Jump Financial LLC Acquires 7,770 Shares of Freshpet, Inc. (NASDAQ:FRPT)

Jump Financial LLC grew its position in shares of Freshpet, Inc. (NASDAQ:FRPT - Free Report) by 173.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,243 shares of the company's stock after buying an additional 7,770 shares during the period. Jump Financial LLC's holdings in Freshpet were worth $1,813,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Lecap Asset Management Ltd. acquired a new position in Freshpet during the fourth quarter worth about $817,000. Principal Financial Group Inc. increased its position in shares of Freshpet by 36.4% during the fourth quarter. Principal Financial Group Inc. now owns 107,657 shares of the company's stock worth $15,945,000 after buying an additional 28,743 shares during the period. Victory Capital Management Inc. increased its position in shares of Freshpet by 1.7% during the fourth quarter. Victory Capital Management Inc. now owns 135,629 shares of the company's stock worth $20,088,000 after buying an additional 2,291 shares during the period. Natixis Advisors LLC boosted its stake in Freshpet by 406.4% during the fourth quarter. Natixis Advisors LLC now owns 53,066 shares of the company's stock worth $7,860,000 after acquiring an additional 42,587 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of Freshpet by 198.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 381,385 shares of the company's stock valued at $55,065,000 after buying an additional 253,679 shares in the last quarter.

Freshpet Stock Up 2.4 %

Shares of NASDAQ:FRPT traded up $1.79 during trading on Thursday, reaching $75.91. 131,598 shares of the company traded hands, compared to its average volume of 806,834. The firm has a market cap of $3.70 billion, a P/E ratio of 80.57 and a beta of 1.80. The firm has a fifty day simple moving average of $89.63 and a 200 day simple moving average of $127.54. The company has a quick ratio of 3.91, a current ratio of 4.72 and a debt-to-equity ratio of 0.41. Freshpet, Inc. has a 1-year low of $72.20 and a 1-year high of $164.07.

Freshpet (NASDAQ:FRPT - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.36 EPS for the quarter, hitting 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 during the quarter, compared to the consensus estimate of $275.46 million. Analysts anticipate that Freshpet, Inc. will post 1.55 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on FRPT. JPMorgan Chase & Co. dropped their target price on Freshpet from $102.00 to $91.00 and set a "neutral" rating on the stock in a research report 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 research report on Tuesday, March 25th. Citigroup decreased their target price on Freshpet from $155.00 to $142.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 12th. Wells Fargo & Company lowered their price objective 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, Jefferies Financial Group raised shares of Freshpet from a "hold" rating to a "buy" rating and cut their price objective for the stock from $155.00 to $150.00 in a research report on Monday, February 24th. One analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the stock currently has an average 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.