Susquehanna Fundamental Investments LLC Buys Shares of 4,527 Freshpet, Inc. (NASDAQ:FRPT)

Susquehanna Fundamental Investments LLC acquired a new position in shares of Freshpet, Inc. (NASDAQ:FRPT - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 4,527 shares of the company's stock, valued at approximately $670,000.

A number of other institutional investors have also recently bought and sold shares of FRPT. Lecap Asset Management Ltd. acquired a new position in shares of Freshpet in the 4th quarter valued at about $817,000. Principal Financial Group Inc. raised its position in Freshpet by 36.4% in the fourth quarter. Principal Financial Group Inc. now owns 107,657 shares of the company's stock valued at $15,945,000 after purchasing an additional 28,743 shares during the period. Victory Capital Management Inc. raised its position in Freshpet by 1.7% in the fourth quarter. Victory Capital Management Inc. now owns 135,629 shares of the company's stock valued at $20,088,000 after purchasing an additional 2,291 shares during the period. Natixis Advisors LLC lifted its stake in shares of Freshpet by 406.4% during the fourth quarter. Natixis Advisors LLC now owns 53,066 shares of the company's stock worth $7,860,000 after purchasing an additional 42,587 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of Freshpet by 198.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 381,385 shares of the company's stock worth $55,065,000 after buying an additional 253,679 shares during the period.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Wells Fargo & Company reduced their price target on Freshpet from $110.00 to $100.00 and set an "overweight" rating on the stock in a research report on Tuesday. Truist Financial downgraded shares of Freshpet from a "buy" rating to a "hold" rating and dropped their target price for the stock from $90.00 to $80.00 in a research report on Wednesday, April 30th. Citigroup dropped their target price on shares of Freshpet from $155.00 to $142.00 and set a "neutral" rating on the stock in a report on Wednesday, February 12th. Benchmark cut their target price on shares of Freshpet from $140.00 to $120.00 and set a "buy" rating on the stock in a report on Tuesday. Finally, Stifel Nicolaus dropped their target price on Freshpet from $135.00 to $115.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, Freshpet presently has a consensus rating of "Moderate Buy" and an average target price of $135.73.

Freshpet Price Performance

Shares of FRPT stock traded up $0.66 during trading hours on Wednesday, reaching $81.58. 625,042 shares of the company were exchanged, compared to its average volume of 833,089. The company has a debt-to-equity ratio of 0.41, a current ratio of 4.72 and a quick ratio of 3.91. The stock's fifty day moving average is $82.68 and its two-hundred day moving average is $123.39. Freshpet, Inc. has a fifty-two week low of $71.19 and a fifty-two week high of $164.07. The company has a market cap of $3.97 billion, a price-to-earnings ratio of 86.71 and a beta of 1.85.

Freshpet (NASDAQ:FRPT - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.04). Freshpet had a return on equity of 3.92% and a net margin of 4.81%. The firm had revenue of $263.25 million for the quarter, compared to the consensus estimate of $265.57 million. During the same period in the prior year, the firm posted $0.37 earnings per share. The business's revenue for the quarter was up 17.6% compared to the same quarter last year. Sell-side analysts forecast that Freshpet, Inc. will post 1.55 earnings per share 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.