Hsbc Holdings PLC Has $3.90 Million Stock Position in Freshpet, Inc. (NASDAQ:FRPT)

Hsbc Holdings PLC boosted its holdings in shares of Freshpet, Inc. (NASDAQ:FRPT - Free Report) by 16.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 26,267 shares of the company's stock after acquiring an additional 3,666 shares during the quarter. Hsbc Holdings PLC owned 0.05% of Freshpet worth $3,902,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Virtu Financial LLC acquired a new stake in shares of Freshpet during the third quarter worth approximately $226,000. Wilmington Savings Fund Society FSB purchased a new stake in Freshpet in the 3rd quarter worth approximately $32,000. GAMMA Investing LLC boosted its stake in shares of Freshpet by 19.1% during the 4th quarter. GAMMA Investing LLC now owns 573 shares of the company's stock valued at $85,000 after buying an additional 92 shares during the period. Silverleafe Capital Partners LLC acquired a new stake in shares of Freshpet during the 4th quarter valued at $678,000. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in shares of Freshpet by 1.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,887 shares of the company's stock valued at $805,000 after acquiring an additional 75 shares in the last quarter.

Freshpet Trading Up 0.7 %

Shares of FRPT stock opened at $73.91 on Wednesday. The firm has a market capitalization of $3.60 billion, a P/E ratio of 78.63 and a beta of 1.80. Freshpet, Inc. has a 1 year low of $71.19 and a 1 year high of $164.07. The firm's fifty day simple moving average is $85.61 and its 200 day simple moving average is $125.66. 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 posted its quarterly earnings data on Thursday, February 20th. The company reported $0.36 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.36. Freshpet had a net margin of 4.81% and a return on equity of 3.92%. The company had revenue of $262.71 million for the quarter, compared to the consensus estimate of $275.46 million. As a group, sell-side analysts predict that Freshpet, Inc. will post 1.55 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently issued reports on FRPT. Benchmark reduced their price objective on Freshpet from $195.00 to $140.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. Truist Financial lowered their price target on Freshpet from $110.00 to $90.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Wells Fargo & Company cut their price objective on shares of Freshpet from $142.00 to $110.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 2nd. Jefferies Financial Group upgraded shares of Freshpet from a "hold" rating to a "buy" rating and reduced their target price for the company from $155.00 to $150.00 in a research note on Monday, February 24th. Finally, Citigroup dropped their price target on shares of Freshpet from $155.00 to $142.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 12th. One 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. According to MarketBeat.com, Freshpet has an average rating of "Moderate Buy" and a consensus 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.

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