Freshpet, Inc. (NASDAQ:FRPT) Stock Holdings Lessened by Emerald Advisers LLC

Emerald Advisers LLC trimmed its position in shares of Freshpet, Inc. (NASDAQ:FRPT - Free Report) by 3.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 498,032 shares of the company's stock after selling 15,972 shares during the period. Freshpet makes up 2.9% of Emerald Advisers LLC's portfolio, making the stock its 3rd biggest holding. Emerald Advisers LLC owned approximately 1.03% of Freshpet worth $73,764,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Freshpet by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 4,652,556 shares of the company's stock worth $689,090,000 after acquiring an additional 46,844 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of Freshpet during the fourth quarter valued at about $1,422,000. Sei Investments Co. lifted its stake in shares of Freshpet by 46.1% in the fourth quarter. Sei Investments Co. now owns 314,705 shares of the company's stock valued at $46,610,000 after buying an additional 99,241 shares during the period. American Century Companies Inc. grew its position in Freshpet by 1.3% during the fourth quarter. American Century Companies Inc. now owns 152,610 shares of the company's stock worth $22,603,000 after buying an additional 1,926 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd increased its stake in Freshpet by 315.3% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 8,584 shares of the company's stock valued at $1,271,000 after acquiring an additional 6,517 shares during the period.

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Freshpet Price Performance

Shares of FRPT traded down $0.93 during trading hours on Wednesday, reaching $85.30. The stock had a trading volume of 1,220,120 shares, compared to its average volume of 739,354. The stock has a market capitalization of $4.16 billion, a PE ratio of 90.74 and a beta of 1.58. Freshpet, Inc. has a 12 month low of $80.27 and a 12 month 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 $120.98 and its two-hundred day moving average is $136.47.

Freshpet (NASDAQ:FRPT - Get Free Report) last issued its quarterly earnings data 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 net margin of 4.81% and a return on equity of 3.92%. The company had revenue of $262.71 million for the quarter, compared to analysts' expectations of $275.46 million. Research analysts expect that Freshpet, Inc. will post 1.55 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on FRPT shares. JPMorgan Chase & Co. lowered their target price on shares of Freshpet from $154.00 to $102.00 and set an "overweight" rating on the stock in a research note on Monday, March 10th. Wells Fargo & Company dropped their target price on Freshpet from $170.00 to $142.00 and set an "overweight" rating for the company in a report on Friday, February 21st. Truist Financial reaffirmed a "buy" rating and issued a $140.00 price target (down previously from $170.00) on shares of Freshpet in a research note on Tuesday, February 25th. Oppenheimer lowered Freshpet from an "outperform" rating to a "market perform" rating in a research note on Tuesday, March 11th. Finally, Jefferies Financial Group raised shares of Freshpet from a "hold" rating to a "buy" rating and cut their price target for the company from $155.00 to $150.00 in a report on Monday, February 24th. 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 stock presently has an average rating of "Moderate Buy" and a consensus target price of $150.67.

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.