Trexquant Investment LP Acquires Shares of 26,908 Freshpet, Inc. (NASDAQ:FRPT)

Trexquant Investment LP bought a new stake in shares of Freshpet, Inc. (NASDAQ:FRPT - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 26,908 shares of the company's stock, valued at approximately $3,985,000. Trexquant Investment LP owned 0.06% of Freshpet as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. The Manufacturers Life Insurance Company grew its stake in Freshpet by 2.9% during the third quarter. The Manufacturers Life Insurance Company now owns 11,848 shares of the company's stock worth $1,620,000 after buying an additional 336 shares in the last quarter. Captrust Financial Advisors boosted its position in shares of Freshpet by 2.8% during the 3rd quarter. Captrust Financial Advisors now owns 7,571 shares of the company's stock worth $1,035,000 after acquiring an additional 209 shares in the last quarter. Centiva Capital LP increased its stake in Freshpet by 224.5% in the third quarter. Centiva Capital LP now owns 5,240 shares of the company's stock valued at $717,000 after acquiring an additional 3,625 shares during the last quarter. XTX Topco Ltd acquired a new position in Freshpet during the third quarter valued at approximately $202,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in Freshpet during the third quarter worth $656,000.

Freshpet Stock Down 7.1 %

Shares of Freshpet stock traded down $5.86 during trading hours on Thursday, reaching $77.02. The company's stock had a trading volume of 534,462 shares, compared to its average volume of 782,465. The company has a market capitalization of $3.75 billion, a P/E ratio of 82.23 and a beta of 1.80. The stock's fifty day simple moving average is $102.50 and its two-hundred day simple moving average is $131.67. Freshpet, Inc. has a one year low of $72.90 and a one year 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.

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Freshpet (NASDAQ:FRPT - Get Free Report) last released its quarterly 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. The business had revenue of $262.71 million during the quarter, compared to the consensus estimate of $275.46 million. Freshpet had a return on equity of 3.92% and a net margin of 4.81%. On average, research analysts forecast that Freshpet, Inc. will post 1.55 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on FRPT. Truist Financial reduced their price objective on Freshpet from $140.00 to $110.00 and set a "buy" rating on the stock in a research note on Monday, March 31st. Jefferies Financial Group upgraded shares of Freshpet from a "hold" rating to a "buy" rating and reduced their price target for the company from $155.00 to $150.00 in a research note on Monday, February 24th. Citigroup lowered their target price on Freshpet from $155.00 to $142.00 and set a "neutral" rating for the company in a report on Wednesday, February 12th. Wells Fargo & Company reduced their price target on Freshpet from $142.00 to $110.00 and set an "overweight" rating on the stock in a report on Wednesday, April 2nd. Finally, Oppenheimer downgraded shares of Freshpet from an "outperform" rating to a "market perform" rating in a research report on Tuesday, March 11th. One analyst has rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $144.47.

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.