Freshpet, Inc. (NASDAQ:FRPT) Shares Bought by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. lifted its stake in shares of Freshpet, Inc. (NASDAQ:FRPT - Free Report) by 147.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 24,439 shares of the company's stock after buying an additional 14,551 shares during the quarter. Landscape Capital Management L.L.C. owned 0.05% of Freshpet worth $3,620,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in Freshpet by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 4,652,556 shares of the company's stock valued at $689,090,000 after acquiring an additional 46,844 shares in the last quarter. WCM Investment Management LLC grew its holdings in Freshpet by 4.0% during the 4th quarter. WCM Investment Management LLC now owns 2,881,855 shares of the company's stock valued at $430,809,000 after purchasing an additional 110,478 shares in the last quarter. Geode Capital Management LLC increased its stake in Freshpet by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 844,744 shares of the company's stock worth $127,446,000 after buying an additional 9,081 shares during the period. Norges Bank acquired a new position in Freshpet in the 4th quarter worth $75,253,000. Finally, Allspring Global Investments Holdings LLC boosted its position in Freshpet by 198.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 381,385 shares of the company's stock valued at $55,065,000 after buying an additional 253,679 shares during the last quarter.

Analyst Ratings Changes

FRPT has been the topic of a number of analyst reports. Oppenheimer lowered Freshpet from an "outperform" rating to a "market perform" rating in a research report on Tuesday, March 11th. Jefferies Financial Group raised Freshpet from a "hold" rating to a "buy" rating and cut their target price for the company from $155.00 to $150.00 in a research report on Monday, February 24th. Wells Fargo & Company reduced their target price on Freshpet from $142.00 to $110.00 and set an "overweight" rating for the company in a research note on Wednesday, April 2nd. Truist Financial cut their price target on shares of Freshpet from $140.00 to $110.00 and set a "buy" rating on the stock in a report on Monday, March 31st. Finally, Stifel Nicolaus reduced their price objective on shares of Freshpet from $155.00 to $135.00 and set a "buy" rating on the stock in a research note on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Freshpet has a consensus rating of "Moderate Buy" and a consensus price target of $146.53.

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Freshpet Stock Performance

Shares of Freshpet stock traded up $0.45 on Wednesday, reaching $74.58. 215,680 shares of the company were exchanged, compared to its average volume of 775,654. The firm has a market cap of $3.63 billion, a price-to-earnings ratio of 79.19 and a beta of 1.80. Freshpet, Inc. has a 1-year low of $71.75 and a 1-year high of $164.07. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.91 and a current ratio of 4.72. The company's 50-day moving average is $105.63 and its two-hundred day moving average is $132.41.

Freshpet (NASDAQ:FRPT - Get Free Report) last issued its 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 return on equity of 3.92% and a net margin of 4.81%. The firm had revenue of $262.71 million for the quarter, compared to analyst estimates of $275.46 million. As a group, research analysts expect 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.