Freshpet, Inc. (NASDAQ:FRPT) is Emerald Advisers LLC’s 3rd Largest Position

Emerald Advisers LLC trimmed its position in Freshpet, Inc. (NASDAQ:FRPT) by 3.1% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 498,032 shares of the company’s stock after selling 15,972 shares during the quarter. Freshpet makes up 2.9% of Emerald Advisers LLC’s portfolio, making the stock its 3rd biggest position. Emerald Advisers LLC’s holdings in Freshpet were worth $73,764,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Freshpet by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 4,652,556 shares of the company’s stock worth $689,090,000 after buying an additional 46,844 shares during the period. WCM Investment Management LLC raised its position in shares of Freshpet by 4.0% in the 4th quarter. WCM Investment Management LLC now owns 2,881,855 shares of the company’s stock worth $430,809,000 after acquiring an additional 110,478 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Freshpet by 4.7% in the 3rd quarter. Geode Capital Management LLC now owns 835,663 shares of the company’s stock worth $115,650,000 after acquiring an additional 37,287 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Freshpet by 54.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 439,681 shares of the company’s stock worth $60,135,000 after acquiring an additional 154,909 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in shares of 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 acquiring an additional 253,679 shares in the last quarter.

Freshpet Stock Up 0.3 %

Freshpet stock opened at $86.64 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.91 and a current ratio of 4.72. The business’s 50-day simple moving average is $124.80 and its two-hundred day simple moving average is $137.53. The company has a market cap of $4.22 billion, a PE ratio of 92.17 and a beta of 1.58. Freshpet, Inc. has a fifty-two week low of $80.27 and a fifty-two week high of $164.07.

Freshpet (NASDAQ:FRPT) last issued its earnings results on Thursday, February 20th. The company reported $0.36 EPS for the quarter, hitting analysts’ consensus estimates of $0.36. Freshpet had a return on equity of 3.92% and a net margin of 4.81%. The firm had revenue of $262.71 million for the quarter, compared to the consensus estimate of $275.46 million. Equities analysts anticipate that Freshpet, Inc. will post 1.55 EPS for the current year.

Analyst Ratings Changes

FRPT has been the subject of several recent research reports. Wells Fargo & Company reduced their price target on Freshpet from $170.00 to $142.00 and set an “overweight” rating for the company in a research report on Friday, February 21st. Citigroup reduced their target price on Freshpet from $155.00 to $142.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 12th. Jefferies Financial Group raised Freshpet from a “hold” rating to a “buy” rating and reduced their target price for the company from $155.00 to $150.00 in a research report on Monday, February 24th. Stifel Nicolaus reduced their target price on Freshpet from $155.00 to $135.00 and set a “buy” rating on the stock in a research report on Monday, March 10th. Finally, Piper Sandler reduced their target price on Freshpet from $180.00 to $160.00 and set an “overweight” rating on the stock in a research report on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $151.67.

Freshpet Company 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.