Graham Capital Management L.P. Has $3.04 Million Holdings in Freshpet, Inc. (NASDAQ:FRPT)

Graham Capital Management L.P. increased its stake in Freshpet, Inc. (NASDAQ:FRPT - Free Report) by 70.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,506 shares of the company's stock after purchasing an additional 8,441 shares during the quarter. Graham Capital Management L.P.'s holdings in Freshpet were worth $3,037,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of FRPT. Geneos Wealth Management Inc. raised its position in Freshpet by 302.0% in the fourth quarter. Geneos Wealth Management Inc. now owns 201 shares of the company's stock worth $30,000 after acquiring an additional 151 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Freshpet in the third quarter worth about $32,000. Jones Financial Companies Lllp raised its position in Freshpet by 130.9% in the fourth quarter. Jones Financial Companies Lllp now owns 217 shares of the company's stock worth $32,000 after acquiring an additional 123 shares in the last quarter. R Squared Ltd bought a new stake in Freshpet in the fourth quarter worth about $39,000. Finally, IFP Advisors Inc bought a new stake in Freshpet in the fourth quarter worth about $43,000.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Truist Financial cut shares of Freshpet from a "buy" rating to a "hold" rating and dropped their price target for the stock from $90.00 to $80.00 in a research report on Wednesday, April 30th. JPMorgan Chase & Co. cut their price objective on Freshpet from $91.00 to $85.00 and set a "neutral" rating on the stock in a report on Tuesday, May 6th. Wells Fargo & Company cut their price objective on Freshpet from $110.00 to $100.00 and set an "overweight" rating on the stock in a report on Tuesday, May 6th. Stifel Nicolaus cut their price objective on Freshpet from $135.00 to $115.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Finally, Jefferies Financial Group upgraded Freshpet from a "hold" rating to a "buy" rating and cut their price objective for the stock from $155.00 to $150.00 in a report on Monday, February 24th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $135.73.

Freshpet Stock Performance

Freshpet stock traded up $1.47 during trading hours on Wednesday, reaching $78.78. 1,371,307 shares of the company were exchanged, compared to its average volume of 844,610. The firm has a market cap of $3.84 billion, a price-to-earnings ratio of 83.81 and a beta of 1.85. 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 stock has a 50-day moving average of $80.63 and a 200 day moving average of $121.22. Freshpet, Inc. has a 12 month low of $71.19 and a 12 month high of $164.07.

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

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.