Universal Beteiligungs und Servicegesellschaft mbH Buys Shares of 99,101 Freshpet, Inc. (NASDAQ:FRPT)

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Freshpet, Inc. (NASDAQ:FRPT - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 99,101 shares of the company's stock, valued at approximately $14,678,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.20% of Freshpet as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Lecap Asset Management Ltd. bought a new stake in Freshpet in the fourth quarter worth $817,000. Principal Financial Group Inc. increased its stake in Freshpet by 36.4% in the fourth quarter. Principal Financial Group Inc. now owns 107,657 shares of the company's stock worth $15,945,000 after purchasing an additional 28,743 shares during the period. Victory Capital Management Inc. increased its stake in Freshpet by 1.7% in the fourth quarter. Victory Capital Management Inc. now owns 135,629 shares of the company's stock worth $20,088,000 after purchasing an additional 2,291 shares during the period. Ensign Peak Advisors Inc increased its stake in shares of Freshpet by 7.4% during the fourth quarter. Ensign Peak Advisors Inc now owns 98,481 shares of the company's stock valued at $14,586,000 after buying an additional 6,776 shares during the period. Finally, Natixis Advisors LLC increased its stake in shares of Freshpet by 406.4% during the fourth quarter. Natixis Advisors LLC now owns 53,066 shares of the company's stock valued at $7,860,000 after buying an additional 42,587 shares during the period.

Freshpet Trading Up 1.5%

Shares of FRPT stock traded up $1.24 on Tuesday, hitting $82.30. 201,776 shares of the stock traded hands, compared to its average volume of 879,469. The firm's 50-day moving average price is $79.99 and its two-hundred day moving average price is $115.15. 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 market capitalization of $4.01 billion, a PE ratio of 87.55 and a beta of 1.85. Freshpet, Inc. has a twelve month low of $71.19 and a twelve month high of $164.07.

Freshpet (NASDAQ:FRPT - Get Free Report) last announced its quarterly 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). The firm had revenue of $263.25 million for the quarter, compared to analyst estimates of $265.57 million. Freshpet had a net margin of 4.81% and a return on equity of 3.92%. The company's revenue was up 17.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.37 EPS. As a group, analysts anticipate that Freshpet, Inc. will post 1.55 EPS for the current year.

Wall Street Analyst Weigh In

FRPT has been the topic of several analyst reports. Jefferies Financial Group upgraded Freshpet from a "hold" rating to a "buy" rating and cut their target price for the company from $155.00 to $150.00 in a research note on Monday, February 24th. Truist Financial downgraded Freshpet from a "buy" rating to a "hold" rating and decreased their target price for the stock from $90.00 to $80.00 in a report on Wednesday, April 30th. Robert W. Baird decreased their target price on Freshpet from $125.00 to $115.00 and set an "outperform" rating for the company in a report on Tuesday, May 6th. Stifel Nicolaus cut their target price on shares of Freshpet from $135.00 to $115.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Finally, TD Cowen lowered shares of Freshpet from a "buy" rating to a "hold" rating and set a $96.00 target price for the company. in a report on Wednesday, May 28th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $127.86.

Freshpet 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.