Allspring Global Investments Holdings LLC Has $7.90 Million Stock Position in Freshpet, Inc. (NASDAQ:FRPT)

Allspring Global Investments Holdings LLC boosted its holdings in shares of Freshpet, Inc. (NASDAQ:FRPT - Free Report) by 89.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 90,997 shares of the company's stock after acquiring an additional 42,973 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.19% of Freshpet worth $7,895,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of FRPT. RiverPark Advisors LLC bought a new stake in shares of Freshpet in the 3rd quarter valued at approximately $28,000. Washington Trust Advisors Inc. grew its stake in shares of Freshpet by 617.3% in the 4th quarter. Washington Trust Advisors Inc. now owns 581 shares of the company's stock valued at $50,000 after buying an additional 500 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new stake in shares of Freshpet in the 3rd quarter valued at approximately $59,000. Tower Research Capital LLC TRC grew its stake in shares of Freshpet by 1,185.5% in the 3rd quarter. Tower Research Capital LLC TRC now owns 977 shares of the company's stock valued at $64,000 after buying an additional 901 shares in the last quarter. Finally, Parkside Financial Bank & Trust grew its stake in shares of Freshpet by 873.8% in the 1st quarter. Parkside Financial Bank & Trust now owns 818 shares of the company's stock valued at $84,000 after buying an additional 734 shares in the last quarter.

Freshpet Stock Performance

Shares of NASDAQ FRPT traded down $1.31 during trading hours on Thursday, reaching $103.84. The stock had a trading volume of 310,197 shares, compared to its average volume of 616,928. The business's fifty day moving average is $106.09 and its two-hundred day moving average is $85.28. The company has a debt-to-equity ratio of 0.44, a current ratio of 4.79 and a quick ratio of 4.08. The company has a market cap of $5.01 billion, a price-to-earnings ratio of -146.25 and a beta of 1.23. Freshpet, Inc. has a twelve month low of $54.60 and a twelve month high of $117.76.

Freshpet (NASDAQ:FRPT - Get Free Report) last issued its earnings results on Monday, February 26th. The company reported $0.31 EPS for the quarter, beating analysts' consensus estimates of $0.09 by $0.22. Freshpet had a negative return on equity of 3.56% and a negative net margin of 4.38%. The business had revenue of $215.40 million during the quarter, compared to analyst estimates of $204.93 million. During the same period in the prior year, the company posted ($0.06) earnings per share. Freshpet's revenue was up 29.9% on a year-over-year basis. As a group, research analysts expect that Freshpet, Inc. will post 0.07 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently commented on FRPT shares. Oppenheimer boosted their price target on Freshpet from $100.00 to $115.00 and gave the company an "outperform" rating in a research note on Friday, February 16th. Truist Financial raised Freshpet from a "hold" rating to a "buy" rating and upped their target price for the stock from $120.00 to $135.00 in a research report on Monday, March 11th. Citigroup assumed coverage on Freshpet in a research report on Thursday, February 1st. They set a "neutral" rating and a $94.00 target price for the company. JPMorgan Chase & Co. upped their target price on Freshpet from $67.00 to $102.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 27th. Finally, TheStreet raised Freshpet from a "d+" rating to a "c-" rating in a research report on Thursday, December 21st. One analyst has rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat.com, Freshpet has a consensus rating of "Moderate Buy" and an average price target of $107.36.

Insiders Place Their Bets

In other Freshpet news, EVP Stephen Macchiaverna sold 7,130 shares of the stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $108.53, for a total transaction of $773,818.90. Following the completion of the transaction, the executive vice president now directly owns 85,056 shares in the company, valued at $9,231,127.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, COO Scott James Morris sold 2,500 shares of the stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $113.76, for a total transaction of $284,400.00. Following the sale, the chief operating officer now owns 122,380 shares in the company, valued at $13,921,948.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Stephen Macchiaverna sold 7,130 shares of the stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $108.53, for a total value of $773,818.90. Following the sale, the executive vice president now owns 85,056 shares in the company, valued at approximately $9,231,127.68. The disclosure for this sale can be found here. Insiders sold 15,762 shares of company stock worth $1,737,280 over the last three months. 3.60% of the stock is currently owned by corporate insiders.

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.