William Blair Investment Management LLC trimmed its stake in Freshpet, Inc. (NASDAQ:FRPT - Free Report) by 39.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 886,618 shares of the company's stock after selling 579,910 shares during the period. William Blair Investment Management LLC owned about 1.83% of Freshpet worth $131,317,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of FRPT. Atria Investments Inc lifted its position in shares of Freshpet by 5.5% in the 3rd quarter. Atria Investments Inc now owns 5,049 shares of the company's stock worth $691,000 after purchasing an additional 265 shares during the period. KBC Group NV raised its stake in Freshpet by 0.8% during the third quarter. KBC Group NV now owns 24,869 shares of the company's stock worth $3,401,000 after buying an additional 186 shares during the last quarter. Natixis Advisors LLC acquired a new position in Freshpet in the third quarter valued at $1,433,000. GLOBALT Investments LLC GA boosted its position in 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. Finally, Savoir Faire Capital Management L.P. grew its holdings in Freshpet by 119.7% during the 3rd quarter. Savoir Faire Capital Management L.P. now owns 53,391 shares of the company's stock worth $7,302,000 after acquiring an additional 29,091 shares during the period.
Freshpet Stock Up 0.8 %
Shares of FRPT stock traded up $0.72 on Thursday, hitting $86.42. The stock had a trading volume of 1,351,151 shares, compared to its average volume of 699,936. Freshpet, Inc. has a 12-month low of $80.27 and a 12-month high of $164.07. The stock has a market cap of $4.21 billion, a price-to-earnings ratio of 91.94 and a beta of 1.58. The business has a 50 day moving average of $127.16 and a 200 day moving average of $138.23. The company has a debt-to-equity ratio of 0.41, a current ratio of 4.72 and a quick ratio of 3.91.
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, meeting the consensus estimate of $0.36. Freshpet had a net margin of 4.81% and a return on equity of 3.92%. The firm had revenue of $262.71 million during the quarter, compared to analyst estimates of $275.46 million. As a group, analysts expect that Freshpet, Inc. will post 1.55 EPS for the current year.
Analyst Ratings Changes
A number of research analysts have recently issued reports on the company. Oppenheimer downgraded Freshpet from an "outperform" rating to a "market perform" rating in a research note on Tuesday, March 11th. StockNews.com lowered shares of Freshpet from a "hold" rating to a "sell" rating in a report on Wednesday, November 20th. Stifel Nicolaus reduced their target price on Freshpet from $155.00 to $135.00 and set a "buy" rating for the company in a research note on Monday, March 10th. Wells Fargo & Company dropped their price target on Freshpet from $170.00 to $142.00 and set an "overweight" rating on the stock in a research note on Friday, February 21st. Finally, JPMorgan Chase & Co. cut their price target on Freshpet from $154.00 to $102.00 and set an "overweight" rating on the stock in a report on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, Freshpet currently has a consensus rating of "Moderate Buy" and an average target price of $151.67.
Read Our Latest Report on FRPT
About Freshpet
(
Free Report)
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.
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