Oppenheimer Reaffirms Their Buy Rating on Freshpet (FRPT)

In a report released today, Rupesh Parikh from Oppenheimer maintained a Buy rating on Freshpet (FRPT – Research Report), with a price target of $135.00. The company’s shares closed yesterday at $121.03.

According to TipRanks, Parikh is a 5-star analyst with an average return of 10.7% and a 63.46% success rate. Parikh covers the Consumer Cyclical sector, focusing on stocks such as Ulta Beauty, Costco, and Dollar Tree.

Freshpet has an analyst consensus of Strong Buy, with a price target consensus of $126.62, implying a 4.62% upside from current levels. In a report released today, Stifel Nicolaus also maintained a Buy rating on the stock with a $135.00 price target.

The company has a one-year high of $127.25 and a one-year low of $54.60. Currently, Freshpet has an average volume of 645.8K.

Based on the recent corporate insider activity of 27 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. Last month, Scott James Morris, the President & COO of FRPT sold 3,632.00 shares for a total of $399,011.52.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Freshpet (FRPT) Company Description:

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.