Thrivent Financial for Lutherans Acquires New Shares in Freshpet, Inc. (NASDAQ:FRPT)

Thrivent Financial for Lutherans purchased a new position in shares of Freshpet, Inc. (NASDAQ:FRPT - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 3,306 shares of the company's stock, valued at approximately $517,000.

Other institutional investors have also recently bought and sold shares of the company. Cerity Partners LLC acquired a new stake in shares of Freshpet in the third quarter valued at approximately $1,044,000. The Manufacturers Life Insurance Company raised its stake in Freshpet by 2.9% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 11,848 shares of the company's stock valued at $1,620,000 after acquiring an additional 336 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Freshpet by 9.7% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,913 shares of the company's stock valued at $1,493,000 after purchasing an additional 966 shares during the last quarter. Captrust Financial Advisors boosted its position in Freshpet by 2.8% during the third quarter. Captrust Financial Advisors now owns 7,571 shares of the company's stock worth $1,035,000 after purchasing an additional 209 shares during the period. Finally, Erste Asset Management GmbH acquired a new position in shares of Freshpet in the third quarter valued at $571,000.

Analysts Set New Price Targets

A number of analysts have recently issued reports on FRPT shares. Jefferies Financial Group upgraded shares of Freshpet from a "hold" rating to a "buy" rating and cut their target price for the stock from $155.00 to $150.00 in a research note on Monday, February 24th. Piper Sandler cut their price objective on shares of Freshpet from $160.00 to $145.00 and set an "overweight" rating for the company in a research report on Tuesday, March 25th. JPMorgan Chase & Co. decreased their target price on Freshpet from $154.00 to $102.00 and set an "overweight" rating on the stock in a research report on Monday, March 10th. Truist Financial lowered their target price on Freshpet from $140.00 to $110.00 and set a "buy" rating on the stock in a research note on Monday, March 31st. Finally, Citigroup reduced 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 investment analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $146.53.

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Freshpet Price Performance

Shares of FRPT traded down $5.57 during trading hours on Tuesday, hitting $74.13. 1,565,628 shares of the company were exchanged, compared to its average volume of 777,803. 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 fifty-two week low of $73.46 and a fifty-two week high of $164.07. The company has a market cap of $3.61 billion, a price-to-earnings ratio of 78.86 and a beta of 1.80. The firm's fifty day moving average is $105.63 and its 200 day moving average is $132.41.

Freshpet (NASDAQ:FRPT - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.36 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.36. The firm had revenue of $262.71 million for the quarter, compared to the consensus estimate of $275.46 million. Freshpet had a net margin of 4.81% and a return on equity of 3.92%. On average, equities 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.