Freshpet, Inc. (NASDAQ:FRPT) Shares Bought by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd increased its stake in shares of Freshpet, Inc. (NASDAQ:FRPT - Free Report) by 315.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,584 shares of the company's stock after buying an additional 6,517 shares during the quarter. Harvest Fund Management Co. Ltd's holdings in Freshpet were worth $1,271,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in FRPT. M&T Bank Corp boosted its holdings in Freshpet by 3.2% in the fourth quarter. M&T Bank Corp now owns 2,253 shares of the company's stock valued at $333,000 after purchasing an additional 70 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in Freshpet by 1.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 5,887 shares of the company's stock valued at $805,000 after purchasing an additional 75 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Freshpet by 19.1% in the fourth quarter. GAMMA Investing LLC now owns 573 shares of the company's stock worth $85,000 after acquiring an additional 92 shares during the period. Arizona State Retirement System raised its position in shares of Freshpet by 0.8% in the fourth quarter. Arizona State Retirement System now owns 13,350 shares of the company's stock worth $1,977,000 after acquiring an additional 101 shares during the period. Finally, Williamson Legacy Group LLC raised its position in shares of Freshpet by 1.6% in the fourth quarter. Williamson Legacy Group LLC now owns 6,903 shares of the company's stock worth $1,022,000 after acquiring an additional 112 shares during the period.

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Freshpet Price Performance

NASDAQ FRPT traded up $0.22 during trading hours on Friday, hitting $86.64. 9,845,027 shares of the company's stock traded hands, compared to its average volume of 731,115. The firm's 50-day moving average is $124.80 and its 200-day moving average is $137.53. Freshpet, Inc. has a 52-week low of $80.27 and a 52-week high of $164.07. The company has a debt-to-equity ratio of 0.41, a current ratio of 4.72 and a quick ratio of 3.91. The company has a market capitalization of $4.22 billion, a PE ratio of 92.17 and a beta of 1.58.

Freshpet (NASDAQ:FRPT - Get Free Report) last posted its quarterly 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. Equities analysts forecast that Freshpet, Inc. will post 1.55 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

FRPT has been the subject of a number of analyst reports. Citigroup decreased their price objective on shares of Freshpet from $155.00 to $142.00 and set a "neutral" rating for the company in a research report on Wednesday, February 12th. Piper Sandler decreased their price objective on shares of Freshpet from $180.00 to $160.00 and set an "overweight" rating for the company in a research report on Friday, February 21st. Jefferies Financial Group upgraded shares of Freshpet from a "hold" rating to a "buy" rating and decreased their price objective for the stock from $155.00 to $150.00 in a research report on Monday, February 24th. Wells Fargo & Company decreased their price objective on shares of Freshpet from $170.00 to $142.00 and set an "overweight" rating for the company in a research report on Friday, February 21st. Finally, Truist Financial restated a "buy" rating and set a $140.00 price target (down previously from $170.00) on shares of Freshpet in a research report on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $151.67.

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.