Freshpet, Inc. (NASDAQ:FRPT) Shares Sold by Fuller & Thaler Asset Management Inc.

Fuller & Thaler Asset Management Inc. lowered its stake in shares of Freshpet, Inc. (NASDAQ:FRPT - Free Report) by 16.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 436,400 shares of the company's stock after selling 88,391 shares during the quarter. Fuller & Thaler Asset Management Inc. owned 0.90% of Freshpet worth $64,635,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of FRPT. Vanguard Group Inc. grew its position in Freshpet by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 4,652,556 shares of the company's stock valued at $689,090,000 after acquiring an additional 46,844 shares during the last quarter. WCM Investment Management LLC grew its position in Freshpet by 4.0% in the 4th quarter. WCM Investment Management LLC now owns 2,881,855 shares of the company's stock valued at $430,809,000 after acquiring an additional 110,478 shares during the last quarter. Geode Capital Management LLC grew its position in Freshpet by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 844,744 shares of the company's stock valued at $127,446,000 after acquiring an additional 9,081 shares during the last quarter. Norges Bank bought a new position in Freshpet in the 4th quarter valued at $75,253,000. Finally, Allspring Global Investments Holdings LLC grew its position in shares of Freshpet by 198.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 381,385 shares of the company's stock worth $55,065,000 after buying an additional 253,679 shares in the last quarter.

Freshpet Price Performance

FRPT traded down $0.57 during midday trading on Tuesday, hitting $72.83. 211,044 shares of the company traded hands, compared to its average volume of 810,193. 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 market capitalization of $3.55 billion, a price-to-earnings ratio of 77.28 and a beta of 1.80. Freshpet, Inc. has a 52-week low of $71.15 and a 52-week high of $164.07. The business has a 50 day simple moving average of $86.26 and a two-hundred day simple moving average of $126.02.

Freshpet (NASDAQ:FRPT - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.36 earnings per share (EPS) 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 analysts forecast that Freshpet, Inc. will post 1.55 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have commented on FRPT shares. JPMorgan Chase & Co. cut their target price on shares of Freshpet from $102.00 to $91.00 and set a "neutral" rating on the stock in a research report on Thursday, April 10th. Truist Financial cut their price objective on shares of Freshpet from $110.00 to $90.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Citigroup cut their price objective on shares of Freshpet from $155.00 to $142.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 12th. Robert W. Baird set a $125.00 target price on shares of Freshpet in a research note on Wednesday, April 16th. Finally, Piper Sandler lowered their target price on shares of Freshpet from $160.00 to $145.00 and set an "overweight" rating for the company in a research note on Tuesday, March 25th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $139.47.

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.