3,294 Shares in Freshpet, Inc. (NASDAQ:FRPT) Purchased by Alpha DNA Investment Management LLC

Alpha DNA Investment Management LLC purchased a new stake in 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 purchased 3,294 shares of the company's stock, valued at approximately $488,000.

Several other hedge funds also recently modified their holdings of the company. M&T Bank Corp boosted its position in Freshpet by 3.2% during the 4th quarter. M&T Bank Corp now owns 2,253 shares of the company's stock worth $333,000 after buying an additional 70 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Freshpet by 1.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 5,887 shares of the company's stock worth $805,000 after purchasing an additional 75 shares during the period. GAMMA Investing LLC grew its stake in shares of Freshpet by 19.1% in the fourth quarter. GAMMA Investing LLC now owns 573 shares of the company's stock worth $85,000 after purchasing an additional 92 shares during the last quarter. Arizona State Retirement System increased its holdings in Freshpet by 0.8% in the fourth quarter. Arizona State Retirement System now owns 13,350 shares of the company's stock valued at $1,977,000 after purchasing an additional 101 shares during the period. Finally, Williamson Legacy Group LLC lifted its holdings in Freshpet by 1.6% during the 4th quarter. Williamson Legacy Group LLC now owns 6,903 shares of the company's stock worth $1,022,000 after buying an additional 112 shares during the period.

Wall Street Analysts Forecast Growth

FRPT has been the topic of a number of recent analyst reports. Truist Financial cut their price objective on Freshpet from $140.00 to $110.00 and set a "buy" rating on the stock in a research note on Monday, March 31st. Wells Fargo & Company dropped their price target on shares of Freshpet from $142.00 to $110.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 2nd. JPMorgan Chase & Co. decreased their price objective on shares of Freshpet from $102.00 to $91.00 and set a "neutral" rating for the company in a research report on Thursday, April 10th. Stifel Nicolaus lowered their target price on shares of Freshpet from $135.00 to $115.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Finally, Robert W. Baird set a $125.00 price target on shares of Freshpet in a research report on Wednesday, April 16th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $140.80.

Freshpet Stock Up 2.0 %

NASDAQ FRPT traded up $1.46 during mid-day trading on Wednesday, hitting $73.80. The company's stock had a trading volume of 648,303 shares, compared to its average volume of 803,860. The firm has a market capitalization of $3.60 billion, a price-to-earnings ratio of 78.51 and a beta of 1.80. The company's 50 day simple moving average is $90.74 and its 200 day simple moving average is $127.91. The company has a current ratio of 4.72, a quick ratio of 3.91 and a debt-to-equity ratio of 0.41. Freshpet, Inc. has a twelve month low of $72.20 and a twelve month high of $164.07.

Freshpet (NASDAQ:FRPT - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.36 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.36. Freshpet had a net margin of 4.81% and a return on equity of 3.92%. The firm had revenue of $262.71 million during the quarter, compared to analysts' expectations of $275.46 million. Analysts anticipate that Freshpet, Inc. will post 1.55 earnings per share for the current 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.