Redwood Investments LLC Sells 14,403 Shares of Freshpet, Inc. (NASDAQ:FRPT)

Redwood Investments LLC decreased its position in Freshpet, Inc. (NASDAQ:FRPT - Free Report) by 25.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 42,854 shares of the company's stock after selling 14,403 shares during the period. Freshpet makes up approximately 1.7% of Redwood Investments LLC's holdings, making the stock its 15th biggest position. Redwood Investments LLC owned 0.09% of Freshpet worth $6,347,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Geneos Wealth Management Inc. increased its holdings in shares of 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 buying an additional 151 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in shares of Freshpet by 130.9% in the fourth quarter. Jones Financial Companies Lllp now owns 217 shares of the company's stock valued at $32,000 after buying an additional 123 shares in the last quarter. R Squared Ltd bought a new position in shares of Freshpet in the fourth quarter valued at $39,000. IFP Advisors Inc bought a new position in shares of Freshpet in the fourth quarter valued at $43,000. Finally, SBI Securities Co. Ltd. bought a new position in shares of Freshpet in the fourth quarter valued at $43,000.

Freshpet Stock Up 5.2%

Freshpet stock traded up $4.37 during trading hours on Friday, hitting $87.65. The company had a trading volume of 1,923,281 shares, compared to its average volume of 854,485. The firm has a market capitalization of $4.28 billion, a P/E ratio of 93.24 and a beta of 1.85. The company has a debt-to-equity ratio of 0.41, a current ratio of 4.72 and a quick ratio of 3.91. The firm's fifty day moving average is $80.67 and its 200-day moving average is $120.45. Freshpet, Inc. has a fifty-two week low of $71.19 and a fifty-two week high of $164.07.

Freshpet (NASDAQ:FRPT - Get Free Report) last posted its earnings results on Monday, May 5th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.04). The business had revenue of $263.25 million during the quarter, compared to the consensus estimate of $265.57 million. Freshpet had a return on equity of 3.92% and a net margin of 4.81%. The business's revenue was up 17.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.37 earnings per share. On average, research analysts forecast that Freshpet, Inc. will post 1.55 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on FRPT. Truist Financial cut Freshpet from a "buy" rating to a "hold" rating and dropped their price target for the company from $90.00 to $80.00 in a report on Wednesday, April 30th. Jefferies Financial Group upgraded shares of Freshpet from a "hold" rating to a "buy" rating and cut their price target for the company from $155.00 to $150.00 in a report on Monday, February 24th. Benchmark cut their price target on shares of Freshpet from $140.00 to $120.00 and set a "buy" rating on the stock in a report on Tuesday, May 6th. 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. Finally, Robert W. Baird cut their price target on shares of Freshpet from $125.00 to $115.00 and set an "outperform" rating on the stock in a report on Tuesday, May 6th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $135.73.

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.