ProShare Advisors LLC Lowers Holdings in Freshpet, Inc. (NASDAQ:FRPT)

ProShare Advisors LLC lessened its position in Freshpet, Inc. (NASDAQ:FRPT - Free Report) by 16.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 42,722 shares of the company's stock after selling 8,231 shares during the quarter. ProShare Advisors LLC owned approximately 0.09% of Freshpet worth $6,328,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Geneos Wealth Management Inc. grew its holdings in shares of Freshpet by 302.0% in the fourth quarter. Geneos Wealth Management Inc. now owns 201 shares of the company's stock valued at $30,000 after purchasing an additional 151 shares in the last quarter. Jones Financial Companies Lllp increased its position in shares of Freshpet by 130.9% during the fourth quarter. Jones Financial Companies Lllp now owns 217 shares of the company's stock worth $32,000 after acquiring an additional 123 shares during the period. R Squared Ltd purchased a new position in Freshpet in the fourth quarter valued at $39,000. IFP Advisors Inc acquired a new position in Freshpet during the 4th quarter worth $43,000. Finally, SBI Securities Co. Ltd. acquired a new position in Freshpet during the 4th quarter worth $43,000.

Freshpet Price Performance

Shares of NASDAQ FRPT traded down $0.56 during trading on Thursday, reaching $84.89. The company had a trading volume of 1,042,870 shares, compared to its average volume of 865,485. 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 twelve month low of $71.19 and a twelve month high of $164.07. The stock has a 50-day moving average price of $80.70 and a two-hundred day moving average price of $119.60. The stock has a market capitalization of $4.14 billion, a PE ratio of 90.31 and a beta of 1.85.

Freshpet (NASDAQ:FRPT - Get Free Report) last announced its earnings results on Monday, May 5th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.04). The firm had revenue of $263.25 million during the quarter, compared to analyst estimates of $265.57 million. Freshpet had a net margin of 4.81% and a return on equity of 3.92%. The company's revenue for the quarter was up 17.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.37 EPS. As a group, sell-side analysts predict that Freshpet, Inc. will post 1.55 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently commented on FRPT shares. Robert W. Baird cut their price target on shares of Freshpet from $125.00 to $115.00 and set an "outperform" rating on the stock in a research note on Tuesday, May 6th. Benchmark cut their price target on shares of Freshpet from $140.00 to $120.00 and set a "buy" rating for the company in a report on Tuesday, May 6th. JPMorgan Chase & Co. reduced their price objective on shares of Freshpet from $91.00 to $85.00 and set a "neutral" rating for the company in a research note on Tuesday, May 6th. Jefferies Financial Group upgraded shares of Freshpet from a "hold" rating to a "buy" rating and reduced their price target for the company from $155.00 to $150.00 in a research report on Monday, February 24th. Finally, Wells Fargo & Company decreased their price target on Freshpet from $110.00 to $100.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 6th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target 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.