17,700 Shares in Freshpet, Inc. (NASDAQ:FRPT) Bought by New York State Teachers Retirement System

New York State Teachers Retirement System bought a new position in Freshpet, Inc. (NASDAQ:FRPT - Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 17,700 shares of the company's stock, valued at approximately $1,472,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Elequin Capital LP bought a new stake in shares of Freshpet in the 4th quarter valued at $29,000. Jones Financial Companies Lllp lifted its holdings in shares of Freshpet by 130.9% in the fourth 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. SBI Securities Co. Ltd. acquired a new position in Freshpet during the 4th quarter worth approximately $43,000. Morse Asset Management Inc acquired a new position in Freshpet during the fourth quarter worth $70,000. Finally, GeoWealth Management LLC bought a new position in shares of Freshpet in the 4th quarter valued at about $122,000.

Freshpet Price Performance

Shares of FRPT traded down $2.36 during trading hours on Friday, reaching $68.39. The stock had a trading volume of 922,338 shares, compared to its average volume of 950,459. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.92 and a current ratio of 4.91. Freshpet, Inc. has a 12 month low of $66.75 and a 12 month high of $164.07. The stock has a market capitalization of $3.34 billion, a PE ratio of 220.61, a PEG ratio of 1.18 and a beta of 1.79. The company's 50-day moving average is $77.06 and its two-hundred day moving average is $100.17.

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

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on FRPT shares. Stifel Nicolaus set a $90.00 price target on Freshpet and gave the stock a "buy" rating in a research report on Thursday, June 12th. Benchmark lowered their price target on shares of Freshpet from $140.00 to $120.00 and set a "buy" rating on the stock in a research report on Tuesday, May 6th. UBS Group assumed coverage on Freshpet in a report on Monday, June 16th. They issued a "sell" rating and a $65.00 price objective for the company. Truist Financial lowered shares of Freshpet from a "buy" rating to a "hold" rating and reduced their price target for the stock from $90.00 to $80.00 in a research report on Wednesday, April 30th. Finally, JPMorgan Chase & Co. cut their target price on Freshpet from $91.00 to $85.00 and set a "neutral" rating for the company in a research note on Tuesday, May 6th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Freshpet has a consensus rating of "Hold" and a consensus price target of $119.14.

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.