Banque Cantonale Vaudoise Lowers Stake in Freshpet, Inc. (NASDAQ:FRPT)

Banque Cantonale Vaudoise reduced its position in shares of Freshpet, Inc. (NASDAQ:FRPT – Get Rating) by 4.3% during the 4th quarter, HoldingsChannel reports. The fund owned 9,301 shares of the company’s stock after selling 420 shares during the period. Banque Cantonale Vaudoise’s holdings in Freshpet were worth $491,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of FRPT. Parkside Financial Bank & Trust lifted its stake in Freshpet by 873.8% in the 1st quarter. Parkside Financial Bank & Trust now owns 818 shares of the company’s stock valued at $84,000 after buying an additional 734 shares in the last quarter. Point72 Hong Kong Ltd purchased a new position in Freshpet in the 1st quarter valued at about $143,000. Harvest Fund Management Co. Ltd lifted its stake in Freshpet by 25.4% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 1,421 shares of the company’s stock valued at $54,000 after buying an additional 288 shares in the last quarter. Rockefeller Capital Management L.P. lifted its stake in Freshpet by 206.8% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 1,905 shares of the company’s stock valued at $95,000 after buying an additional 1,284 shares in the last quarter. Finally, Prudential Financial Inc. lifted its stake in Freshpet by 51.1% in the 1st quarter. Prudential Financial Inc. now owns 2,111 shares of the company’s stock valued at $217,000 after buying an additional 714 shares in the last quarter.

Freshpet Stock Performance

Shares of NASDAQ FRPT opened at $64.11 on Friday. The company has a 50 day simple moving average of $65.67 and a 200-day simple moving average of $62.43. The company has a debt-to-equity ratio of 0.41, a quick ratio of 8.02 and a current ratio of 9.21. Freshpet, Inc. has a 1 year low of $36.02 and a 1 year high of $73.48.

Freshpet (NASDAQ:FRPT – Get Rating) last posted its quarterly earnings data on Monday, May 8th. The company reported ($0.52) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.40) by ($0.12). The company had revenue of $167.50 million for the quarter, compared to analysts’ expectations of $166.97 million. Freshpet had a negative return on equity of 6.60% and a negative net margin of 10.58%. The business’s revenue for the quarter was up 26.7% on a year-over-year basis. During the same period in the previous year, the business posted ($0.40) EPS. On average, analysts anticipate that Freshpet, Inc. will post -0.97 EPS for the current year.

Insider Buying and Selling

In related news, Director Cathal Walsh sold 6,277 shares of the stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $70.10, for a total transaction of $440,017.70. Following the completion of the transaction, the director now owns 5,234 shares of the company’s stock, valued at approximately $366,903.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 5.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on FRPT shares. VNET Group reaffirmed a “maintains” rating on shares of Freshpet in a research note on Friday, May 5th. Robert W. Baird increased their price objective on shares of Freshpet from $75.00 to $80.00 in a report on Tuesday, May 9th. Truist Financial increased their price objective on shares of Freshpet from $40.00 to $55.00 and gave the company a “hold” rating in a report on Tuesday, February 28th. Benchmark reiterated a “buy” rating and issued a $100.00 price objective on shares of Freshpet in a report on Tuesday, February 28th. Finally, Credit Suisse Group increased their price objective on shares of Freshpet from $60.00 to $65.00 and gave the company a “neutral” rating in a report on Tuesday, February 28th. Three research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Freshpet presently has a consensus rating of “Moderate Buy” and a consensus price target of $76.31.

About Freshpet

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Freshpet, Inc engages in manufacturing, marketing, and distribution of pet food and pet treats for dogs and cats. Its products are blends of fresh meats, vegetables and fruits farmed locally and made at Freshpet kitchens. Its products include Deli Fresh Grain Free Chicken Recipe for Dogs, Joy Turkey and Apple Bites Treats, Nature’s Fresh Grain Free Chicken Recipe for Cats, and Vital Grain Free Chicken and Ocean Whitefish Recipe for Cats.