14,219 Shares in Freshpet, Inc. (NASDAQ:FRPT) Acquired by Proficio Capital Partners LLC

Proficio Capital Partners LLC bought a new stake in shares of Freshpet, Inc. (NASDAQ:FRPT - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 14,219 shares of the company's stock, valued at approximately $2,106,000.

Other institutional investors have also recently modified their holdings of the company. Lecap Asset Management Ltd. bought a new stake in shares of Freshpet during the 4th quarter valued at $817,000. Principal Financial Group Inc. lifted its position in shares of Freshpet by 36.4% during the 4th 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 during the period. Geode Capital Management LLC lifted its position in shares of Freshpet by 4.7% during the 3rd quarter. Geode Capital Management LLC now owns 835,663 shares of the company's stock valued at $115,650,000 after acquiring an additional 37,287 shares during the period. Transcendent Capital Group LLC bought a new stake in shares of Freshpet during the 3rd quarter valued at $1,465,000. Finally, Geneva Capital Management LLC lifted its position in shares of Freshpet by 166.2% during the 3rd quarter. Geneva Capital Management LLC now owns 84,221 shares of the company's stock valued at $11,519,000 after acquiring an additional 52,584 shares during the period.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on FRPT. StockNews.com downgraded Freshpet from a "hold" rating to a "sell" rating in a research report on Wednesday, November 20th. Oppenheimer dropped their price objective on Freshpet from $180.00 to $140.00 and set an "outperform" rating for the company in a research report on Monday, February 24th. Piper Sandler dropped their price objective on Freshpet from $180.00 to $160.00 and set an "overweight" rating for the company in a research report on Friday, February 21st. Wells Fargo & Company dropped their price objective on Freshpet from $170.00 to $142.00 and set an "overweight" rating for the company in a research report on Friday, February 21st. Finally, Stifel Nicolaus dropped their price objective on Freshpet from $165.00 to $155.00 and set a "buy" rating for the company in a research report on Friday, February 21st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $156.47.

Remove Ads

Freshpet Trading Up 6.3 %

Shares of FRPT stock traded up $5.78 on Friday, hitting $96.86. The company had a trading volume of 1,622,287 shares, compared to its average volume of 1,171,080. The firm has a market cap of $4.72 billion, a P/E ratio of 103.04 and a beta of 1.58. The stock's 50-day moving average is $136.84 and its two-hundred day moving average is $140.98. 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 twelve month low of $89.59 and a twelve month high of $164.07.

Freshpet (NASDAQ:FRPT - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.36 earnings per share for the quarter, meeting the consensus estimate of $0.36. The company had revenue of $262.71 million during the quarter, compared to analysts' expectations of $275.46 million. Freshpet had a return on equity of 3.92% and a net margin of 4.81%. On average, equities research analysts anticipate 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.