Amalgamated Bank Purchases 12,131 Shares of Freshpet, Inc. (NASDAQ:FRPT)

Amalgamated Bank grew its position in Freshpet, Inc. (NASDAQ:FRPT - Free Report) by 450.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,823 shares of the company's stock after purchasing an additional 12,131 shares during the quarter. Amalgamated Bank's holdings in Freshpet were worth $1,233,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of FRPT. Jones Financial Companies Lllp raised its position in shares of Freshpet by 130.9% in the fourth quarter. Jones Financial Companies Lllp now owns 217 shares of the company's stock valued at $32,000 after purchasing an additional 123 shares during the period. SBI Securities Co. Ltd. bought a new position in Freshpet during the fourth quarter worth $43,000. Victory Capital Management Inc. increased its position 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. Atria Investments Inc increased its position in Freshpet by 4.2% during the fourth quarter. Atria Investments Inc now owns 5,261 shares of the company's stock worth $779,000 after acquiring an additional 212 shares during the period. Finally, M&T Bank Corp increased its position in Freshpet by 3.2% during the fourth quarter. M&T Bank Corp now owns 2,253 shares of the company's stock worth $333,000 after acquiring an additional 70 shares during the period.

Freshpet Stock Down 5.4%

Shares of NASDAQ:FRPT opened at $67.94 on Tuesday. Freshpet, Inc. has a 52 week low of $66.75 and a 52 week high of $164.07. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.92 and a current ratio of 4.91. The company's fifty day moving average is $77.40 and its 200-day moving average is $101.64. The company has a market capitalization of $3.31 billion, a PE ratio of 219.16, a P/E/G ratio of 1.44 and a beta of 1.79.

Freshpet (NASDAQ:FRPT - Get Free Report) last issued its earnings results on Monday, May 5th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.04). Freshpet had a net margin of 1.54% and a return on equity of 3.16%. The firm had revenue of $263.25 million during the quarter, compared to analyst estimates of $265.57 million. During the same quarter in the prior year, the firm posted $0.37 EPS. The firm's revenue for the quarter was up 17.6% on a year-over-year basis. Equities research analysts predict that Freshpet, Inc. will post 1.55 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on FRPT shares. Benchmark dropped 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. Truist Financial lowered shares of Freshpet from a "buy" rating to a "hold" rating and dropped their target price for the stock from $90.00 to $80.00 in a research report on Wednesday, April 30th. Oppenheimer lowered shares of Freshpet from an "outperform" rating to a "market perform" rating in a research report on Tuesday, March 11th. TD Cowen lowered shares of Freshpet from a "buy" rating to a "hold" rating and set a $96.00 target price on the stock. in a research report on Wednesday, May 28th. Finally, 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. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, Freshpet currently has an average rating of "Hold" and a consensus price target of $122.00.

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.

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