Trust Point Inc. Has $689,000 Position in Freshpet, Inc. (NASDAQ:FRPT)

Trust Point Inc. reduced its holdings in Freshpet, Inc. (NASDAQ:FRPT - Free Report) by 31.3% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,290 shares of the company's stock after selling 3,770 shares during the period. Trust Point Inc.'s holdings in Freshpet were worth $689,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in Freshpet by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 4,652,556 shares of the company's stock valued at $689,090,000 after buying an additional 46,844 shares during the period. Geode Capital Management LLC increased its stake in shares of Freshpet by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 844,744 shares of the company's stock valued at $127,446,000 after purchasing an additional 9,081 shares in the last quarter. Driehaus Capital Management LLC raised its position in Freshpet by 5.1% during the fourth quarter. Driehaus Capital Management LLC now owns 810,646 shares of the company's stock worth $120,065,000 after acquiring an additional 39,129 shares during the period. Norges Bank acquired a new stake in Freshpet in the 4th quarter worth about $75,253,000. Finally, Northern Trust Corp increased its position in shares of Freshpet by 14.7% during the fourth quarter. Northern Trust Corp now owns 408,633 shares of the company's stock worth $60,523,000 after purchasing an additional 52,284 shares in the last quarter.

Freshpet Stock Performance

Freshpet stock traded up $2.41 on Friday, hitting $74.13. The company's stock had a trading volume of 1,019,872 shares, compared to its average volume of 902,640. Freshpet, Inc. has a one year low of $70.65 and a one year high of $164.07. The company has a quick ratio of 3.92, a current ratio of 4.91 and a debt-to-equity ratio of 0.41. The firm has a market cap of $3.62 billion, a P/E ratio of 239.13, a price-to-earnings-growth ratio of 1.20 and a beta of 1.86. The company has a fifty day moving average price of $78.80 and a 200-day moving average price of $108.73.

Freshpet (NASDAQ:FRPT - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The company reported $0.09 earnings per share (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 analyst estimates of $265.57 million. Freshpet had a return on equity of 3.16% and a net margin of 1.54%. The firm's quarterly revenue was up 17.6% on a year-over-year basis. During the same quarter last year, the company earned $0.37 EPS. On average, equities analysts anticipate that Freshpet, Inc. will post 1.55 earnings per share for the current year.

Analyst Ratings Changes

FRPT has been the topic of several recent analyst reports. Robert W. Baird decreased their price target on Freshpet from $125.00 to $115.00 and set an "outperform" rating on the stock in a research note on Tuesday, May 6th. UBS Group started coverage on Freshpet in a report on Monday. They issued a "sell" rating and a $65.00 price objective on the stock. Benchmark reduced 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. JPMorgan Chase & Co. lowered their target price on shares of Freshpet from $91.00 to $85.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 6th. Finally, Wells Fargo & Company dropped their target price on Freshpet from $110.00 to $100.00 and set an "overweight" rating on the stock in a report on Tuesday, May 6th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $122.00.

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.