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Jefferies Reaffirms Their Buy Rating on Freshpet (FRPT)

Jefferies analyst Stephanie Wissink maintained a Buy rating on Freshpet (FRPTResearch Report) yesterday and set a price target of $120.00. The company’s shares closed last Monday at $93.10, close to its 52-week low of $78.81.

According to TipRanks.com, Wissink is a 3-star analyst with an average return of 0.7% and a 46.1% success rate. Wissink covers the Consumer Goods sector, focusing on stocks such as The Estée Lauder Companies, National Vision Holdings, and Natura & Co Holding.

Currently, the analyst consensus on Freshpet is a Moderate Buy with an average price target of $125.14, implying a 34.2% upside from current levels. In a report issued on April 27, Benchmark Co. also initiated coverage with a Buy rating on the stock with a $135.00 price target.

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Freshpet’s market cap is currently $4.04B and has a P/E ratio of -133.88.

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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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