial also maintained a Hold rating on the stock with a $120.00 price target.
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Based on Freshpet’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $79.98 million and net profit of $153.1K. In comparison, last year the company earned revenue of $60.05 million and had a GAAP net loss of $5.66 million.
Based on the recent corporate insider activity of 34 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.
