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

Nuveen Asset Management LLC trimmed its position in shares of Freshpet, Inc. (NASDAQ:FRPT - Free Report) by 8.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 212,622 shares of the company's stock after selling 18,637 shares during the period. 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 institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Freshpet by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 4,652,556 shares of the company's stock worth $689,090,000 after buying an additional 46,844 shares during the last quarter. WCM Investment Management LLC increased its holdings in shares of Freshpet by 4.0% during the 4th quarter. WCM Investment Management LLC now owns 2,881,855 shares of the company's stock worth $430,809,000 after buying an additional 110,478 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Freshpet by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 844,744 shares of the company's stock worth $127,446,000 after buying an additional 9,081 shares during the last quarter. Driehaus Capital Management LLC increased its holdings in shares of Freshpet by 5.1% during the 4th quarter. Driehaus Capital Management LLC now owns 810,646 shares of the company's stock worth $120,065,000 after buying an additional 39,129 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Freshpet during the 4th quarter worth $75,253,000.

Analyst Upgrades and Downgrades

FRPT has been the subject of several recent research reports. Jefferies Financial Group upgraded Freshpet from a "hold" rating to a "buy" rating and lowered their price target for the company from $155.00 to $150.00 in a report on Monday, February 24th. Stifel Nicolaus lowered their price target on Freshpet from $135.00 to $115.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Citigroup lowered their price target on Freshpet from $155.00 to $142.00 and set a "neutral" rating for the company in a report on Wednesday, February 12th. Truist Financial downgraded Freshpet from a "buy" rating to a "hold" rating and lowered their price target for the company from $90.00 to $80.00 in a report on Wednesday, April 30th. Finally, Benchmark lowered their price target on Freshpet from $140.00 to $120.00 and set a "buy" rating for the company in a report on Tuesday, May 6th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Freshpet presently has an average rating of "Moderate Buy" and a consensus price target of $133.43.

Freshpet Stock Down 1.8%

Shares of FRPT stock traded down $1.48 during trading hours on Tuesday, hitting $83.02. 1,371,891 shares of the company were exchanged, compared to its average volume of 872,427. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.91 and a current ratio of 4.72. Freshpet, Inc. has a one year low of $71.19 and a one year high of $164.07. The business's 50-day simple moving average is $80.51 and its two-hundred day simple moving average is $117.44. The stock has a market capitalization of $4.05 billion, a price-to-earnings ratio of 88.32 and a beta of 1.85.

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). The company had revenue of $263.25 million for 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 for the quarter was up 17.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.37 EPS. Sell-side analysts predict that Freshpet, Inc. will post 1.55 EPS for the current fiscal year.

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.