Dimensional Fund Advisors LP Has $123.71 Million Holdings in Freshpet, Inc. (NASDAQ:FRPT)

Dimensional Fund Advisors LP decreased its position in shares of Freshpet, Inc. (NASDAQ:FRPT - Free Report) by 6.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 835,212 shares of the company's stock after selling 61,067 shares during the period. Dimensional Fund Advisors LP owned 1.72% of Freshpet worth $123,707,000 at the end of the most recent quarter.

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

Freshpet Stock Down 0.5 %

Shares of NASDAQ FRPT traded down $0.37 during mid-day trading on Wednesday, reaching $73.54. The company had a trading volume of 1,284,654 shares, compared to its average volume of 815,911. The stock has a fifty day moving average of $85.61 and a two-hundred day moving average of $125.66. Freshpet, Inc. has a 12-month low of $71.19 and a 12-month high of $164.07. The company has a market capitalization of $3.58 billion, a price-to-earnings ratio of 78.23 and a beta of 1.80. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.91 and a current ratio of 4.72.

Freshpet (NASDAQ:FRPT - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported $0.36 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.36. Freshpet had a net margin of 4.81% and a return on equity of 3.92%. The company had revenue of $262.71 million during the quarter, compared to the consensus estimate of $275.46 million. As a group, equities research analysts expect that Freshpet, Inc. will post 1.55 EPS for the current year.

Analyst Upgrades and Downgrades

FRPT has been the topic of a number of research reports. Wells Fargo & Company dropped their target price on shares of Freshpet from $142.00 to $110.00 and set an "overweight" rating on the stock in a report on Wednesday, April 2nd. Benchmark dropped their price target on Freshpet from $195.00 to $140.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. Stifel Nicolaus reduced their price objective on Freshpet from $135.00 to $115.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Citigroup cut their target price on Freshpet from $155.00 to $142.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 12th. Finally, Piper Sandler reduced their target price on Freshpet from $160.00 to $145.00 and set an "overweight" rating for the company in a report on Tuesday, March 25th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, Freshpet has a consensus rating of "Moderate Buy" and a consensus target price of $138.80.

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.