Freshpet, Inc. (NASDAQ:FRPT) Stock Holdings Boosted by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. lifted its stake in Freshpet, Inc. (NASDAQ:FRPT - Free Report) by 331.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 8,042 shares of the company's stock after purchasing an additional 6,179 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Freshpet were worth $1,191,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Natixis Advisors LLC lifted its holdings in Freshpet by 406.4% during the fourth quarter. Natixis Advisors LLC now owns 53,066 shares of the company's stock worth $7,860,000 after buying an additional 42,587 shares during the period. Ironwood Investment Management LLC lifted its position in Freshpet by 0.9% during the 4th quarter. Ironwood Investment Management LLC now owns 37,132 shares of the company's stock worth $5,500,000 after acquiring an additional 332 shares during the period. Swiss National Bank raised its position in Freshpet by 0.9% during the 4th quarter. Swiss National Bank now owns 90,650 shares of the company's stock worth $13,426,000 after buying an additional 800 shares during the last quarter. HighTower Advisors LLC lifted its position in Freshpet by 36.6% during the fourth quarter. HighTower Advisors LLC now owns 7,945 shares of the company's stock valued at $1,177,000 after purchasing an additional 2,128 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Freshpet by 16.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,667 shares of the company's stock valued at $1,876,000 after acquiring an additional 1,754 shares in the last quarter.

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Analyst Upgrades and Downgrades

FRPT has been the topic of several research analyst reports. Jefferies Financial Group raised Freshpet from a "hold" rating to a "buy" rating and dropped their price objective for the company from $155.00 to $150.00 in a report on Monday, February 24th. Truist Financial reaffirmed a "buy" rating and set a $140.00 price objective (down previously from $170.00) on shares of Freshpet in a research report on Tuesday, February 25th. JPMorgan Chase & Co. lowered their price objective on Freshpet from $154.00 to $102.00 and set an "overweight" rating for the company in a research report on Monday, March 10th. Piper Sandler reduced their price objective on Freshpet from $160.00 to $145.00 and set an "overweight" rating for the company in a research note on Tuesday. Finally, Oppenheimer cut shares of 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, two have assigned a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, Freshpet presently has an average rating of "Moderate Buy" and a consensus price target of $150.67.

Freshpet Trading Down 1.1 %

Shares of Freshpet stock traded down $0.93 during trading hours on Wednesday, hitting $85.30. The company's stock had a trading volume of 1,219,454 shares, compared to its average volume of 738,353. The business has a fifty day moving average of $122.34 and a 200 day moving average of $136.83. Freshpet, Inc. has a 1-year low of $80.27 and a 1-year 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. The company has a market capitalization of $4.16 billion, a PE ratio of 90.74 and a beta of 1.58.

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