Freshpet, Inc. (NASDAQ:FRPT) Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. lifted its stake in Freshpet, Inc. (NASDAQ:FRPT - Free Report) by 1.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 4,652,556 shares of the company's stock after acquiring an additional 46,844 shares during the quarter. Vanguard Group Inc. owned 9.58% of Freshpet worth $689,090,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in FRPT. Geneos Wealth Management Inc. lifted its stake in Freshpet by 302.0% during the fourth quarter. Geneos Wealth Management Inc. now owns 201 shares of the company's stock worth $30,000 after purchasing an additional 151 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Freshpet during the 3rd quarter worth approximately $32,000. Jones Financial Companies Lllp lifted its holdings in Freshpet by 130.9% during the 4th quarter. Jones Financial Companies Lllp now owns 217 shares of the company's stock worth $32,000 after buying an additional 123 shares in the last quarter. R Squared Ltd purchased a new position in Freshpet in the 4th quarter valued at approximately $39,000. Finally, IFP Advisors Inc purchased a new stake in shares of Freshpet during the fourth quarter worth $43,000.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. JPMorgan Chase & Co. decreased their target price on Freshpet from $154.00 to $102.00 and set an "overweight" rating for the company in a report on Monday, March 10th. Jefferies Financial Group raised Freshpet from a "hold" rating to a "buy" rating and lowered their price objective for the stock from $155.00 to $150.00 in a research report on Monday, February 24th. Oppenheimer downgraded shares of Freshpet from an "outperform" rating to a "market perform" rating in a research report on Tuesday, March 11th. Stifel Nicolaus dropped their price target on shares of Freshpet from $155.00 to $135.00 and set a "buy" rating on the stock in a research note on Monday, March 10th. Finally, Wells Fargo & Company cut their target price on Freshpet from $170.00 to $142.00 and set an "overweight" rating on the stock in a research report on Friday, February 21st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, Freshpet presently has an average rating of "Moderate Buy" and a consensus target price of $148.67.

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Freshpet Stock Performance

FRPT traded up $1.30 during trading on Tuesday, hitting $84.47. The stock had a trading volume of 935,196 shares, compared to its average volume of 760,125. The firm has a market capitalization of $4.12 billion, a P/E ratio of 89.86 and a beta of 1.58. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.91 and a current ratio of 4.72. Freshpet, Inc. has a twelve month low of $80.27 and a twelve month high of $164.07. The company's 50-day moving average price is $115.25 and its 200 day moving average price is $134.96.

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