Fuller & Thaler Asset Management Inc. Decreases Stock Holdings in Freshpet, Inc. (NASDAQ:FRPT)

Fuller & Thaler Asset Management Inc. cut its position in shares of Freshpet, Inc. (NASDAQ:FRPT - Free Report) by 16.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 436,400 shares of the company's stock after selling 88,391 shares during the quarter. Fuller & Thaler Asset Management Inc. owned approximately 0.90% of Freshpet worth $64,635,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Geneos Wealth Management Inc. grew its holdings in shares of 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 acquiring an additional 151 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Freshpet during the 3rd quarter valued at $32,000. Jones Financial Companies Lllp raised 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 worth $32,000 after purchasing an additional 123 shares during the period. R Squared Ltd purchased a new position in shares of Freshpet in the 4th quarter worth about $39,000. Finally, IFP Advisors Inc bought a new position in Freshpet during the fourth quarter valued at about $43,000.

Freshpet Price Performance

FRPT traded down $0.47 on Friday, reaching $74.65. The company had a trading volume of 747,057 shares, compared to its average volume of 813,053. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.91 and a current ratio of 4.72. Freshpet, Inc. has a 52-week low of $72.20 and a 52-week high of $164.07. The company has a market cap of $3.64 billion, a price-to-earnings ratio of 79.41 and a beta of 1.80. The business has a 50 day simple moving average of $87.39 and a 200 day simple moving average of $126.59.

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 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 analysts' expectations of $275.46 million. As a group, sell-side analysts anticipate that Freshpet, Inc. will post 1.55 EPS for the current year.

Analysts Set New Price Targets

FRPT has been the topic of a number of research analyst reports. Oppenheimer cut shares of Freshpet from an "outperform" rating to a "market perform" rating in a research note on Tuesday, March 11th. Piper Sandler reduced their price objective on Freshpet from $160.00 to $145.00 and set an "overweight" rating for the company in a report on Tuesday, March 25th. Benchmark lowered their target price on Freshpet from $195.00 to $140.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. JPMorgan Chase & Co. cut their price target on Freshpet from $102.00 to $91.00 and set a "neutral" rating for the company in a research note on Thursday, April 10th. Finally, Truist Financial lowered their price objective on Freshpet from $110.00 to $90.00 and set a "buy" rating on the stock in a research note on Thursday. One investment 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's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $139.47.

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.