Freshpet, Inc. (NASDAQ:FRPT) Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. lowered its stake in Freshpet, Inc. (NASDAQ:FRPT - Free Report) by 6.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,232,581 shares of the company's stock after selling 91,204 shares during the quarter. Alliancebernstein L.P. owned 2.54% of Freshpet worth $182,558,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FRPT. Cerity Partners LLC purchased a new stake in Freshpet during the 3rd quarter worth approximately $1,044,000. The Manufacturers Life Insurance Company increased its position in shares of Freshpet by 2.9% during the third quarter. The Manufacturers Life Insurance Company now owns 11,848 shares of the company's stock worth $1,620,000 after purchasing an additional 336 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Freshpet by 9.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,913 shares of the company's stock valued at $1,493,000 after purchasing an additional 966 shares during the last quarter. Captrust Financial Advisors lifted its holdings in 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 purchasing an additional 209 shares in the last quarter. Finally, Erste Asset Management GmbH purchased a new position in Freshpet in the 3rd quarter valued at $571,000.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Jefferies Financial Group upgraded shares of Freshpet from a "hold" rating to a "buy" rating and reduced their target price for the company from $155.00 to $150.00 in a research report on Monday, February 24th. Wells Fargo & Company cut their price target on Freshpet from $142.00 to $110.00 and set an "overweight" rating for the company in a report on Wednesday. Piper Sandler lowered their price objective on Freshpet from $160.00 to $145.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 25th. JPMorgan Chase & Co. reduced their price target on Freshpet from $154.00 to $102.00 and set an "overweight" rating on the stock in a report on Monday, March 10th. Finally, Oppenheimer cut shares of Freshpet from an "outperform" rating to a "market perform" rating in a research report on Tuesday, March 11th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $146.53.

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Freshpet Stock Down 2.1 %

FRPT traded down $1.71 during trading hours on Friday, hitting $79.49. 1,749,998 shares of the company's stock were exchanged, compared to its average volume of 769,451. The firm has a market cap of $3.87 billion, a P/E ratio of 84.56 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. Freshpet, Inc. has a 12-month low of $77.15 and a 12-month high of $164.07. The firm has a 50 day moving average of $110.68 and a 200 day moving average of $133.79.

Freshpet (NASDAQ:FRPT - Get Free Report) last posted its quarterly 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. 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 analyst estimates of $275.46 million. Analysts predict that Freshpet, Inc. will post 1.55 EPS for the current fiscal 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.