Freshpet (FRPT) Gets a Buy from D.A. Davidson
In a report released today, Brian Holland from D.A. Davidson reiterated a Buy rating on Freshpet, with a price target of $98.00.
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Holland covers the Consumer Defensive sector, focusing on stocks such as Freshpet, Mondelez International, and The Hershey Company. According to TipRanks, Holland has an average return of -0.1% and a 44.14% success rate on recommended stocks.
In addition to D.A. Davidson, Freshpet also received a Buy from Robert W. Baird’s Peter Benedict in a report issued today. However, on the same day, TipRanks – Anthropic reiterated a Hold rating on Freshpet (NASDAQ: FRPT).
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 43 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.
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