Captrust Financial Advisors Sells 3,551 Shares of Freshpet, Inc. (NASDAQ:FRPT)

Captrust Financial Advisors lessened its stake in shares of Freshpet, Inc. (NASDAQ:FRPT - Free Report) by 46.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,020 shares of the company's stock after selling 3,551 shares during the period. Captrust Financial Advisors' holdings in Freshpet were worth $595,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of FRPT. Vanguard Group Inc. boosted its stake in shares of Freshpet by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 4,652,556 shares of the company's stock valued at $689,090,000 after purchasing an additional 46,844 shares in the last quarter. WCM Investment Management LLC boosted its stake in Freshpet by 4.0% during the 4th quarter. WCM Investment Management LLC now owns 2,881,855 shares of the company's stock worth $430,809,000 after acquiring an additional 110,478 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Freshpet by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 844,744 shares of the company's stock valued at $127,446,000 after buying an additional 9,081 shares in the last quarter. Norges Bank bought a new stake in shares of Freshpet in the fourth quarter worth about $75,253,000. Finally, Northern Trust Corp lifted its stake in Freshpet by 14.7% in the fourth quarter. Northern Trust Corp now owns 408,633 shares of the company's stock valued at $60,523,000 after buying an additional 52,284 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Oppenheimer downgraded shares of Freshpet from an "outperform" rating to a "market perform" rating in a report on Tuesday, March 11th. Stifel Nicolaus dropped their price target 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 cut Freshpet from a "buy" rating to a "hold" rating and cut their price target for the company from $90.00 to $80.00 in a research note on Wednesday, April 30th. Citigroup reduced their price target on shares of Freshpet from $155.00 to $142.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 12th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Freshpet from $91.00 to $85.00 and set a "neutral" rating on the stock in a report on Tuesday, May 6th. One analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $135.73.

Freshpet Stock Performance

Shares of Freshpet stock traded down $4.19 on Wednesday, hitting $85.45. 1,711,762 shares of the company's stock were exchanged, compared to its average volume of 862,451. Freshpet, Inc. has a 1 year low of $71.19 and a 1 year high of $164.07. The company has a 50-day simple moving average of $80.75 and a 200-day simple moving average of $119.83. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.91 and a current ratio of 4.72. The stock has a market capitalization of $4.17 billion, a PE ratio of 90.90 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 for the quarter, missing analysts' consensus estimates of $0.13 by ($0.04). The company had revenue of $263.25 million for the quarter, compared to analysts' expectations of $265.57 million. Freshpet had a net margin of 4.81% and a return on equity of 3.92%. The firm's quarterly revenue was up 17.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.37 earnings per share. As a group, equities analysts anticipate that Freshpet, Inc. will post 1.55 EPS for the current 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.