Geneva Capital Management LLC Lowers Holdings in Freshpet, Inc. (NASDAQ:FRPT)

Geneva Capital Management LLC lowered its holdings in shares of Freshpet, Inc. (NASDAQ:FRPT - Free Report) by 11.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 74,899 shares of the company's stock after selling 9,322 shares during the quarter. Geneva Capital Management LLC owned 0.15% of Freshpet worth $11,093,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. WCM Investment Management LLC lifted its holdings in shares of Freshpet by 4.0% in the 4th quarter. WCM Investment Management LLC now owns 2,881,855 shares of the company's stock worth $430,809,000 after buying an additional 110,478 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Freshpet by 4.7% in the 3rd quarter. Geode Capital Management LLC now owns 835,663 shares of the company's stock worth $115,650,000 after buying an additional 37,287 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Freshpet by 54.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 439,681 shares of the company's stock worth $60,135,000 after buying an additional 154,909 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in shares of Freshpet by 198.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 381,385 shares of the company's stock worth $55,065,000 after buying an additional 253,679 shares during the period. Finally, TimesSquare Capital Management LLC lifted its holdings in shares of Freshpet by 21.8% in the 4th quarter. TimesSquare Capital Management LLC now owns 243,187 shares of the company's stock worth $36,018,000 after buying an additional 43,595 shares during the period.

Remove Ads

Freshpet Stock Up 6.3 %

NASDAQ:FRPT traded up $5.78 during mid-day trading on Friday, hitting $96.86. 1,622,287 shares of the company's stock traded hands, compared to its average volume of 1,171,080. The company has a fifty day moving average of $136.84 and a 200 day moving average of $140.98. Freshpet, Inc. has a twelve month low of $89.59 and a twelve month high of $164.07. The company has a market capitalization of $4.72 billion, a P/E ratio of 103.04 and a beta of 1.58. 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 (NASDAQ:FRPT - Get Free Report) last announced its earnings results on Thursday, February 20th. The company reported $0.36 earnings per share (EPS) for the quarter, meeting the consensus estimate 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. On average, analysts forecast that Freshpet, Inc. will post 1.55 EPS for the current year.

Analyst Ratings Changes

FRPT has been the subject of several research reports. Citigroup lowered their target price on Freshpet from $155.00 to $142.00 and set a "neutral" rating for the company in a report on Wednesday, February 12th. Piper Sandler reduced their price target on Freshpet from $180.00 to $160.00 and set an "overweight" rating for the company in a research report on Friday, February 21st. Oppenheimer reduced their price target on Freshpet from $180.00 to $140.00 and set an "outperform" rating for the company in a research report on Monday, February 24th. StockNews.com lowered Freshpet from a "hold" rating to a "sell" rating in a research report on Wednesday, November 20th. Finally, Stifel Nicolaus reduced their price target on Freshpet from $165.00 to $155.00 and set a "buy" rating for the company in a research report on Friday, February 21st. One analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $156.47.

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.