1,872 Shares in Freshpet, Inc. (NASDAQ:FRPT) Acquired by Thoroughbred Financial Services LLC

Thoroughbred Financial Services LLC bought a new position in shares of Freshpet, Inc. (NASDAQ:FRPT) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,872 shares of the company’s stock, valued at approximately $277,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Lecap Asset Management Ltd. acquired a new stake in shares of Freshpet during the 4th quarter valued at $817,000. Principal Financial Group Inc. lifted its holdings in shares of Freshpet by 36.4% during the fourth quarter. Principal Financial Group Inc. now owns 107,657 shares of the company’s stock valued at $15,945,000 after purchasing an additional 28,743 shares during the last quarter. Geode Capital Management LLC lifted its stake in Freshpet by 4.7% during the third quarter. Geode Capital Management LLC now owns 835,663 shares of the company’s stock valued at $115,650,000 after buying an additional 37,287 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Freshpet by 1.7% in the 4th quarter. Victory Capital Management Inc. now owns 135,629 shares of the company’s stock valued at $20,088,000 after acquiring an additional 2,291 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in Freshpet by 198.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 381,385 shares of the company’s stock worth $55,065,000 after purchasing an additional 253,679 shares during the period.

Analyst Upgrades and Downgrades

FRPT has been the subject of a number of research analyst reports. JPMorgan Chase & Co. reduced their target price on Freshpet from $154.00 to $102.00 and set an “overweight” rating for the company in a report on Monday, March 10th. Truist Financial reduced their price target on shares of Freshpet from $140.00 to $110.00 and set a “buy” rating for the company in a research report on Monday, March 31st. Citigroup decreased their target price on shares of Freshpet from $155.00 to $142.00 and set a “neutral” rating for the company in a research note on Wednesday, February 12th. Oppenheimer downgraded shares of Freshpet from an “outperform” rating to a “market perform” rating in a research note on Tuesday, March 11th. Finally, Piper Sandler reduced their price objective on Freshpet from $160.00 to $145.00 and set an “overweight” rating for the company in a research report on Tuesday, March 25th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, Freshpet currently has an average rating of “Moderate Buy” and an average price target of $146.53.

Freshpet Stock Performance

Shares of NASDAQ FRPT opened at $79.49 on Monday. The business’s 50-day simple moving average is $110.68 and its 200-day simple moving average is $133.73. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.91 and a current ratio of 4.72. Freshpet, Inc. has a 52 week low of $76.20 and a 52 week high of $164.07. The firm has a market cap of $3.87 billion, a price-to-earnings ratio of 84.56 and a beta of 1.80.

Freshpet (NASDAQ:FRPT) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.36 EPS for the quarter, meeting the consensus estimate of $0.36. Freshpet had a return on equity of 3.92% and a net margin of 4.81%. The company had revenue of $262.71 million for the quarter, compared to the consensus estimate of $275.46 million. As a group, equities research analysts expect that Freshpet, Inc. will post 1.55 earnings per share for the current fiscal year.

Freshpet Profile

Freshpet, Inc, together with its subsidiaries, manufactures, distributes, and markets natural fresh meals and treats for dogs and cats in the United States, Canada, and Europe. It sells dog food, cat food, and dog treats under the Freshpet brand name; and Dognation and Dog Joy labels through various classes of retail, including grocery, mass, club, pet specialty, and natural, as well as online.