US Bancorp DE Buys 8,380 Shares of Freshpet, Inc. (NASDAQ:FRPT)

US Bancorp DE raised its holdings in shares of Freshpet, Inc. (NASDAQ:FRPT - Free Report) by 100.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,756 shares of the company's stock after buying an additional 8,380 shares during the period. US Bancorp DE's holdings in Freshpet were worth $2,482,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC raised its stake in shares of Freshpet by 1.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 5,887 shares of the company's stock valued at $805,000 after acquiring an additional 75 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Freshpet by 19.1% during the fourth quarter. GAMMA Investing LLC now owns 573 shares of the company's stock valued at $85,000 after acquiring an additional 92 shares during the last quarter. GLOBALT Investments LLC GA raised its stake in shares of Freshpet by 3.2% during the third quarter. GLOBALT Investments LLC GA now owns 3,580 shares of the company's stock valued at $490,000 after acquiring an additional 111 shares during the last quarter. LVW Advisors LLC raised its stake in shares of Freshpet by 5.9% during the fourth quarter. LVW Advisors LLC now owns 2,260 shares of the company's stock valued at $335,000 after acquiring an additional 125 shares during the last quarter. Finally, First Horizon Advisors Inc. raised its stake in shares of Freshpet by 23.0% during the third quarter. First Horizon Advisors Inc. now owns 739 shares of the company's stock valued at $101,000 after acquiring an additional 138 shares during the last quarter.

Remove Ads

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Stifel Nicolaus decreased their price target on shares of Freshpet from $165.00 to $155.00 and set a "buy" rating for the company in a research note on Friday, February 21st. Citigroup decreased their price target on shares of Freshpet from $155.00 to $142.00 and set a "neutral" rating for the company in a research note on Wednesday, February 12th. Wells Fargo & Company decreased 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. StockNews.com downgraded shares of Freshpet from a "hold" rating to a "sell" rating in a research note on Wednesday, November 20th. Finally, Truist Financial reissued a "buy" rating and issued a $140.00 price target (down from $170.00) on shares of Freshpet in a research note on Tuesday, February 25th. One investment 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. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $156.47.

Freshpet Stock Up 6.3 %

Shares of NASDAQ FRPT traded up $5.78 on Friday, reaching $96.86. 1,622,287 shares of the company's stock traded hands, compared to its average volume of 1,171,080. Freshpet, Inc. has a 12 month low of $89.59 and a 12 month high of $164.07. The business's 50 day simple moving average is $136.84 and its two-hundred day simple moving average is $141.04. The company has a market cap of $4.72 billion, a price-to-earnings ratio of 103.04 and a beta of 1.58. 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 (NASDAQ:FRPT - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.36 earnings per share for the quarter, meeting the consensus estimate of $0.36. The company had revenue of $262.71 million during 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%. As a group, equities research analysts forecast that Freshpet, Inc. will post 1.55 EPS for the current fiscal year.

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.