DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Buys 52,352 Shares of Freshpet, Inc. (NASDAQ:FRPT)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its holdings in Freshpet, Inc. (NASDAQ:FRPT - Free Report) by 538.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 62,077 shares of the company's stock after buying an additional 52,352 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main owned about 0.13% of Freshpet worth $9,194,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Freshpet by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 4,652,556 shares of the company's stock valued at $689,090,000 after purchasing an additional 46,844 shares during the last quarter. WCM Investment Management LLC raised its position in Freshpet by 4.0% in the fourth quarter. WCM Investment Management LLC now owns 2,881,855 shares of the company's stock worth $430,809,000 after acquiring an additional 110,478 shares during the period. Geode Capital Management LLC boosted its stake in Freshpet by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 844,744 shares of the company's stock valued at $127,446,000 after acquiring an additional 9,081 shares during the last quarter. Driehaus Capital Management LLC grew its position in shares of Freshpet by 5.1% during the 4th quarter. Driehaus Capital Management LLC now owns 810,646 shares of the company's stock valued at $120,065,000 after acquiring an additional 39,129 shares during the period. Finally, Norges Bank purchased a new stake in shares of Freshpet during the 4th quarter worth approximately $75,253,000.

Wall Street Analyst Weigh In

FRPT has been the topic of several research reports. Truist Financial lowered shares of Freshpet from a "buy" rating to a "hold" rating and lowered their price target for the company from $90.00 to $80.00 in a research report on Wednesday, April 30th. JPMorgan Chase & Co. cut their price objective on Freshpet from $91.00 to $85.00 and set a "neutral" rating for the company in a report on Tuesday, May 6th. Oppenheimer cut Freshpet from an "outperform" rating to a "market perform" rating in a report on Tuesday, March 11th. Piper Sandler decreased their price target on shares of Freshpet from $160.00 to $145.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 25th. Finally, Benchmark decreased their target price on shares of Freshpet from $140.00 to $120.00 and set a "buy" rating on the stock in a research report on Tuesday, May 6th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $135.73.

Freshpet Stock Down 2.9%

Shares of NASDAQ FRPT traded down $2.31 during midday trading on Tuesday, hitting $77.31. The stock had a trading volume of 1,417,737 shares, compared to its average volume of 842,333. The company has a quick ratio of 3.91, a current ratio of 4.72 and a debt-to-equity ratio of 0.41. The company has a market cap of $3.77 billion, a P/E ratio of 82.24 and a beta of 1.85. The business's 50 day moving average is $80.99 and its 200-day moving average is $121.51. Freshpet, Inc. has a 52 week low of $71.19 and a 52 week high of $164.07.

Freshpet (NASDAQ:FRPT - Get Free Report) last announced its 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). The business had revenue of $263.25 million for the quarter, compared to the consensus estimate of $265.57 million. Freshpet had a net margin of 4.81% and a return on equity of 3.92%. The business's quarterly revenue was up 17.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.37 earnings per share. As a group, analysts predict that Freshpet, Inc. will post 1.55 EPS for the current year.

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.