Freshpet, Inc. (NASDAQ:FRPT) Shares Acquired by Sei Investments Co.

Sei Investments Co. increased its stake in shares of Freshpet, Inc. (NASDAQ:FRPT - Free Report) by 46.1% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 314,705 shares of the company's stock after acquiring an additional 99,241 shares during the period. Sei Investments Co. owned approximately 0.65% of Freshpet worth $46,610,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Geneos Wealth Management Inc. boosted its holdings in Freshpet by 302.0% in the fourth quarter. Geneos Wealth Management Inc. now owns 201 shares of the company's stock valued at $30,000 after purchasing an additional 151 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in shares of Freshpet by 130.9% during the 4th quarter. Jones Financial Companies Lllp now owns 217 shares of the company's stock valued at $32,000 after buying an additional 123 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Freshpet during the third quarter worth approximately $32,000. R Squared Ltd bought a new stake in shares of Freshpet in the fourth quarter worth $39,000. Finally, IFP Advisors Inc acquired a new stake in Freshpet in the fourth quarter valued at $43,000.

Analysts Set New Price Targets

FRPT has been the subject of several recent research reports. Stifel Nicolaus lowered their target price on shares of Freshpet from $155.00 to $135.00 and set a "buy" rating for the company in a research note on Monday, March 10th. JPMorgan Chase & Co. lowered their target price on Freshpet from $154.00 to $102.00 and set an "overweight" rating for the company in a report on Monday, March 10th. Piper Sandler cut their price target on Freshpet from $160.00 to $145.00 and set an "overweight" rating on the stock in a report on Tuesday. Citigroup dropped their target price on Freshpet from $155.00 to $142.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 12th. Finally, Wells Fargo & Company reduced their price target on shares of Freshpet from $170.00 to $142.00 and set an "overweight" rating for the company in a report on Friday, February 21st. One analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $150.67.

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Freshpet Price Performance

NASDAQ:FRPT traded down $2.26 during midday trading on Friday, hitting $84.39. 1,052,744 shares of the stock were exchanged, compared to its average volume of 757,337. The business has a 50-day moving average price of $118.17 and a two-hundred day moving average price of $135.76. 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 market capitalization of $4.11 billion, a price-to-earnings ratio of 89.78 and a beta of 1.58. Freshpet, Inc. has a one year low of $80.27 and a one year high of $164.07.

Freshpet (NASDAQ:FRPT - Get Free Report) last announced its quarterly earnings data 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 analyst estimates of $275.46 million. Freshpet had a return on equity of 3.92% and a net margin of 4.81%. Sell-side analysts predict 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.