Freshpet, Inc. (NASDAQ:FRPT) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC decreased its stake in Freshpet, Inc. (NASDAQ:FRPT - Free Report) by 8.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 212,622 shares of the company's stock after selling 18,637 shares during the quarter. Nuveen Asset Management LLC owned approximately 0.44% of Freshpet worth $31,491,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Park Avenue Securities LLC bought a new position in shares of Freshpet during the 4th quarter valued at approximately $585,000. Geneos Wealth Management Inc. lifted its holdings in Freshpet by 302.0% during 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. Blue Trust Inc. boosted its position in shares of Freshpet by 62.5% in the fourth quarter. Blue Trust Inc. now owns 1,259 shares of the company's stock worth $172,000 after purchasing an additional 484 shares during the period. R Squared Ltd purchased a new stake in shares of Freshpet in the fourth quarter worth $39,000. Finally, New Wave Wealth Advisors LLC purchased a new stake in shares of Freshpet in the fourth quarter worth $148,000.

Freshpet Trading Down 2.4%

Shares of NASDAQ:FRPT traded down $2.02 on Tuesday, hitting $82.48. 96,723 shares of the company's stock were exchanged, compared to its average volume of 867,575. The stock has a market capitalization of $4.02 billion, a price-to-earnings ratio of 87.72 and a beta of 1.85. Freshpet, Inc. has a 12 month low of $71.19 and a 12 month high of $164.07. The company has a debt-to-equity ratio of 0.41, a current ratio of 4.72 and a quick ratio of 3.91. The business's 50 day simple moving average is $80.58 and its two-hundred day simple moving average is $117.68.

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

Wall Street Analyst Weigh In

Several brokerages recently weighed in on FRPT. Wells Fargo & Company dropped their target price on shares of Freshpet from $110.00 to $100.00 and set an "overweight" rating for the company in a report on Tuesday, May 6th. JPMorgan Chase & Co. lowered their price objective on Freshpet from $91.00 to $85.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 6th. Truist Financial lowered Freshpet from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $90.00 to $80.00 in a research note on Wednesday, April 30th. Robert W. Baird decreased their target price on Freshpet from $125.00 to $115.00 and set an "outperform" rating on the stock in a research note on Tuesday, May 6th. Finally, Benchmark lowered their price target on Freshpet from $140.00 to $120.00 and set a "buy" rating on the stock in a report on Tuesday, May 6th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $133.43.

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.