Freshpet, Inc. (NASDAQ:FRPT) Position Trimmed by Blair William & Co. IL

Blair William & Co. IL lessened its holdings in Freshpet, Inc. (NASDAQ:FRPT - Free Report) by 76.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,177 shares of the company's stock after selling 7,005 shares during the quarter. Blair William & Co. IL's holdings in Freshpet were worth $322,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in FRPT. Lecap Asset Management Ltd. acquired a new position in shares of Freshpet during the fourth quarter valued at $817,000. Principal Financial Group Inc. boosted its holdings in shares of 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 during the period. Geode Capital Management LLC boosted its holdings in shares of Freshpet by 4.7% during the third 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. Victory Capital Management Inc. boosted its holdings in shares of Freshpet by 1.7% during 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. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of Freshpet by 198.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 381,385 shares of the company's stock valued at $55,065,000 after acquiring an additional 253,679 shares during the period.

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Freshpet Trading Down 4.1 %

NASDAQ FRPT traded down $3.43 on Thursday, hitting $79.45. 290,217 shares of the company were exchanged, compared to its average volume of 1,410,008. The company's 50 day moving average price is $102.50 and its 200-day moving average price is $131.67. The company has a debt-to-equity ratio of 0.41, a current ratio of 4.72 and a quick ratio of 3.91. The firm has a market capitalization of $3.87 billion, a P/E ratio of 84.52 and a beta of 1.80. Freshpet, Inc. has a twelve month low of $72.90 and a twelve month high of $164.07.

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

Analysts Set New Price Targets

Several equities analysts have recently issued reports on FRPT shares. Oppenheimer downgraded shares of Freshpet from an "outperform" rating to a "market perform" rating in a report on Tuesday, March 11th. Wells Fargo & Company cut their price objective on shares of Freshpet from $142.00 to $110.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 2nd. Jefferies Financial Group upgraded shares of 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 note on Monday, February 24th. Truist Financial cut their price objective on shares of Freshpet from $140.00 to $110.00 and set a "buy" rating on the stock in a research note on Monday, March 31st. Finally, Citigroup cut their price objective on shares of Freshpet from $155.00 to $142.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $145.20.

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.