Quantbot Technologies LP lessened its holdings in Freshpet, Inc. (NASDAQ:FRPT - Free Report) by 52.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,195 shares of the company's stock after selling 14,677 shares during the quarter. Quantbot Technologies LP's holdings in Freshpet were worth $1,954,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Geneos Wealth Management Inc. grew its position in Freshpet by 302.0% in the fourth quarter. Geneos Wealth Management Inc. now owns 201 shares of the company's stock valued at $30,000 after acquiring an additional 151 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Freshpet in the 3rd quarter valued at approximately $32,000. Jones Financial Companies Lllp grew its holdings in shares of Freshpet by 130.9% during the 4th quarter. Jones Financial Companies Lllp now owns 217 shares of the company's stock valued at $32,000 after purchasing an additional 123 shares during the last quarter. R Squared Ltd acquired a new position in Freshpet during the 4th quarter worth approximately $39,000. Finally, IFP Advisors Inc bought a new position in Freshpet in the 4th quarter valued at approximately $43,000.
Freshpet Trading Up 1.6 %
Shares of Freshpet stock traded up $1.35 on Thursday, reaching $86.65. 788,771 shares of the company's stock were exchanged, compared to its average volume of 739,097. The company has a market capitalization of $4.22 billion, a P/E ratio of 92.18 and a beta of 1.58. 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 quick ratio of 3.91 and a current ratio of 4.72. The firm's 50-day moving average is $120.98 and its two-hundred day moving average is $136.47.
Freshpet (NASDAQ:FRPT - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported $0.36 earnings per share (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 for the quarter, compared to analyst estimates of $275.46 million. Sell-side analysts predict that Freshpet, Inc. will post 1.55 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Several brokerages have recently issued reports on FRPT. JPMorgan Chase & Co. lowered their price target on shares of Freshpet from $154.00 to $102.00 and set an "overweight" rating for the company in a report on Monday, March 10th. Stifel Nicolaus reduced their price target on Freshpet from $155.00 to $135.00 and set a "buy" rating on the stock in a report on Monday, March 10th. Citigroup dropped their price objective on shares of Freshpet from $155.00 to $142.00 and set a "neutral" rating for the company in a report on Wednesday, February 12th. Piper Sandler reduced their target price on shares of Freshpet from $160.00 to $145.00 and set an "overweight" rating on the stock in a report on Tuesday. Finally, Wells Fargo & Company dropped their price target on shares of Freshpet from $170.00 to $142.00 and set an "overweight" rating for the company in a research note on Friday, February 21st. 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 stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $150.67.
Check Out Our Latest Report on FRPT
Freshpet Profile
(
Free Report)
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.
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