BI Asset Management Fondsmaeglerselskab A S Invests $2.07 Million in Freshpet, Inc. (NASDAQ:FRPT)

BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Freshpet, Inc. (NASDAQ:FRPT - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 13,976 shares of the company's stock, valued at approximately $2,070,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Geneos Wealth Management Inc. boosted its holdings in Freshpet by 302.0% in the 4th quarter. Geneos Wealth Management Inc. now owns 201 shares of the company's stock worth $30,000 after buying an additional 151 shares during the period. Wilmington Savings Fund Society FSB bought a new position in Freshpet in the 3rd quarter worth approximately $32,000. Jones Financial Companies Lllp boosted its holdings in Freshpet by 130.9% in 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 during the period. R Squared Ltd bought a new position in Freshpet in the 4th quarter worth approximately $39,000. Finally, IFP Advisors Inc bought a new position in Freshpet in the 4th quarter worth approximately $43,000.

Analyst Ratings Changes

Several research firms recently commented on FRPT. Stifel Nicolaus cut their price objective on shares of Freshpet from $135.00 to $115.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Truist Financial cut their price target on shares of Freshpet from $110.00 to $90.00 and set a "buy" rating for the company in a report on Thursday. Wells Fargo & Company cut their price target on shares of Freshpet from $142.00 to $110.00 and set an "overweight" rating for the company in a report on Wednesday, April 2nd. Benchmark cut their price target on shares of Freshpet from $195.00 to $140.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. Finally, Robert W. Baird set a $125.00 price objective on shares of Freshpet in a research report on Wednesday, April 16th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $139.47.

Freshpet Trading Down 0.6 %

Freshpet stock traded down $0.47 during trading hours on Friday, reaching $74.65. The stock had a trading volume of 747,057 shares, compared to its average volume of 813,053. The stock has a market cap of $3.64 billion, a PE ratio of 79.41 and a beta of 1.80. The company has a fifty day simple moving average of $87.39 and a 200-day simple moving average of $126.50. 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, Inc. has a 52 week low of $72.20 and a 52 week high of $164.07.

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. The business had revenue of $262.71 million during the quarter, compared to analyst estimates of $275.46 million. Freshpet had a return on equity of 3.92% and a net margin of 4.81%. 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.