GW&K Investment Management LLC Invests $2.68 Million in Freshpet, Inc. (NASDAQ:FRPT)

GW&K Investment Management LLC purchased a new stake in shares of Freshpet, Inc. (NASDAQ:FRPT - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 32,240 shares of the company's stock, valued at approximately $2,681,000. GW&K Investment Management LLC owned 0.07% of Freshpet as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Elequin Capital LP purchased a new stake in shares of Freshpet during the fourth quarter worth about $29,000. Larson Financial Group LLC lifted its holdings in Freshpet by 1,585.0% in the 1st quarter. Larson Financial Group LLC now owns 674 shares of the company's stock worth $56,000 after purchasing an additional 634 shares in the last quarter. Morse Asset Management Inc bought a new position in Freshpet in the 4th quarter worth approximately $70,000. GeoWealth Management LLC purchased a new stake in Freshpet during the 4th quarter valued at approximately $122,000. Finally, Hardy Reed LLC grew its holdings in Freshpet by 10.4% during the 1st quarter. Hardy Reed LLC now owns 2,414 shares of the company's stock valued at $201,000 after buying an additional 228 shares in the last quarter.

Freshpet Trading Down 1.4%

FRPT stock traded down $0.99 during mid-day trading on Friday, reaching $70.76. 1,070,673 shares of the stock traded hands, compared to its average volume of 1,243,545. Freshpet, Inc. has a one year low of $66.75 and a one year high of $164.07. The stock has a market capitalization of $3.45 billion, a PE ratio of 228.26, a PEG ratio of 1.41 and a beta of 1.79. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.92 and a current ratio of 4.91. The business has a 50-day moving average price of $75.07 and a two-hundred day moving average price of $94.61.

Freshpet (NASDAQ:FRPT - Get Free Report) last issued its quarterly 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). Freshpet had a net margin of 1.54% and a return on equity of 3.16%. The firm had revenue of $263.25 million for the quarter, compared to the consensus estimate of $265.57 million. During the same quarter in the previous year, the company posted $0.37 earnings per share. The business's revenue for the quarter was up 17.6% on a year-over-year basis. Equities research analysts expect that Freshpet, Inc. will post 1.55 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on FRPT shares. TD Cowen downgraded shares of Freshpet from a "buy" rating to a "hold" rating and set a $96.00 target price on the stock. in a report on Wednesday, May 28th. Wells Fargo & Company reduced their price target on shares of Freshpet from $100.00 to $88.00 and set an "overweight" rating on the stock in a report on Wednesday, July 9th. UBS Group began coverage on shares of Freshpet in a research note on Monday, June 16th. They issued a "sell" rating and a $65.00 price target on the stock. Benchmark cut their price objective on Freshpet from $140.00 to $120.00 and set a "buy" rating for the company in a research report on Tuesday, May 6th. Finally, Truist Financial cut Freshpet from a "buy" rating to a "hold" rating and reduced their target price for the stock from $90.00 to $80.00 in a report on Wednesday, April 30th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Freshpet has an average rating of "Hold" and a consensus target price of $119.14.

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.