Breakwater Capital Group Grows Stock Holdings in Freshpet, Inc. (NASDAQ:FRPT)

Breakwater Capital Group boosted its stake in shares of Freshpet, Inc. (NASDAQ:FRPT - Free Report) by 415.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 8,747 shares of the company's stock after purchasing an additional 7,049 shares during the period. Breakwater Capital Group's holdings in Freshpet were worth $727,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Merit Financial Group LLC purchased a new position in shares of Freshpet in the first quarter worth about $255,000. Rhumbline Advisers increased its holdings in Freshpet by 131.0% in the 1st quarter. Rhumbline Advisers now owns 106,438 shares of the company's stock worth $8,852,000 after buying an additional 60,352 shares during the period. GAMMA Investing LLC increased its holdings in Freshpet by 5,415.7% in the 1st quarter. GAMMA Investing LLC now owns 31,605 shares of the company's stock worth $2,629,000 after buying an additional 31,032 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in Freshpet by 21.9% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 7,084 shares of the company's stock worth $1,049,000 after buying an additional 1,272 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Freshpet during the 4th quarter valued at approximately $14,678,000.

Freshpet Price Performance

Shares of FRPT stock traded down $0.58 during trading hours on Friday, hitting $80.41. 696,843 shares of the company's stock were exchanged, compared to its average volume of 885,139. Freshpet, Inc. has a fifty-two week low of $71.19 and a fifty-two week high of $164.07. The firm has a market cap of $3.92 billion, a P/E ratio of 85.54 and a beta of 1.86. 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 firm has a 50 day moving average of $79.70 and a two-hundred day moving average of $113.68.

Freshpet (NASDAQ:FRPT - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The company reported $0.09 earnings per share for the quarter, missing analysts' consensus estimates of $0.13 by ($0.04). Freshpet had a return on equity of 3.92% and a net margin of 4.81%. The company had revenue of $263.25 million for the quarter, compared to analyst estimates of $265.57 million. During the same quarter in the prior year, the company posted $0.37 earnings per share. The business's revenue was up 17.6% on a year-over-year basis. Sell-side analysts forecast that Freshpet, Inc. will post 1.55 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Wells Fargo & Company cut their price objective on shares of Freshpet from $110.00 to $100.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 6th. Benchmark cut their price target on 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 Freshpet from a "buy" rating to a "hold" rating and reduced their price objective for the company from $90.00 to $80.00 in a research note on Wednesday, April 30th. Citigroup lowered their target price on Freshpet from $155.00 to $142.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 12th. Finally, Robert W. Baird reduced their price target on Freshpet from $125.00 to $115.00 and set an "outperform" rating for the company in a research report on Tuesday, May 6th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Freshpet presently has an average rating of "Moderate Buy" and a consensus target price of $127.86.

Freshpet 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.