Freshpet, Inc. (NASDAQ:FRPT) Stock Holdings Lifted by Rhumbline Advisers

Rhumbline Advisers raised its holdings in Freshpet, Inc. (NASDAQ:FRPT - Free Report) by 131.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 106,438 shares of the company's stock after acquiring an additional 60,352 shares during the period. Rhumbline Advisers owned 0.22% of Freshpet worth $8,852,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. GAMMA Investing LLC boosted its position in shares of Freshpet by 5,415.7% in the first quarter. GAMMA Investing LLC now owns 31,605 shares of the company's stock worth $2,629,000 after acquiring an additional 31,032 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Freshpet by 21.9% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 7,084 shares of the company's stock valued at $1,049,000 after purchasing an additional 1,272 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Freshpet in the 4th quarter valued at $14,678,000. Forum Financial Management LP purchased a new stake in shares of Freshpet during the 4th quarter valued at $215,000. Finally, Public Employees Retirement System of Ohio increased its holdings in shares of Freshpet by 24.3% during the 4th quarter. Public Employees Retirement System of Ohio now owns 51,129 shares of the company's stock worth $7,573,000 after buying an additional 10,009 shares during the last quarter.

Freshpet Price Performance

FRPT stock traded up $0.08 during trading on Thursday, hitting $76.95. The company had a trading volume of 157,757 shares, compared to its average volume of 887,978. The firm has a market capitalization of $3.75 billion, a price-to-earnings ratio of 81.86 and a beta of 1.86. The company has a current ratio of 4.72, a quick ratio of 3.91 and a debt-to-equity ratio of 0.41. The business has a 50 day moving average of $79.44 and a 200 day moving average of $112.07. Freshpet, Inc. has a fifty-two week low of $71.19 and a fifty-two week high of $164.07.

Freshpet (NASDAQ:FRPT - Get Free Report) last announced 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). Freshpet had a return on equity of 3.92% and a net margin of 4.81%. The firm had revenue of $263.25 million for the quarter, compared to the consensus estimate of $265.57 million. During the same period in the previous year, the firm earned $0.37 EPS. Freshpet's revenue for the quarter was up 17.6% on a year-over-year basis. As a group, research analysts predict that Freshpet, Inc. will post 1.55 earnings per share for the current year.

Analysts Set New Price Targets

FRPT has been the topic of a number of recent research reports. Stifel Nicolaus assumed coverage on Freshpet in a research note on Thursday. They set a "buy" rating and a $90.00 price objective on the stock. JPMorgan Chase & Co. dropped their price objective on Freshpet from $91.00 to $85.00 and set a "neutral" rating on the stock in a report on Tuesday, May 6th. Benchmark decreased their price target on shares of Freshpet from $140.00 to $120.00 and set a "buy" rating for the company in a research report on Tuesday, May 6th. Truist Financial lowered shares of Freshpet from a "buy" rating to a "hold" rating and cut their target price for the company from $90.00 to $80.00 in a research note on Wednesday, April 30th. Finally, Robert W. Baird reduced their price target on shares of Freshpet from $125.00 to $115.00 and set an "outperform" rating on the stock in a research report on Tuesday, May 6th. One analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $126.07.

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.