13,976 Shares in Freshpet, Inc. (NASDAQ:FRPT) Bought by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S purchased a new position in Freshpet, Inc. (NASDAQ:FRPT - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 13,976 shares of the company's stock, valued at approximately $2,070,000.

Other institutional investors also recently bought and sold shares of the company. Lecap Asset Management Ltd. acquired a new stake in shares of Freshpet in the fourth quarter worth $817,000. Principal Financial Group Inc. raised its position in 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 acquiring an additional 28,743 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in Freshpet by 1.7% in the fourth 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 during the period. Natixis Advisors LLC boosted its position in Freshpet by 406.4% in the 4th quarter. Natixis Advisors LLC now owns 53,066 shares of the company's stock worth $7,860,000 after purchasing an additional 42,587 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of Freshpet by 198.6% during 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.

Freshpet Trading Down 0.6 %

NASDAQ:FRPT traded down $0.47 on Friday, reaching $74.65. 747,057 shares of the company's stock were exchanged, compared to its average volume of 810,329. The business has a fifty day moving average of $88.54 and a 200-day moving average of $127.11. The company has a quick ratio of 3.91, a current ratio of 4.72 and a debt-to-equity ratio of 0.41. Freshpet, Inc. has a 52-week low of $72.20 and a 52-week high of $164.07. The firm has a market capitalization of $3.64 billion, a price-to-earnings ratio of 79.41 and a beta of 1.80.

Freshpet (NASDAQ:FRPT - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported $0.36 earnings per share (EPS) for the quarter, hitting 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, analysts expect that Freshpet, Inc. will post 1.55 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently commented on FRPT. Robert W. Baird set a $125.00 price target on shares of Freshpet in a research report on Wednesday, April 16th. Citigroup reduced their price target on Freshpet from $155.00 to $142.00 and set a "neutral" rating for the company in a report on Wednesday, February 12th. Jefferies Financial Group upgraded Freshpet from a "hold" rating to a "buy" rating and cut their price objective for the company from $155.00 to $150.00 in a research report on Monday, February 24th. JPMorgan Chase & Co. decreased their target price on Freshpet from $102.00 to $91.00 and set a "neutral" rating on the stock in a research report on Thursday, April 10th. Finally, Stifel Nicolaus reduced their price objective on shares of Freshpet from $135.00 to $115.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $139.47.

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.