ExodusPoint Capital Management LP acquired a new stake in shares of Freshpet, Inc. (NASDAQ:FRPT - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 65,873 shares of the company's stock, valued at approximately $9,756,000. ExodusPoint Capital Management LP owned 0.14% of Freshpet at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. The Manufacturers Life Insurance Company lifted its position in Freshpet by 2.9% during the third quarter. The Manufacturers Life Insurance Company now owns 11,848 shares of the company's stock valued at $1,620,000 after purchasing an additional 336 shares during the period. Captrust Financial Advisors lifted its holdings in shares of Freshpet by 2.8% in the 3rd quarter. Captrust Financial Advisors now owns 7,571 shares of the company's stock valued at $1,035,000 after buying an additional 209 shares during the period. Centiva Capital LP boosted its stake in shares of Freshpet by 224.5% in the third quarter. Centiva Capital LP now owns 5,240 shares of the company's stock worth $717,000 after buying an additional 3,625 shares during the last quarter. Point72 Asset Management L.P. grew its holdings in Freshpet by 391.5% during the third quarter. Point72 Asset Management L.P. now owns 234,626 shares of the company's stock worth $32,090,000 after acquiring an additional 186,889 shares during the period. Finally, Point72 DIFC Ltd purchased a new position in Freshpet during the third quarter valued at approximately $817,000.
Analyst Ratings Changes
A number of research analysts have weighed in on FRPT shares. Wells Fargo & Company decreased their price objective on Freshpet from $142.00 to $110.00 and set an "overweight" rating on the stock in a report on Wednesday, April 2nd. Truist Financial cut their price objective on shares of Freshpet from $140.00 to $110.00 and set a "buy" rating for the company in a report on Monday, March 31st. JPMorgan Chase & Co. dropped their price target on Freshpet from $102.00 to $91.00 and set a "neutral" rating for the company in a research report on Thursday. Piper Sandler reduced their price objective on Freshpet from $160.00 to $145.00 and set an "overweight" rating on the stock in a research report on Tuesday, March 25th. Finally, Stifel Nicolaus cut their target price on Freshpet from $135.00 to $115.00 and set a "buy" rating for the company in a research note on Thursday. One analyst has rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat, Freshpet has a consensus rating of "Moderate Buy" and a consensus target price of $144.47.
Check Out Our Latest Research Report on Freshpet
Freshpet Trading Down 6.8 %
Freshpet stock traded down $5.66 during midday trading on Thursday, reaching $77.23. 594,169 shares of the stock traded hands, compared to its average volume of 782,673. The firm has a market cap of $3.76 billion, a PE ratio of 81.97 and a beta of 1.80. 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 has a 50-day simple moving average of $102.50 and a two-hundred day simple moving average of $131.67. Freshpet, Inc. has a 12-month low of $72.90 and a 12-month high of $164.07.
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 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 net margin of 4.81% and a return on equity of 3.92%. Research analysts expect that Freshpet, Inc. will post 1.55 earnings per share for the current fiscal year.
Freshpet Profile
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Free Report)
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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