Ensign Peak Advisors Inc Purchases 6,776 Shares of Freshpet, Inc. (NASDAQ:FRPT)

Ensign Peak Advisors Inc increased its position in Freshpet, Inc. (NASDAQ:FRPT - Free Report) by 7.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 98,481 shares of the company's stock after purchasing an additional 6,776 shares during the period. Ensign Peak Advisors Inc owned approximately 0.20% of Freshpet worth $14,586,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Wilmington Savings Fund Society FSB purchased a new stake in shares of Freshpet in the third quarter worth approximately $32,000. GAMMA Investing LLC raised its position in Freshpet by 19.1% in the 4th quarter. GAMMA Investing LLC now owns 573 shares of the company's stock valued at $85,000 after buying an additional 92 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in Freshpet by 1.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,887 shares of the company's stock valued at $805,000 after acquiring an additional 75 shares in the last quarter. Breakwater Capital Group bought a new stake in shares of Freshpet in the 4th quarter worth $251,000. Finally, Park Avenue Securities LLC bought a new stake in shares of Freshpet in the 4th quarter worth $585,000.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Robert W. Baird dropped their target price on shares of Freshpet from $125.00 to $115.00 and set an "outperform" rating on the stock in a research report on Tuesday, May 6th. JPMorgan Chase & Co. cut their price objective on Freshpet from $91.00 to $85.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 6th. Truist Financial downgraded shares of Freshpet from a "buy" rating to a "hold" rating and cut their price target for the stock from $90.00 to $80.00 in a report on Wednesday, April 30th. Stifel Nicolaus decreased 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. Finally, Piper Sandler reduced 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. One research 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. Based on data from MarketBeat.com, Freshpet has a consensus rating of "Moderate Buy" and an average price target of $135.73.

Freshpet Price Performance

NASDAQ FRPT traded up $4.50 on Thursday, hitting $83.28. The stock had a trading volume of 1,185,475 shares, compared to its average volume of 845,868. The firm has a 50-day moving average of $80.63 and a 200-day moving average of $121.22. 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, Inc. has a 52-week low of $71.19 and a 52-week high of $164.07. The company has a market capitalization of $4.06 billion, a price-to-earnings ratio of 88.60 and a beta of 1.85.

Freshpet (NASDAQ:FRPT - Get Free Report) last posted its quarterly earnings data 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%. Freshpet's quarterly revenue was up 17.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.37 EPS. Equities analysts expect that Freshpet, Inc. will post 1.55 EPS for the current year.

About Freshpet

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.