GAMMA Investing LLC Acquires 31,032 Shares of Freshpet, Inc. (NASDAQ:FRPT)

GAMMA Investing LLC lifted its position in Freshpet, Inc. (NASDAQ:FRPT - Free Report) by 5,415.7% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 31,605 shares of the company's stock after buying an additional 31,032 shares during the period. GAMMA Investing LLC owned approximately 0.06% of Freshpet worth $2,629,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of FRPT. Allspring Global Investments Holdings LLC grew its stake in Freshpet by 198.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 381,385 shares of the company's stock valued at $55,065,000 after purchasing an additional 253,679 shares in the last quarter. Congress Asset Management Co. bought a new stake in shares of Freshpet during the fourth quarter valued at approximately $298,000. Principal Securities Inc. bought a new stake in Freshpet in the fourth quarter valued at $85,000. Principal Financial Group Inc. grew its position in Freshpet by 36.4% in the fourth quarter. Principal Financial Group Inc. now owns 107,657 shares of the company's stock valued at $15,945,000 after acquiring an additional 28,743 shares during the period. Finally, CIBC Asset Management Inc acquired a new stake in shares of Freshpet in the fourth quarter valued at $221,000.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on FRPT shares. Robert W. Baird decreased their price target on Freshpet from $125.00 to $115.00 and set an "outperform" rating on the stock in a report on Tuesday, May 6th. Wells Fargo & Company cut their target price on Freshpet from $110.00 to $100.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 6th. TD Cowen lowered Freshpet from a "buy" rating to a "hold" rating and set a $96.00 price target on the stock. in a research report on Wednesday, May 28th. Truist Financial lowered Freshpet from a "buy" rating to a "hold" rating and decreased their target price for the stock from $90.00 to $80.00 in a report on Wednesday, April 30th. Finally, Jefferies Financial Group raised Freshpet from a "hold" rating to a "buy" rating and decreased their target price for the stock from $155.00 to $150.00 in a report on Monday, February 24th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $122.00.

Freshpet Stock Down 2.5%

Shares of NASDAQ:FRPT traded down $1.82 during trading on Monday, hitting $72.45. The stock had a trading volume of 1,488,029 shares, compared to its average volume of 898,121. Freshpet, Inc. has a 12 month low of $71.00 and a 12 month high of $164.07. 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's fifty day moving average is $79.37 and its 200 day moving average is $109.82. The company has a market capitalization of $3.53 billion, a PE ratio of 77.07 and a beta of 1.86.

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

Freshpet Company 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.