Oberweis Asset Management Inc. Takes $13.97 Million Position in Freshpet, Inc. (NASDAQ:FRPT)

Oberweis Asset Management Inc. acquired a new stake in Freshpet, Inc. (NASDAQ:FRPT - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 94,300 shares of the company's stock, valued at approximately $13,967,000. Oberweis Asset Management Inc. owned about 0.19% of Freshpet as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new stake in Freshpet during the fourth quarter worth approximately $75,253,000. Allspring Global Investments Holdings LLC grew its holdings in shares of Freshpet by 198.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 381,385 shares of the company's stock worth $55,065,000 after purchasing an additional 253,679 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Freshpet by 267.0% during the fourth quarter. Renaissance Technologies LLC now owns 155,596 shares of the company's stock worth $23,045,000 after purchasing an additional 113,200 shares in the last quarter. WCM Investment Management LLC lifted its holdings in shares of 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 purchasing an additional 110,478 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in shares of Freshpet by 143.8% in the 4th quarter. Envestnet Asset Management Inc. now owns 173,310 shares of the company's stock valued at $25,669,000 after purchasing an additional 102,232 shares during the period.

Freshpet Stock Performance

Freshpet stock traded up $0.51 during mid-day trading on Tuesday, hitting $73.91. 327,109 shares of the company's stock traded hands, compared to its average volume of 810,668. Freshpet, Inc. has a one year low of $71.15 and a one year high of $164.07. The company has a market cap of $3.60 billion, a PE ratio of 78.59 and a beta of 1.80. The firm has a 50 day moving average price of $86.26 and a 200 day moving average price of $126.02. The company has a quick ratio of 3.91, a current ratio of 4.72 and a debt-to-equity ratio of 0.41.

Freshpet (NASDAQ:FRPT - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.36 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.36. The firm had revenue of $262.71 million during the quarter, compared to analyst estimates of $275.46 million. Freshpet had a return on equity of 3.92% and a net margin of 4.81%. On average, equities analysts forecast that Freshpet, Inc. will post 1.55 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on FRPT shares. Piper Sandler decreased their price objective on Freshpet from $160.00 to $145.00 and set an "overweight" rating for the company in a report on Tuesday, March 25th. Robert W. Baird set a $125.00 price objective on shares of Freshpet in a research report on Wednesday, April 16th. Citigroup reduced their target price on shares of Freshpet from $155.00 to $142.00 and set a "neutral" rating for the company in a report on Wednesday, February 12th. Truist Financial dropped their price target on Freshpet from $110.00 to $90.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Finally, Oppenheimer downgraded Freshpet from an "outperform" rating to a "market perform" rating in a research note on Tuesday, March 11th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $139.47.

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.