Deutsche Bank AG Buys 67,866 Shares of Freshpet, Inc. (NASDAQ:FRPT)

Deutsche Bank AG boosted its holdings in Freshpet, Inc. (NASDAQ:FRPT - Free Report) by 31.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 282,840 shares of the company's stock after buying an additional 67,866 shares during the period. Deutsche Bank AG owned approximately 0.58% of Freshpet worth $23,524,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in FRPT. Treasurer of the State of North Carolina increased its position in Freshpet by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 20,462 shares of the company's stock worth $3,031,000 after buying an additional 120 shares during the period. XTX Topco Ltd increased its position in Freshpet by 18.4% in the 4th quarter. XTX Topco Ltd now owns 1,749 shares of the company's stock worth $259,000 after buying an additional 272 shares during the period. Jump Financial LLC increased its position in Freshpet by 173.7% in the 4th quarter. Jump Financial LLC now owns 12,243 shares of the company's stock worth $1,813,000 after buying an additional 7,770 shares during the period. Osterweis Capital Management Inc. increased its position in Freshpet by 41.3% in the 4th quarter. Osterweis Capital Management Inc. now owns 119,900 shares of the company's stock worth $17,758,000 after buying an additional 35,045 shares during the period. Finally, CANADA LIFE ASSURANCE Co increased its position in Freshpet by 3.0% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 12,662 shares of the company's stock worth $1,874,000 after buying an additional 364 shares during the period.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on FRPT shares. Robert W. Baird decreased their price objective on Freshpet from $125.00 to $115.00 and set an "outperform" rating on the stock in a report on Tuesday, May 6th. UBS Group started coverage on Freshpet in a report on Monday, June 16th. They set a "sell" rating and a $65.00 price objective on the stock. Benchmark reissued a "buy" rating and set a $95.00 price objective (down previously from $120.00) on shares of Freshpet in a report on Tuesday, August 5th. Truist Financial decreased their price objective on Freshpet from $80.00 to $70.00 and set a "hold" rating on the stock in a report on Tuesday, August 5th. Finally, Wells Fargo & Company decreased their price objective on Freshpet from $100.00 to $88.00 and set an "overweight" rating on the stock in a report on Wednesday, July 9th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $110.36.

Freshpet Trading Down 3.2%

Shares of FRPT stock traded down $2.05 on Friday, reaching $61.24. 1,174,395 shares of the stock were exchanged, compared to its average volume of 1,472,884. The stock has a market cap of $2.99 billion, a PE ratio of 91.40, a P/E/G ratio of 1.08 and a beta of 1.77. Freshpet, Inc. has a one year low of $61.12 and a one year high of $164.07. The company has a debt-to-equity ratio of 0.40, a current ratio of 4.81 and a quick ratio of 3.75. The stock has a 50 day moving average price of $69.94 and a 200 day moving average price of $85.34.

Freshpet (NASDAQ:FRPT - Get Free Report) last released its earnings results on Monday, August 4th. The company reported $0.33 earnings per share for the quarter, topping analysts' consensus estimates of $0.12 by $0.21. The company had revenue of $264.69 million during the quarter, compared to the consensus estimate of $269.75 million. Freshpet had a return on equity of 4.82% and a net margin of 3.23%. The firm's quarterly revenue was up 12.5% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.03) earnings per share. Equities research analysts forecast that Freshpet, Inc. will post 1.55 EPS for the current fiscal year.

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.