Aquatic Capital Management LLC Sells 34,760 Shares of Freshpet, Inc. (NASDAQ:FRPT)

Aquatic Capital Management LLC lessened its position in shares of Freshpet, Inc. (NASDAQ:FRPT - Free Report) by 34.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 66,540 shares of the company's stock after selling 34,760 shares during the period. Aquatic Capital Management LLC owned 0.14% of Freshpet worth $9,855,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. M&T Bank Corp grew its position in Freshpet by 3.2% during the fourth quarter. M&T Bank Corp now owns 2,253 shares of the company's stock worth $333,000 after buying an additional 70 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Freshpet by 1.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 5,887 shares of the company's stock worth $805,000 after purchasing an additional 75 shares during the last quarter. Freedom Investment Management Inc. grew its holdings in shares of Freshpet by 5.3% in the fourth quarter. Freedom Investment Management Inc. now owns 1,678 shares of the company's stock worth $249,000 after purchasing an additional 84 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Freshpet by 19.1% in the fourth quarter. GAMMA Investing LLC now owns 573 shares of the company's stock worth $85,000 after purchasing an additional 92 shares during the last quarter. Finally, Arizona State Retirement System grew its holdings in shares of Freshpet by 0.8% in the fourth quarter. Arizona State Retirement System now owns 13,350 shares of the company's stock worth $1,977,000 after purchasing an additional 101 shares during the last quarter.

Freshpet Stock Performance

Shares of Freshpet stock traded down $0.35 during trading hours on Thursday, reaching $73.19. 307,060 shares of the stock traded hands, compared to its average volume of 1,348,342. The company has a 50 day moving average price of $85.07 and a 200 day moving average price of $125.30. The firm has a market capitalization of $3.57 billion, a price-to-earnings ratio of 77.86 and a beta of 1.80. Freshpet, Inc. has a one year low of $71.19 and a one year high of $164.07. 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 (NASDAQ:FRPT - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.36 earnings per share for the quarter, meeting the consensus estimate of $0.36. The business had revenue of $262.71 million for the quarter, compared to the consensus estimate of $275.46 million. Freshpet had a net margin of 4.81% and a return on equity of 3.92%. On average, equities research analysts expect that Freshpet, Inc. will post 1.55 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on FRPT. Oppenheimer cut shares of Freshpet from an "outperform" rating to a "market perform" rating in a report on Tuesday, March 11th. Stifel Nicolaus cut their price target on shares of Freshpet from $135.00 to $115.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. JPMorgan Chase & Co. lowered their price objective on Freshpet from $102.00 to $91.00 and set a "neutral" rating for the company in a research report on Thursday, April 10th. Jefferies Financial Group raised Freshpet from a "hold" rating to a "buy" rating and lowered their price objective for the company from $155.00 to $150.00 in a research report on Monday, February 24th. Finally, Citigroup lowered their price objective on Freshpet from $155.00 to $142.00 and set a "neutral" rating for the company in a research report on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $138.80.

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.