Canada Pension Plan Investment Board Has $1.07 Million Stake in Freshpet, Inc. (NASDAQ:FRPT)

Canada Pension Plan Investment Board lowered its holdings in Freshpet, Inc. (NASDAQ:FRPT - Free Report) by 35.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,200 shares of the company's stock after selling 4,000 shares during the quarter. Canada Pension Plan Investment Board's holdings in Freshpet were worth $1,066,000 at the end of the most recent quarter.

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

Freshpet Stock Performance

NASDAQ FRPT opened at $75.12 on Friday. The company's 50 day moving average is $88.54 and its 200-day moving average is $127.11. The firm has a market cap of $3.66 billion, a P/E ratio of 79.91 and a beta of 1.80. Freshpet, Inc. has a 12-month low of $72.20 and a 12-month high of $164.07. 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 (NASDAQ:FRPT - Get Free Report) last issued 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. Freshpet had a net margin of 4.81% and a return on equity of 3.92%. The business had revenue of $262.71 million for the quarter, compared to analysts' expectations of $275.46 million. Sell-side analysts predict that Freshpet, Inc. will post 1.55 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Truist Financial lowered their price target on Freshpet from $110.00 to $90.00 and set a "buy" rating for the company in a research report on Thursday. 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. Citigroup reduced their price objective on shares of Freshpet from $155.00 to $142.00 and set a "neutral" rating for the company in a research report on Wednesday, February 12th. JPMorgan Chase & Co. dropped their target price on shares of Freshpet from $102.00 to $91.00 and set a "neutral" rating on the stock in a research report on Thursday, April 10th. Finally, Oppenheimer lowered Freshpet from an "outperform" rating to a "market perform" rating in a report on Tuesday, March 11th. One research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $139.47.

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.

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