Piper Sandler Sticks to Their Buy Rating for Freshpet (FRPT)
In a report released today, Michael Lavery from Piper Sandler maintained a Buy rating on Freshpet, with a price target of $87.00.
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Lavery covers the Consumer Defensive sector, focusing on stocks such as The Hershey Company, Monster Beverage, and Celsius Holdings. According to TipRanks, Lavery has an average return of 4.7% and a 49.57% success rate on recommended stocks.
In a report released on February 25, D.A. Davidson also maintained a Buy rating on the stock with a $98.00 price target.
Based on Freshpet’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $285.23 million and a net profit of $33.82 million. In comparison, last year the company earned a revenue of $262.71 million and had a net profit of $18.12 million
Based on the recent corporate insider activity of 41 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of FRPT in relation to earlier this year. Last month, Walter George, a Director at FRPT bought 630.00 shares for a total of $49,795.20.
Read More on FRPT:
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- Once Upon a Farm initiated with an In Line at Evercore ISI
- Freshpet price target raised to $98 from $80 at DA Davidson
- Freshpet price target raised to $90 from $82 at Wells Fargo
- Freshpet’s Growing AI Use Brings Significant Operational, Legal and Cyber Risk
- Freshpet price target raised to $90 from $80 at Stephens
