Freshpet (FRPT) Receives a Buy from J.P. Morgan

J.P. Morgan analyst Kenneth Goldman reiterated a Buy rating on Freshpet (FRPTResearch Report) today and set a price target of $62.00. The company’s shares closed last Monday at $54.65, close to its 52-week high of $56.50.

According to TipRanks.com, Goldman is a 4-star analyst with an average return of 6.5% and a 57.3% success rate. Goldman covers the Consumer Goods sector, focusing on stocks such as Hostess Brands, Tyson Foods, and Kraft Heinz.

Freshpet has an analyst consensus of Strong Buy, with a price target consensus of $59.75, representing a 12.4% upside. In a report released yesterday, D.A. Davidson also maintained a Buy rating on the stock with a $60.00 price target.

See today’s analyst top recommended stocks >>

The company has a one-year high of $56.50 and a one-year low of $28.44. Currently, Freshpet has an average volume of 332K.

Based on the recent corporate insider activity of 32 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.

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, Inc. engaged 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. The company was founded by Scott Morris and Cathal Walsh in October 2006 and is headquartered in Secaucus, NJ.