9,600 Shares in Freshpet, Inc. (NASDAQ:FRPT) Purchased by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS bought a new position in Freshpet, Inc. (NASDAQ:FRPT - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 9,600 shares of the company's stock, valued at approximately $1,422,000.

A number of other institutional investors have also added to or reduced their stakes in FRPT. Geneos Wealth Management Inc. boosted its holdings in shares of Freshpet by 302.0% in the 4th quarter. Geneos Wealth Management Inc. now owns 201 shares of the company's stock worth $30,000 after purchasing an additional 151 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Freshpet in the 3rd quarter worth approximately $32,000. Jones Financial Companies Lllp boosted its stake in Freshpet by 130.9% in the fourth quarter. Jones Financial Companies Lllp now owns 217 shares of the company's stock worth $32,000 after buying an additional 123 shares in the last quarter. R Squared Ltd bought a new position in Freshpet during the fourth quarter valued at approximately $39,000. Finally, IFP Advisors Inc purchased a new position in shares of Freshpet during the fourth quarter worth approximately $43,000.

Analyst Ratings Changes

Several equities analysts recently commented on FRPT shares. Truist Financial reduced their target price on shares of Freshpet from $140.00 to $110.00 and set a "buy" rating on the stock in a report on Monday. Piper Sandler decreased their price objective on Freshpet from $160.00 to $145.00 and set an "overweight" rating on the stock in a report on Tuesday, March 25th. Oppenheimer cut Freshpet from an "outperform" rating to a "market perform" rating in a report on Tuesday, March 11th. Stifel Nicolaus reduced their price target on Freshpet from $155.00 to $135.00 and set a "buy" rating on the stock in a research report on Monday, March 10th. Finally, Wells Fargo & Company lowered their price objective on Freshpet from $170.00 to $142.00 and set an "overweight" rating for the company in a research report on Friday, February 21st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $148.67.

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Freshpet Trading Up 1.6 %

Shares of NASDAQ:FRPT traded up $1.30 on Tuesday, hitting $84.47. The company had a trading volume of 935,196 shares, compared to its average volume of 1,427,997. The firm's 50-day simple moving average is $116.69 and its two-hundred day simple moving average is $135.35. The firm has a market capitalization of $4.12 billion, a price-to-earnings ratio of 89.86 and a beta of 1.58. 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 $80.27 and a 1 year high of $164.07.

Freshpet (NASDAQ:FRPT - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.36 EPS 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 business had revenue of $262.71 million during the quarter, compared to analyst estimates of $275.46 million. Equities analysts anticipate that Freshpet, Inc. will post 1.55 earnings per share for the current fiscal year.

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.