Stifel Financial Corp Has $7.43 Million Stake in Freshpet, Inc. (NASDAQ:FRPT)

Stifel Financial Corp increased its position in shares of Freshpet, Inc. (NASDAQ:FRPT - Free Report) by 98.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 50,152 shares of the company's stock after purchasing an additional 24,888 shares during the period. Stifel Financial Corp owned about 0.10% of Freshpet worth $7,428,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

FRPT has been the topic of several research analyst reports. Citigroup decreased their target price on Freshpet from $155.00 to $142.00 and set a "neutral" rating on the stock in a report on Wednesday, February 12th. Robert W. Baird set a $125.00 price objective on shares of Freshpet in a research report on Wednesday, April 16th. Wells Fargo & Company reduced their target price on shares of Freshpet from $142.00 to $110.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 2nd. Oppenheimer cut shares of Freshpet from an "outperform" rating to a "market perform" rating in a research report on Tuesday, March 11th. Finally, Stifel Nicolaus decreased their price objective on Freshpet from $135.00 to $115.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, Freshpet presently has a consensus rating of "Moderate Buy" and a consensus target price of $138.80.

Freshpet Trading Down 1.1 %

Shares of FRPT stock traded down $0.82 on Thursday, hitting $72.72. The stock had a trading volume of 950,783 shares, compared to its average volume of 819,692. The firm has a market cap of $3.54 billion, a P/E ratio of 77.36 and a beta of 1.80. Freshpet, Inc. has a twelve month low of $71.19 and a twelve month high of $164.07. The company has a current ratio of 4.72, a quick ratio of 3.91 and a debt-to-equity ratio of 0.41. The company has a fifty day moving average price of $84.37 and a two-hundred day moving average price of $124.81.

Freshpet (NASDAQ:FRPT - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.36 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.36. Freshpet had a return on equity of 3.92% and a net margin of 4.81%. The company had revenue of $262.71 million during the quarter, compared to the consensus estimate of $275.46 million. As a group, analysts forecast that Freshpet, Inc. will post 1.55 earnings per share for the current fiscal year.

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.