Two Sigma Advisers LP Cuts Holdings in Freshpet, Inc. (NASDAQ:FRPT)

Two Sigma Advisers LP cut its stake in shares of Freshpet, Inc. (NASDAQ:FRPT - Free Report) by 5.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 153,600 shares of the company's stock after selling 8,700 shares during the quarter. Two Sigma Advisers LP owned approximately 0.32% of Freshpet worth $22,750,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Geneos Wealth Management Inc. increased its position in shares of Freshpet by 302.0% during the fourth quarter. Geneos Wealth Management Inc. now owns 201 shares of the company's stock worth $30,000 after acquiring an additional 151 shares during the period. Jones Financial Companies Lllp increased its position in shares of Freshpet by 130.9% during the fourth quarter. Jones Financial Companies Lllp now owns 217 shares of the company's stock worth $32,000 after acquiring an additional 123 shares during the period. R Squared Ltd purchased a new position in shares of Freshpet during the fourth quarter worth approximately $39,000. IFP Advisors Inc purchased a new position in shares of Freshpet during the fourth quarter worth approximately $43,000. Finally, SBI Securities Co. Ltd. purchased a new position in shares of Freshpet during the fourth quarter worth approximately $43,000.

Freshpet Stock Down 0.5%

FRPT traded down $0.39 during trading on Friday, hitting $84.50. The stock had a trading volume of 924,235 shares, compared to its average volume of 870,421. The company has a market capitalization of $4.12 billion, a PE ratio of 89.89 and a beta of 1.85. Freshpet, Inc. has a twelve month low of $71.19 and a twelve month high of $164.07. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.91 and a current ratio of 4.72. The stock has a 50 day simple moving average of $80.60 and a two-hundred day simple moving average of $118.43.

Freshpet (NASDAQ:FRPT - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $263.25 million for the quarter, compared to analyst estimates of $265.57 million. During the same quarter in the previous year, the firm posted $0.37 earnings per share. The company's quarterly revenue was up 17.6% on a year-over-year basis. On average, research analysts predict that Freshpet, Inc. will post 1.55 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on FRPT shares. Stifel Nicolaus reduced their target price on shares of Freshpet from $135.00 to $115.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Piper Sandler dropped their price objective on shares of Freshpet from $160.00 to $145.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 25th. Jefferies Financial Group upgraded shares of Freshpet from a "hold" rating to a "buy" rating and dropped their price objective for the company from $155.00 to $150.00 in a research note on Monday, February 24th. Truist Financial downgraded shares of Freshpet from a "buy" rating to a "hold" rating and dropped their price objective for the company from $90.00 to $80.00 in a research note on Wednesday, April 30th. Finally, Wells Fargo & Company dropped their price objective on shares of Freshpet from $110.00 to $100.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 6th. One analyst has rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $133.43.

Freshpet Company 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.