Freshpet, Inc. (NASDAQ:FRPT) Shares Acquired by Ameriprise Financial Inc.

Ameriprise Financial Inc. lifted its stake in Freshpet, Inc. (NASDAQ:FRPT - Free Report) by 11.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 335,097 shares of the company's stock after purchasing an additional 33,078 shares during the period. Ameriprise Financial Inc. owned 0.69% of Freshpet worth $49,631,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of FRPT. Geneos Wealth Management Inc. lifted its position in Freshpet by 302.0% during the 4th quarter. Geneos Wealth Management Inc. now owns 201 shares of the company's stock valued at $30,000 after acquiring an additional 151 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in Freshpet during the 3rd quarter valued at about $32,000. Jones Financial Companies Lllp increased its stake in Freshpet by 130.9% during the 4th quarter. Jones Financial Companies Lllp now owns 217 shares of the company's stock valued at $32,000 after purchasing an additional 123 shares in the last quarter. R Squared Ltd bought a new stake in Freshpet during the 4th quarter valued at about $39,000. Finally, IFP Advisors Inc bought a new stake in Freshpet during the 4th quarter valued at about $43,000.

Freshpet Stock Performance

Shares of Freshpet stock traded up $4.81 during trading hours on Friday, hitting $88.09. 407,058 shares of the company were exchanged, compared to its average volume of 845,673. The business has a 50-day moving average of $80.60 and a 200-day moving average of $120.87. The stock has a market capitalization of $4.30 billion, a price-to-earnings ratio of 93.44 and a beta of 1.85. The company has a current ratio of 4.72, a quick ratio of 3.91 and a debt-to-equity ratio of 0.41. Freshpet, Inc. has a 1 year low of $71.19 and a 1 year high of $164.07.

Freshpet (NASDAQ:FRPT - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The company reported $0.09 earnings per share (EPS) 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 analyst estimates of $265.57 million. During the same period in the prior year, the business earned $0.37 earnings per share. Freshpet's revenue for the quarter was up 17.6% on a year-over-year basis. As a group, analysts expect that Freshpet, Inc. will post 1.55 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on FRPT. Stifel Nicolaus reduced their price target on shares of Freshpet from $135.00 to $115.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Piper Sandler cut their target price on shares of Freshpet from $160.00 to $145.00 and set an "overweight" rating for the company in a research report on Tuesday, March 25th. Robert W. Baird cut their target price on shares of Freshpet from $125.00 to $115.00 and set an "outperform" rating for the company in a research report on Tuesday, May 6th. Wells Fargo & Company cut their target price on shares of Freshpet from $110.00 to $100.00 and set an "overweight" rating for the company in a research report on Tuesday, May 6th. Finally, Citigroup cut their target price on shares of Freshpet from $155.00 to $142.00 and set a "neutral" rating for the company in a research report on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $135.73.

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.