Freshpet, Inc. (NASDAQ:FRPT) Stock Holdings Cut by Two Sigma Advisers LP

Two Sigma Advisers LP cut its holdings 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 Securities and Exchange Commission. The fund owned 153,600 shares of the company's stock after selling 8,700 shares during the period. Two Sigma Advisers LP owned 0.32% of Freshpet worth $22,750,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of FRPT. Park Avenue Securities LLC acquired a new stake in Freshpet in the fourth quarter valued at about $585,000. LVW Advisors LLC grew its holdings in Freshpet by 5.9% during the fourth quarter. LVW Advisors LLC now owns 2,260 shares of the company's stock worth $335,000 after acquiring an additional 125 shares during the period. Geneos Wealth Management Inc. lifted its holdings in Freshpet by 302.0% in the fourth quarter. Geneos Wealth Management Inc. now owns 201 shares of the company's stock valued at $30,000 after acquiring an additional 151 shares during the period. Blue Trust Inc. boosted its position in shares of Freshpet by 62.5% during the 4th quarter. Blue Trust Inc. now owns 1,259 shares of the company's stock worth $172,000 after purchasing an additional 484 shares in the last quarter. Finally, R Squared Ltd purchased a new position in shares of Freshpet in the 4th quarter valued at about $39,000.

Analysts Set New Price Targets

Several research firms recently weighed in on FRPT. Benchmark dropped their price objective on Freshpet from $140.00 to $120.00 and set a "buy" rating for the company in a research note on Tuesday, May 6th. Robert W. Baird cut their target price on shares of Freshpet from $125.00 to $115.00 and set an "outperform" rating for the company in a research report on Tuesday, May 6th. Wells Fargo & Company lowered their price target on shares of Freshpet from $110.00 to $100.00 and set an "overweight" rating on the stock in a research report on Tuesday, May 6th. Oppenheimer cut shares of Freshpet from an "outperform" rating to a "market perform" rating in a research note on Tuesday, March 11th. Finally, Jefferies Financial Group upgraded Freshpet from a "hold" rating to a "buy" rating and reduced their price objective for the company from $155.00 to $150.00 in a research report on Monday, February 24th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat.com, Freshpet presently has a consensus rating of "Moderate Buy" and an average target price of $133.43.

Freshpet Trading Down 0.5%

Shares of Freshpet stock traded down $0.39 during trading hours on Monday, reaching $84.50. The stock had a trading volume of 924,235 shares, compared to its average volume of 870,421. The company has a current ratio of 4.72, a quick ratio of 3.91 and a debt-to-equity ratio of 0.41. Freshpet, Inc. has a 1 year low of $71.19 and a 1 year high of $164.07. The firm has a 50 day simple moving average of $80.60 and a two-hundred day simple moving average of $118.18. The firm has a market capitalization of $4.12 billion, a price-to-earnings ratio of 89.89 and a beta of 1.85.

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 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 during the quarter, compared to analysts' expectations of $265.57 million. During the same period in the previous year, the company earned $0.37 EPS. Freshpet's quarterly revenue was up 17.6% on a year-over-year basis. As a group, equities research analysts anticipate that Freshpet, Inc. will post 1.55 earnings per share for the current 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.