Ensign Peak Advisors Inc raised its position in shares of Freshpet, Inc. (NASDAQ:FRPT - Free Report) by 7.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 98,481 shares of the company's stock after buying an additional 6,776 shares during the quarter. Ensign Peak Advisors Inc owned about 0.20% of Freshpet worth $14,586,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB bought a new position in shares of Freshpet during the third quarter valued at approximately $32,000. GAMMA Investing LLC grew its holdings in shares of Freshpet by 19.1% during the fourth quarter. GAMMA Investing LLC now owns 573 shares of the company's stock valued at $85,000 after purchasing an additional 92 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Freshpet by 1.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 5,887 shares of the company's stock valued at $805,000 after purchasing an additional 75 shares during the last quarter. Breakwater Capital Group bought a new position in shares of Freshpet during the fourth quarter valued at approximately $251,000. Finally, Park Avenue Securities LLC bought a new position in shares of Freshpet during the fourth quarter valued at approximately $585,000.
Analyst Ratings Changes
Several research firms have recently commented on FRPT. Stifel Nicolaus lowered their target price on Freshpet from $135.00 to $115.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Truist Financial lowered Freshpet from a "buy" rating to a "hold" rating and lowered their target price for the company from $90.00 to $80.00 in a report on Wednesday, April 30th. Oppenheimer lowered Freshpet from an "outperform" rating to a "market perform" rating in a report on Tuesday, March 11th. Benchmark decreased their price objective on Freshpet from $140.00 to $120.00 and set a "buy" rating for the company in a report on Tuesday, May 6th. Finally, Jefferies Financial Group raised Freshpet from a "hold" rating to a "buy" rating and decreased their price objective for the stock from $155.00 to $150.00 in a report on Monday, February 24th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, Freshpet has an average rating of "Moderate Buy" and a consensus target price of $135.73.
Check Out Our Latest Report on Freshpet
Freshpet Price Performance
NASDAQ FRPT traded up $4.37 on Friday, reaching $87.65. 1,923,281 shares of the stock traded hands, compared to its average volume of 854,485. The firm's fifty day simple moving average is $80.67 and its 200 day simple moving average is $120.45. 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 $4.28 billion, a price-to-earnings ratio of 93.24 and a beta of 1.85. Freshpet, Inc. has a 12 month low of $71.19 and a 12 month high of $164.07.
Freshpet (NASDAQ:FRPT - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.13 by ($0.04). The firm 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 revenue for the quarter was up 17.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.37 earnings per share. As a group, research analysts predict that Freshpet, Inc. will post 1.55 EPS for the current fiscal year.
Freshpet Company Profile
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Free Report)
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.
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