Savoir Faire Capital Management L.P. Has $7.25 Million Stake in Freshpet, Inc. (NASDAQ:FRPT)

Savoir Faire Capital Management L.P. lowered its holdings in Freshpet, Inc. (NASDAQ:FRPT - Free Report) by 8.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 48,919 shares of the company's stock after selling 4,472 shares during the period. Freshpet comprises 3.4% of Savoir Faire Capital Management L.P.'s portfolio, making the stock its 11th largest position. Savoir Faire Capital Management L.P. owned 0.10% of Freshpet worth $7,245,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of FRPT. Norges Bank bought a new stake in shares of Freshpet during the 4th quarter valued at about $75,253,000. Allspring Global Investments Holdings LLC boosted its position in Freshpet by 198.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 381,385 shares of the company's stock valued at $55,065,000 after purchasing an additional 253,679 shares during the period. Point72 Asset Management L.P. grew its stake in Freshpet by 391.5% during the 3rd quarter. Point72 Asset Management L.P. now owns 234,626 shares of the company's stock worth $32,090,000 after buying an additional 186,889 shares during the last quarter. WCM Investment Management LLC increased its position in Freshpet by 4.0% in the fourth quarter. WCM Investment Management LLC now owns 2,881,855 shares of the company's stock worth $430,809,000 after buying an additional 110,478 shares during the period. Finally, Sei Investments Co. lifted its stake in Freshpet by 46.1% in the fourth quarter. Sei Investments Co. now owns 314,705 shares of the company's stock valued at $46,610,000 after buying an additional 99,241 shares during the last quarter.

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Analysts Set New Price Targets

FRPT has been the subject of several analyst reports. Oppenheimer downgraded Freshpet from an "outperform" rating to a "market perform" rating in a research report on Tuesday, March 11th. Wells Fargo & Company lowered their target price on shares of Freshpet from $142.00 to $110.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 2nd. Jefferies Financial Group raised shares of Freshpet from a "hold" rating to a "buy" rating and reduced their price target for the stock from $155.00 to $150.00 in a research note on Monday, February 24th. Stifel Nicolaus dropped their target price on Freshpet from $155.00 to $135.00 and set a "buy" rating on the stock in a report on Monday, March 10th. Finally, Citigroup decreased their price target on Freshpet from $155.00 to $142.00 and set a "neutral" rating for the company in a research note on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Freshpet has an average rating of "Moderate Buy" and an average target price of $146.53.

Freshpet Trading Up 0.6 %

Shares of Freshpet stock traded up $0.45 during trading on Wednesday, hitting $74.58. The stock had a trading volume of 215,680 shares, compared to its average volume of 775,654. 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 company has a market capitalization of $3.63 billion, a PE ratio of 79.19 and a beta of 1.80. Freshpet, Inc. has a 1 year low of $71.75 and a 1 year high of $164.07. The stock has a 50 day simple moving average of $105.63 and a 200 day simple moving average of $132.41.

Freshpet (NASDAQ:FRPT - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.36 earnings per share for the quarter, hitting the consensus estimate of $0.36. The firm had revenue of $262.71 million for the quarter, compared to analysts' expectations of $275.46 million. Freshpet had a net margin of 4.81% and a return on equity of 3.92%. On average, research analysts expect that Freshpet, Inc. will post 1.55 EPS for the current fiscal year.

About Freshpet

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.