Freshpet, Inc. (NASDAQ:FRPT) Shares Sold by Captrust Financial Advisors

Captrust Financial Advisors cut its stake in shares of Freshpet, Inc. (NASDAQ:FRPT - Free Report) by 46.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,020 shares of the company's stock after selling 3,551 shares during the quarter. Captrust Financial Advisors' holdings in Freshpet were worth $595,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Geneos Wealth Management Inc. boosted its position in shares of Freshpet by 302.0% in the 4th quarter. Geneos Wealth Management Inc. now owns 201 shares of the company's stock worth $30,000 after buying an additional 151 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in Freshpet by 130.9% in the 4th quarter. Jones Financial Companies Lllp now owns 217 shares of the company's stock valued at $32,000 after purchasing an additional 123 shares in the last quarter. R Squared Ltd purchased a new position in Freshpet in the 4th quarter valued at about $39,000. IFP Advisors Inc purchased a new position in Freshpet in the 4th quarter valued at about $43,000. Finally, SBI Securities Co. Ltd. purchased a new position in Freshpet in the 4th quarter valued at about $43,000.

Freshpet Stock Down 0.5%

NASDAQ:FRPT traded down $0.39 during trading hours on Friday, hitting $84.50. The stock had a trading volume of 924,235 shares, compared to its average volume of 868,997. The company has a current ratio of 4.72, a quick ratio of 3.91 and a debt-to-equity ratio of 0.41. Freshpet, Inc. has a 1-year low of $71.19 and a 1-year high of $164.07. The business has a 50 day simple moving average of $80.60 and a two-hundred day simple moving average of $118.68. The company has a market cap of $4.12 billion, a PE ratio of 89.89 and a beta of 1.85.

Freshpet (NASDAQ:FRPT - Get Free Report) last released 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). The business 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 business's quarterly revenue was up 17.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.37 earnings per share. Analysts predict that Freshpet, Inc. will post 1.55 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have issued reports on FRPT. Truist Financial lowered shares of Freshpet from a "buy" rating to a "hold" rating and reduced their target price for the company from $90.00 to $80.00 in a report on Wednesday, April 30th. Benchmark reduced their target price on shares of Freshpet from $140.00 to $120.00 and set a "buy" rating on the stock in a report on Tuesday, May 6th. Piper Sandler reduced their target price on shares of Freshpet from $160.00 to $145.00 and set an "overweight" rating on the stock in a report on Tuesday, March 25th. JPMorgan Chase & Co. reduced their target price 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. Finally, Jefferies Financial Group raised shares of Freshpet from a "hold" rating to a "buy" rating and dropped their price objective for the company from $155.00 to $150.00 in a research note on Monday, February 24th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $135.73.

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.