Mitsubishi UFJ Trust & Banking Corp Sells 12,548 Shares of Freshpet, Inc. (NASDAQ:FRPT)

Mitsubishi UFJ Trust & Banking Corp reduced its stake in shares of Freshpet, Inc. (NASDAQ:FRPT - Free Report) by 11.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 96,054 shares of the company's stock after selling 12,548 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned 0.20% of Freshpet worth $14,227,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of the company. Geneos Wealth Management Inc. boosted its holdings in Freshpet by 302.0% in the fourth quarter. Geneos Wealth Management Inc. now owns 201 shares of the company's stock worth $30,000 after purchasing an additional 151 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of Freshpet during the 3rd quarter valued at about $32,000. Jones Financial Companies Lllp raised its stake in Freshpet by 130.9% during the fourth quarter. Jones Financial Companies Lllp now owns 217 shares of the company's stock worth $32,000 after acquiring an additional 123 shares during the period. R Squared Ltd bought a new position in Freshpet in the fourth quarter worth about $39,000. Finally, IFP Advisors Inc bought a new position in shares of Freshpet during the fourth quarter valued at approximately $43,000.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on FRPT shares. Citigroup decreased their target price 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 dropped their price target on Freshpet from $160.00 to $145.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 25th. JPMorgan Chase & Co. reduced their price objective on shares of Freshpet from $154.00 to $102.00 and set an "overweight" rating for the company in a research note on Monday, March 10th. Jefferies Financial Group raised shares of Freshpet from a "hold" rating to a "buy" rating and dropped their target price for the stock from $155.00 to $150.00 in a research report on Monday, February 24th. Finally, Stifel Nicolaus reduced their price target on shares of Freshpet from $155.00 to $135.00 and set a "buy" rating for the company in a research report on Monday, March 10th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $146.53.

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Freshpet Trading Up 0.7 %

FRPT stock traded up $0.62 during trading on Wednesday, hitting $85.09. The company had a trading volume of 210,554 shares, compared to its average volume of 1,408,165. The stock has a market cap of $4.15 billion, a price-to-earnings ratio of 90.45 and a beta of 1.80. The company has a quick ratio of 3.91, a current ratio of 4.72 and a debt-to-equity ratio of 0.41. The firm has a 50-day moving average price of $115.25 and a 200-day moving average price of $134.96. Freshpet, Inc. has a 12 month low of $80.27 and a 12 month high of $164.07.

Freshpet (NASDAQ:FRPT - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported $0.36 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.36. Freshpet had a net margin of 4.81% and a return on equity of 3.92%. The company had revenue of $262.71 million for the quarter, compared to the consensus estimate of $275.46 million. As a group, analysts predict that Freshpet, Inc. will post 1.55 earnings per share for the current 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.