Freshpet, Inc. (NASDAQ:FRPT) Shares Sold by Capital World Investors

Capital World Investors reduced its position in shares of Freshpet, Inc. (NASDAQ:FRPT - Free Report) by 49.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 136,073 shares of the company's stock after selling 131,136 shares during the quarter. Capital World Investors owned about 0.28% of Freshpet worth $20,154,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Virtu Financial LLC bought a new stake in shares of Freshpet in the third quarter valued at about $226,000. Sanctuary Advisors LLC bought a new stake in shares of Freshpet in the 3rd quarter valued at about $351,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Freshpet in the 3rd quarter worth approximately $32,000. GAMMA Investing LLC boosted its stake in shares of Freshpet by 19.1% during the fourth quarter. GAMMA Investing LLC now owns 573 shares of the company's stock valued at $85,000 after purchasing an additional 92 shares in the last quarter. Finally, Silverleafe Capital Partners LLC purchased a new position in Freshpet during the fourth quarter valued at approximately $678,000.

Analyst Ratings Changes

Several brokerages have issued reports on FRPT. JPMorgan Chase & Co. dropped 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. Benchmark decreased their price target on shares of Freshpet from $195.00 to $140.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. Oppenheimer downgraded shares of Freshpet from an "outperform" rating to a "market perform" rating in a research report on Tuesday, March 11th. Truist Financial dropped their price target on Freshpet from $110.00 to $90.00 and set a "buy" rating on the stock in a research note on Thursday. Finally, 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. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $139.47.

Freshpet Price Performance

FRPT stock traded down $0.47 during midday trading on Friday, reaching $74.65. The stock had a trading volume of 747,057 shares, compared to its average volume of 810,329. Freshpet, Inc. has a 52-week low of $72.20 and a 52-week high of $164.07. The company has a current ratio of 4.72, a quick ratio of 3.91 and a debt-to-equity ratio of 0.41. The company's fifty day simple moving average is $88.54 and its 200 day simple moving average is $127.11. The company has a market cap 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 posted its quarterly earnings results on Thursday, February 20th. The company reported $0.36 earnings per share for the quarter, hitting the consensus estimate 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 for the quarter, compared to the consensus estimate of $275.46 million. As a group, sell-side analysts predict that Freshpet, Inc. will post 1.55 earnings per share for the current fiscal year.

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.