Proficio Capital Partners LLC Makes New $2.11 Million Investment in Freshpet, Inc. (NASDAQ:FRPT)

Proficio Capital Partners LLC bought a new stake in Freshpet, Inc. (NASDAQ:FRPT - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 14,219 shares of the company's stock, valued at approximately $2,106,000.

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

Analyst Upgrades and Downgrades

Several brokerages recently commented on FRPT. JPMorgan Chase & Co. cut their price target on shares of Freshpet from $154.00 to $102.00 and set an "overweight" rating on the stock in a research note on Monday, March 10th. Citigroup cut their price target on shares of Freshpet from $155.00 to $142.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 12th. Truist Financial reiterated a "buy" rating and set a $140.00 price target (down from $170.00) on shares of Freshpet in a research note on Tuesday, February 25th. Wells Fargo & Company dropped their price objective on shares of Freshpet from $170.00 to $142.00 and set an "overweight" rating on the stock in a research note on Friday, February 21st. Finally, Oppenheimer lowered shares of Freshpet from an "outperform" rating to a "market perform" rating in a research note on Tuesday, March 11th. 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 stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $151.67.

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Freshpet Stock Performance

Shares of Freshpet stock traded up $0.22 on Friday, reaching $86.64. 9,845,027 shares of the stock were exchanged, compared to its average volume of 731,115. Freshpet, Inc. has a 1-year low of $80.27 and a 1-year high of $164.07. The company has a current ratio of 4.72, a quick ratio of 3.91 and a debt-to-equity ratio of 0.41. The business has a fifty day moving average price of $124.80 and a two-hundred day moving average price of $137.53. The firm 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 issued its quarterly earnings results on Thursday, February 20th. The company reported $0.36 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $275.46 million. As a group, research analysts anticipate that Freshpet, Inc. will post 1.55 earnings per share for the current fiscal year.

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.