Redwood Investments LLC lessened its position in Freshpet, Inc. (NASDAQ:FRPT - Free Report) by 25.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 42,854 shares of the company's stock after selling 14,403 shares during the quarter. Freshpet makes up about 1.7% of Redwood Investments LLC's investment portfolio, making the stock its 15th largest holding. Redwood Investments LLC owned about 0.09% of Freshpet worth $6,347,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Quantinno Capital Management LP bought a new position in Freshpet during the 4th quarter valued at approximately $289,000. Nicholas Investment Partners LP raised its holdings in Freshpet by 4.3% in the 4th quarter. Nicholas Investment Partners LP now owns 46,361 shares of the company's stock worth $6,867,000 after purchasing an additional 1,892 shares during the period. Morse Asset Management Inc bought a new position in shares of Freshpet during the 4th quarter valued at approximately $70,000. Hudson Bay Capital Management LP purchased a new position in shares of Freshpet during the 4th quarter valued at $2,108,000. Finally, Graham Capital Management L.P. raised its holdings in Freshpet by 70.0% during the fourth quarter. Graham Capital Management L.P. now owns 20,506 shares of the company's stock valued at $3,037,000 after acquiring an additional 8,441 shares during the period.
Analyst Upgrades and Downgrades
Several equities analysts recently weighed in on FRPT shares. Robert W. Baird cut their target price on shares of Freshpet from $125.00 to $115.00 and set an "outperform" rating for the company in a research note on Tuesday, May 6th. Citigroup cut their price objective on Freshpet from $155.00 to $142.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 12th. Piper Sandler lowered their price target on Freshpet from $160.00 to $145.00 and set an "overweight" rating for the company in a report on Tuesday, March 25th. Wells Fargo & Company reduced their price target on shares of Freshpet from $110.00 to $100.00 and set an "overweight" rating for the company in a report on Tuesday, May 6th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Freshpet from $91.00 to $85.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 6th. One 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. Based on data from MarketBeat.com, Freshpet currently has an average rating of "Moderate Buy" and a consensus target price of $135.73.
Get Our Latest Report on Freshpet
Freshpet Stock Performance
FRPT traded up $1.15 on Tuesday, reaching $88.67. The stock had a trading volume of 310,605 shares, compared to its average volume of 1,372,229. The business's 50-day moving average price is $80.69 and its two-hundred day moving average price is $120.04. The company has a market cap of $4.32 billion, a P/E ratio of 94.32 and a beta of 1.85. Freshpet, Inc. has a 12-month low of $71.19 and a 12-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.
Freshpet (NASDAQ:FRPT - Get Free Report) last released its earnings results on Monday, May 5th. The company reported $0.09 EPS for the quarter, missing analysts' consensus estimates of $0.13 by ($0.04). Freshpet had a return on equity of 3.92% and a net margin of 4.81%. The company had revenue of $263.25 million for the quarter, compared to analysts' expectations of $265.57 million. During the same period in the prior year, the firm earned $0.37 EPS. The firm's revenue for the quarter was up 17.6% on a year-over-year basis. Sell-side analysts forecast that Freshpet, Inc. will post 1.55 earnings per share for the current year.
Freshpet Profile
(
Free Report)
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.
Recommended Stories
Before you consider Freshpet, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Freshpet wasn't on the list.
While Freshpet currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
