Hudson Bay Capital Management LP Invests $2.11 Million in Freshpet, Inc. (NASDAQ:FRPT)

Hudson Bay Capital Management LP acquired a new position in Freshpet, Inc. (NASDAQ:FRPT - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 14,230 shares of the company's stock, valued at approximately $2,108,000.

A number of other institutional investors and hedge funds have also modified their holdings of FRPT. Geneos Wealth Management Inc. lifted its stake in shares of 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 buying an additional 151 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in shares of 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 buying an additional 123 shares during the last quarter. R Squared Ltd acquired a new stake in shares of Freshpet in the fourth quarter worth $39,000. IFP Advisors Inc acquired a new stake in shares of Freshpet in the fourth quarter worth $43,000. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Freshpet in the fourth quarter worth $43,000.

Analyst Ratings Changes

A number of analysts have recently weighed in on FRPT shares. Benchmark reduced their price objective on shares of Freshpet from $140.00 to $120.00 and set a "buy" rating for the company in a research note on Tuesday, May 6th. Wells Fargo & Company reduced their price objective on shares of Freshpet from $110.00 to $100.00 and set an "overweight" rating for the company in a research note on Tuesday, May 6th. JPMorgan Chase & Co. cut their target price on shares of Freshpet from $91.00 to $85.00 and set a "neutral" rating for the company in a research note on Tuesday, May 6th. Truist Financial cut shares of Freshpet from a "buy" rating to a "hold" rating and cut their target price for the company from $90.00 to $80.00 in a research note on Wednesday, April 30th. Finally, Stifel Nicolaus cut their target price on shares of Freshpet from $135.00 to $115.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. One analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $135.73.

Freshpet Price Performance

Shares of FRPT stock traded up $4.37 during mid-day trading on Friday, reaching $87.65. The company's stock had a trading volume of 1,923,281 shares, compared to its average volume of 852,377. Freshpet, Inc. has a 1-year low of $71.19 and a 1-year high of $164.07. The company has a market cap of $4.28 billion, a P/E ratio of 93.24 and a beta of 1.85. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.91 and a current ratio of 4.72. The firm's 50-day moving average is $80.67 and its two-hundred day moving average is $120.54.

Freshpet (NASDAQ:FRPT - Get Free Report) last announced its quarterly earnings data 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). Freshpet had a net margin of 4.81% and a return on equity of 3.92%. The business had revenue of $263.25 million during the quarter, compared to analyst estimates of $265.57 million. During the same quarter in the prior year, the company posted $0.37 EPS. The company's quarterly revenue was up 17.6% compared to the same quarter last year. On average, research analysts predict 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.