Emerald Mutual Fund Advisers Trust Sells 60,259 Shares of Freshpet, Inc. (NASDAQ:FRPT)

Emerald Mutual Fund Advisers Trust reduced its stake in shares of Freshpet, Inc. (NASDAQ:FRPT - Free Report) by 16.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 313,374 shares of the company's stock after selling 60,259 shares during the quarter. Freshpet comprises about 2.8% of Emerald Mutual Fund Advisers Trust's investment portfolio, making the stock its 4th biggest position. Emerald Mutual Fund Advisers Trust owned 0.65% of Freshpet worth $46,414,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Freshpet in the fourth quarter valued at about $75,253,000. Allspring Global Investments Holdings LLC grew its stake in shares of Freshpet by 198.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 381,385 shares of the company's stock worth $55,065,000 after acquiring an additional 253,679 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of Freshpet by 267.0% during the fourth quarter. Renaissance Technologies LLC now owns 155,596 shares of the company's stock worth $23,045,000 after acquiring an additional 113,200 shares during the last quarter. WCM Investment Management LLC boosted its position in Freshpet by 4.0% in the fourth quarter. WCM Investment Management LLC now owns 2,881,855 shares of the company's stock valued at $430,809,000 after buying an additional 110,478 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in Freshpet by 143.8% in the 4th quarter. Envestnet Asset Management Inc. now owns 173,310 shares of the company's stock worth $25,669,000 after purchasing an additional 102,232 shares in the last quarter.

Freshpet Trading Down 1.1 %

Shares of Freshpet stock traded down $0.82 during trading on Thursday, hitting $72.72. The stock had a trading volume of 950,783 shares, compared to its average volume of 819,692. The stock has a 50 day simple moving average of $84.37 and a 200 day simple moving average of $124.81. The company has a market capitalization of $3.54 billion, a PE ratio of 77.36 and a beta of 1.80. The company has a quick ratio of 3.91, a current ratio of 4.72 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.

Freshpet (NASDAQ:FRPT - Get Free Report) last posted its earnings results on Thursday, February 20th. The company reported $0.36 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.36. Freshpet had a net margin of 4.81% and a return on equity of 3.92%. The firm had revenue of $262.71 million during the quarter, compared to analysts' expectations of $275.46 million. On average, research analysts expect that Freshpet, Inc. will post 1.55 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently issued reports on FRPT. Stifel Nicolaus dropped their price target on shares of Freshpet from $135.00 to $115.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Wells Fargo & Company cut their target price on shares of Freshpet from $142.00 to $110.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 2nd. 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 report on Tuesday, March 25th. Benchmark dropped their price objective on shares of Freshpet from $195.00 to $140.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. Finally, Citigroup reduced their target price on Freshpet from $155.00 to $142.00 and set a "neutral" rating for the company in a report on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $138.80.

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.