Freshpet, Inc. (NASDAQ:FRPT) Shares Bought by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. lifted its holdings in shares of Freshpet, Inc. (NASDAQ:FRPT) by 147.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 24,439 shares of the company’s stock after buying an additional 14,551 shares during the period. Landscape Capital Management L.L.C.’s holdings in Freshpet were worth $3,620,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Thoroughbred Financial Services LLC acquired a new stake in shares of Freshpet during the fourth quarter worth $277,000. ExodusPoint Capital Management LP purchased a new stake in shares of Freshpet in the fourth quarter valued at about $9,756,000. Bryce Point Capital LLC acquired a new position in shares of Freshpet during the fourth quarter worth about $523,000. Trexquant Investment LP purchased a new position in Freshpet during the fourth quarter worth about $3,985,000. Finally, Geode Capital Management LLC lifted its position in Freshpet by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 844,744 shares of the company’s stock valued at $127,446,000 after purchasing an additional 9,081 shares during the period.

Analysts Set New Price Targets

Several equities analysts have issued reports on FRPT shares. Jefferies Financial Group upgraded Freshpet from a “hold” rating to a “buy” rating and dropped their target price for the stock from $155.00 to $150.00 in a research report on Monday, February 24th. Stifel Nicolaus cut their price objective on Freshpet from $155.00 to $135.00 and set a “buy” rating for the company in a research report on Monday, March 10th. Wells Fargo & Company decreased their target price on shares of Freshpet from $142.00 to $110.00 and set an “overweight” rating on the stock in a research report on Wednesday. Oppenheimer downgraded shares of Freshpet from an “outperform” rating to a “market perform” rating in a report on Tuesday, March 11th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Freshpet from $154.00 to $102.00 and set an “overweight” rating on the stock in a report on Monday, March 10th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $146.53.

Freshpet Stock Down 5.3 %

Shares of NASDAQ:FRPT opened at $81.20 on Friday. The company has a quick ratio of 3.91, a current ratio of 4.72 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $3.96 billion, a P/E ratio of 86.38 and a beta of 1.80. Freshpet, Inc. has a 52-week low of $80.27 and a 52-week high of $164.07. The stock’s fifty day simple moving average is $112.26 and its 200-day simple moving average is $134.24.

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

About Freshpet

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.