Algert Global LLC Buys 25,140 Shares of Freshpet, Inc. (NASDAQ:FRPT)

Algert Global LLC grew its holdings in Freshpet, Inc. (NASDAQ:FRPT - Free Report) by 53.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 72,444 shares of the company's stock after acquiring an additional 25,140 shares during the period. Algert Global LLC owned about 0.15% of Freshpet worth $10,730,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of FRPT. Vanguard Group Inc. increased its position in Freshpet by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 4,652,556 shares of the company's stock worth $689,090,000 after purchasing an additional 46,844 shares during the period. WCM Investment Management LLC increased its position 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 purchasing an additional 110,478 shares during the last quarter. Geode Capital Management LLC boosted its position in Freshpet by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 844,744 shares of the company's stock worth $127,446,000 after purchasing an additional 9,081 shares during the period. Norges Bank acquired a new position in Freshpet during the 4th quarter worth $75,253,000. Finally, Northern Trust Corp lifted its holdings in Freshpet by 14.7% during the 4th quarter. Northern Trust Corp now owns 408,633 shares of the company's stock worth $60,523,000 after buying an additional 52,284 shares during the last quarter.

Freshpet Price Performance

FRPT stock traded up $0.38 during midday trading on Friday, reaching $82.42. 423,365 shares of the stock were exchanged, compared to its average volume of 832,895. The company has a fifty day moving average price of $81.88 and a 200 day moving average price of $122.72. Freshpet, Inc. has a 52 week low of $71.19 and a 52 week high of $164.07. The stock has a market capitalization of $4.02 billion, a PE ratio of 87.68 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.

Freshpet (NASDAQ:FRPT - Get Free Report) last posted its earnings results on Monday, May 5th. The company reported $0.09 earnings per share for the quarter, missing analysts' consensus estimates of $0.13 by ($0.04). The business had revenue of $263.25 million for 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 company's revenue was up 17.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.37 earnings per share. As a group, analysts expect that Freshpet, Inc. will post 1.55 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

FRPT has been the subject of several recent analyst reports. Jefferies Financial Group raised Freshpet from a "hold" rating to a "buy" rating and decreased their price target for the stock from $155.00 to $150.00 in a research note on Monday, February 24th. Stifel Nicolaus lowered their target price on Freshpet from $135.00 to $115.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Truist Financial cut Freshpet from a "buy" rating to a "hold" rating and reduced their price target for the stock from $90.00 to $80.00 in a research report on Wednesday, April 30th. JPMorgan Chase & Co. lowered their target price on Freshpet from $91.00 to $85.00 and set a "neutral" rating on the stock in a report on Tuesday. Finally, Benchmark reduced their target price on shares of Freshpet from $140.00 to $120.00 and set a "buy" rating for the company in a research note on Tuesday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat, Freshpet currently has a consensus rating of "Moderate Buy" and a consensus target price of $135.73.

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.