Dark Forest Capital Management LP Takes $2 Million Position in Freshpet, Inc. (NASDAQ:FRPT)

Dark Forest Capital Management LP acquired a new stake in shares of Freshpet, Inc. (NASDAQ:FRPT - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 13,470 shares of the company's stock, valued at approximately $1,995,000.

Several other institutional investors have also bought and sold shares of the stock. Hsbc Holdings PLC raised its stake in shares of Freshpet by 16.2% in the 4th quarter. Hsbc Holdings PLC now owns 26,267 shares of the company's stock worth $3,902,000 after buying an additional 3,666 shares in the last quarter. Stifel Financial Corp boosted its position in shares of Freshpet by 98.5% during the 4th quarter. Stifel Financial Corp now owns 50,152 shares of the company's stock valued at $7,428,000 after purchasing an additional 24,888 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Freshpet by 86.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,926 shares of the company's stock worth $433,000 after purchasing an additional 1,357 shares during the last quarter. MML Investors Services LLC acquired a new stake in Freshpet during the fourth quarter valued at approximately $2,299,000. Finally, Ossiam boosted its stake in shares of Freshpet by 1,613.8% during the 4th quarter. Ossiam now owns 2,725 shares of the company's stock worth $404,000 after acquiring an additional 2,566 shares in the last quarter.

Analysts Set New Price Targets

A number of brokerages have commented on FRPT. Citigroup lowered their target price on Freshpet from $155.00 to $142.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 12th. Piper Sandler cut their price target on shares of Freshpet from $160.00 to $145.00 and set an "overweight" rating on the stock in a report on Tuesday, March 25th. Jefferies Financial Group upgraded Freshpet from a "hold" rating to a "buy" rating and decreased their price target for the stock from $155.00 to $150.00 in a research note on Monday, February 24th. Robert W. Baird set a $125.00 target price on Freshpet in a research report on Wednesday, April 16th. Finally, Benchmark reduced their price objective on shares of Freshpet from $195.00 to $140.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $139.47.

Freshpet Price Performance

Shares of FRPT traded down $1.29 during mid-day trading on Monday, reaching $73.37. The company had a trading volume of 165,222 shares, compared to its average volume of 1,362,407. The company's 50-day moving average is $87.39 and its 200-day moving average is $126.50. Freshpet, Inc. has a twelve month low of $72.19 and a twelve month high of $164.07. The company has a market capitalization of $3.57 billion, a P/E ratio of 78.04 and a beta of 1.80. 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 released its quarterly earnings results on Thursday, February 20th. The company reported $0.36 EPS for the quarter, meeting analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $275.46 million. On average, equities analysts anticipate that Freshpet, Inc. will post 1.55 EPS for the current year.

About Freshpet

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.