Fisher Asset Management LLC Has $26.20 Million Position in Freshpet, Inc. (NASDAQ:FRPT)

Fisher Asset Management LLC grew its stake in Freshpet, Inc. (NASDAQ:FRPT - Free Report) by 20.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 176,912 shares of the company's stock after purchasing an additional 30,549 shares during the period. Fisher Asset Management LLC owned approximately 0.36% of Freshpet worth $26,202,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Geneos Wealth Management Inc. boosted its stake in Freshpet by 302.0% in the 4th quarter. Geneos Wealth Management Inc. now owns 201 shares of the company's stock valued at $30,000 after buying an additional 151 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Freshpet in the 3rd quarter valued at $32,000. R Squared Ltd bought a new stake in shares of Freshpet in the 4th quarter worth about $39,000. IFP Advisors Inc acquired a new stake in shares of Freshpet during the 4th quarter worth about $43,000. Finally, Brooklyn Investment Group bought a new position in Freshpet during the 3rd quarter valued at about $54,000.

Freshpet Stock Up 6.3 %

Shares of NASDAQ:FRPT traded up $5.78 during midday trading on Friday, reaching $96.86. 1,619,143 shares of the company were exchanged, compared to its average volume of 1,171,007. The firm has a market cap of $4.72 billion, a PE ratio of 103.04 and a beta of 1.42. 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, Inc. has a fifty-two week low of $89.59 and a fifty-two week high of $164.07. The stock has a fifty day simple moving average of $137.83 and a two-hundred day simple moving average of $141.13.

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Freshpet (NASDAQ:FRPT - Get Free Report) last released 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. The business had revenue of $262.71 million for the quarter, compared to the consensus estimate of $275.46 million. Freshpet had a return on equity of 3.92% and a net margin of 4.81%. As a group, sell-side analysts forecast that Freshpet, Inc. will post 1.55 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have weighed in on FRPT shares. Wells Fargo & Company decreased their price objective on shares of Freshpet from $170.00 to $142.00 and set an "overweight" rating on the stock in a research note on Friday, February 21st. Truist Financial restated a "buy" rating and set a $140.00 price target (down from $170.00) on shares of Freshpet in a research report on Tuesday, February 25th. Stifel Nicolaus cut their price objective on Freshpet from $165.00 to $155.00 and set a "buy" rating for the company in a research report on Friday, February 21st. StockNews.com cut Freshpet from a "hold" rating to a "sell" rating in a report on Wednesday, November 20th. Finally, Piper Sandler cut their price target on Freshpet from $180.00 to $160.00 and set an "overweight" rating for the company in a report on Friday, February 21st. 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 company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $156.47.

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.