EAM Global Investors LLC Sells 5,136 Shares of Freshpet, Inc. (NASDAQ:FRPT)

EAM Global Investors LLC decreased its holdings in shares of Freshpet, Inc. (NASDAQ:FRPT - Free Report) by 18.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 22,401 shares of the company's stock after selling 5,136 shares during the period. EAM Global Investors LLC's holdings in Freshpet were worth $3,318,000 as of its most recent SEC filing.

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 about $817,000. Principal Financial Group Inc. boosted its stake in 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 buying an additional 28,743 shares during the last quarter. Geode Capital Management LLC increased its position in Freshpet by 4.7% in the third quarter. Geode Capital Management LLC now owns 835,663 shares of the company's stock worth $115,650,000 after purchasing an additional 37,287 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of Freshpet by 1.7% in the 4th quarter. Victory Capital Management Inc. now owns 135,629 shares of the company's stock worth $20,088,000 after buying an additional 2,291 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of Freshpet by 198.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 381,385 shares of the company's stock valued at $55,065,000 after purchasing an additional 253,679 shares during the period.

Freshpet Stock Performance

Shares of FRPT stock traded down $2.73 during trading hours on Monday, reaching $74.84. The stock had a trading volume of 233,623 shares, compared to its average volume of 798,399. The firm has a 50-day simple moving average of $93.09 and a 200-day simple moving average of $128.78. The firm has a market capitalization of $3.65 billion, a PE ratio of 79.62 and a beta of 1.80. The company has a debt-to-equity ratio of 0.41, a current ratio of 4.72 and a quick ratio of 3.91. 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 announced its 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 business 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%. As a group, equities analysts forecast that Freshpet, Inc. will post 1.55 earnings per share for the current year.

Analyst Upgrades and Downgrades

FRPT has been the subject of several recent research reports. JPMorgan Chase & Co. decreased their price objective on Freshpet from $102.00 to $91.00 and set a "neutral" rating for the company in a report on Thursday, April 10th. Stifel Nicolaus reduced their target price on shares of Freshpet from $135.00 to $115.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Wells Fargo & Company cut their price target on shares of Freshpet from $142.00 to $110.00 and set an "overweight" rating on the stock in a report on Wednesday, April 2nd. Citigroup lowered their price target on Freshpet from $155.00 to $142.00 and set a "neutral" rating for the company in a report on Wednesday, February 12th. Finally, Oppenheimer cut shares of Freshpet from an "outperform" rating to a "market perform" rating in a report on Tuesday, March 11th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $140.80.

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.