Rock Springs Capital Management LP Sells 119,000 Shares of Freshpet, Inc. (NASDAQ:FRPT)

Rock Springs Capital Management LP lessened its holdings in Freshpet, Inc. (NASDAQ:FRPT - Free Report) by 26.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 327,500 shares of the company's stock after selling 119,000 shares during the period. Freshpet comprises approximately 1.8% of Rock Springs Capital Management LP's portfolio, making the stock its 18th biggest position. Rock Springs Capital Management LP owned about 0.67% of Freshpet worth $48,506,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Geneos Wealth Management Inc. increased its holdings in shares of 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 purchasing an additional 151 shares during the period. Jones Financial Companies Lllp grew its position in Freshpet by 130.9% during the fourth quarter. Jones Financial Companies Lllp now owns 217 shares of the company's stock valued at $32,000 after purchasing an additional 123 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Freshpet in the 3rd quarter valued at approximately $32,000. R Squared Ltd acquired a new position in Freshpet in the 4th quarter valued at approximately $39,000. Finally, IFP Advisors Inc purchased a new stake in Freshpet in the 4th quarter worth approximately $43,000.

Freshpet Stock Performance

Freshpet stock traded down $0.47 during mid-day trading on Friday, reaching $74.65. The company had a trading volume of 747,057 shares, compared to its average volume of 810,326. The company has a quick ratio of 3.91, a current ratio of 4.72 and a debt-to-equity ratio of 0.41. The firm has a market cap of $3.64 billion, a price-to-earnings ratio of 79.41 and a beta of 1.80. The company has a 50 day moving average of $88.54 and a 200-day moving average of $127.11. Freshpet, Inc. has a 52 week low of $72.20 and a 52 week high of $164.07.

Freshpet (NASDAQ:FRPT - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported $0.36 earnings per share for the quarter, meeting the consensus estimate of $0.36. Freshpet had a net margin of 4.81% and a return on equity of 3.92%. The business had revenue of $262.71 million during the quarter, compared to analysts' expectations of $275.46 million. On average, sell-side analysts expect that Freshpet, Inc. will post 1.55 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Stifel Nicolaus lowered their target price on Freshpet from $135.00 to $115.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Piper Sandler dropped their price objective on Freshpet from $160.00 to $145.00 and set an "overweight" rating on the stock in a report on Tuesday, March 25th. Truist Financial reduced their target price on shares of Freshpet from $110.00 to $90.00 and set a "buy" rating for the company in a research note on Thursday. Wells Fargo & Company decreased their target price on shares of Freshpet from $142.00 to $110.00 and set an "overweight" rating for the company in a research report on Wednesday, April 2nd. Finally, Robert W. Baird set a $125.00 price target on shares of Freshpet in a report on Wednesday, April 16th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, Freshpet currently has a consensus rating of "Moderate Buy" and a consensus target price of $139.47.

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.