Wellington Management Group LLP Sells 108,163 Shares of Freshpet, Inc. (NASDAQ:FRPT)

Wellington Management Group LLP decreased its position in shares of Freshpet, Inc. (NASDAQ:FRPT - Free Report) by 4.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,419,323 shares of the company's stock after selling 108,163 shares during the quarter. Wellington Management Group LLP owned approximately 4.97% of Freshpet worth $358,326,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Cerity Partners LLC bought a new stake in Freshpet during the 3rd quarter worth about $1,044,000. The Manufacturers Life Insurance Company lifted its holdings in shares of 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 purchasing an additional 336 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Freshpet by 9.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,913 shares of the company's stock worth $1,493,000 after acquiring an additional 966 shares in the last quarter. Captrust Financial Advisors increased its holdings in shares of Freshpet by 2.8% during the third quarter. Captrust Financial Advisors now owns 7,571 shares of the company's stock valued at $1,035,000 after acquiring an additional 209 shares in the last quarter. Finally, Erste Asset Management GmbH purchased a new stake in shares of Freshpet in the third quarter worth approximately $571,000.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on FRPT. Truist Financial reduced their price target on Freshpet from $140.00 to $110.00 and set a "buy" rating for the company in a research report on Monday, March 31st. Wells Fargo & Company dropped their price target on shares of Freshpet from $142.00 to $110.00 and set an "overweight" rating on the stock in a report on Wednesday. Citigroup cut their price objective on Freshpet from $155.00 to $142.00 and set a "neutral" rating for the company in a research note on Wednesday, February 12th. Stifel Nicolaus dropped their price target on Freshpet from $155.00 to $135.00 and set a "buy" rating for the company in a research note on Monday, March 10th. Finally, Oppenheimer lowered Freshpet from an "outperform" rating to a "market perform" rating in a research report on Tuesday, March 11th. One research analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $146.53.

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Freshpet Stock Performance

FRPT stock traded down $1.71 during trading on Friday, hitting $79.49. 1,749,998 shares of the company's stock traded hands, compared to its average volume of 769,451. 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 stock has a fifty day moving average price of $110.68 and a two-hundred day moving average price of $133.73. Freshpet, Inc. has a 52 week low of $77.15 and a 52 week high of $164.07. The stock has a market capitalization of $3.87 billion, a price-to-earnings ratio of 84.56 and a beta of 1.80.

Freshpet (NASDAQ:FRPT - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.36 EPS for the quarter, hitting analysts' consensus estimates of $0.36. Freshpet had a return on equity of 3.92% and a net margin of 4.81%. The company had revenue of $262.71 million for the quarter, compared to the consensus estimate of $275.46 million. As a group, equities analysts anticipate that Freshpet, Inc. will post 1.55 EPS 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.