Price T Rowe Associates Inc. MD Sells 20,561 Shares of Freshpet, Inc. (NASDAQ:FRPT)

Price T Rowe Associates Inc. MD trimmed its position in Freshpet, Inc. (NASDAQ:FRPT - Free Report) by 18.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 88,147 shares of the company's stock after selling 20,561 shares during the quarter. Price T Rowe Associates Inc. MD owned about 0.18% of Freshpet worth $13,057,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of FRPT. Vanguard Group Inc. increased its position in Freshpet by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 4,652,556 shares of the company's stock worth $689,090,000 after acquiring an additional 46,844 shares during the period. WCM Investment Management LLC lifted its position 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 worth $430,809,000 after acquiring an additional 110,478 shares during the period. Geode Capital Management LLC grew its holdings in shares of Freshpet by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 844,744 shares of the company's stock worth $127,446,000 after purchasing an additional 9,081 shares in the last quarter. Norges Bank bought a new stake in shares of Freshpet during the fourth quarter valued at approximately $75,253,000. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of Freshpet by 198.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 381,385 shares of the company's stock valued at $55,065,000 after purchasing an additional 253,679 shares in the last quarter.

Freshpet Trading Up 0.7 %

NASDAQ FRPT traded up $0.60 during trading on Wednesday, reaching $81.52. 625,042 shares of the stock traded hands, compared to its average volume of 833,089. Freshpet, Inc. has a fifty-two week low of $71.19 and a fifty-two week high of $164.07. The firm has a market cap of $3.97 billion, a price-to-earnings ratio of 86.71 and a beta of 1.85. The company has a quick ratio of 3.91, a current ratio of 4.72 and a debt-to-equity ratio of 0.41. The stock's 50-day moving average price is $82.68 and its 200 day moving average price is $123.39.

Freshpet (NASDAQ:FRPT - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.04). Freshpet had a return on equity of 3.92% and a net margin of 4.81%. The business had revenue of $263.25 million during the quarter, compared to the consensus estimate of $265.57 million. During the same quarter last year, the company earned $0.37 earnings per share. The firm's revenue was up 17.6% compared to the same quarter last year. Analysts predict that Freshpet, Inc. will post 1.55 EPS for the current year.

Analyst Upgrades and Downgrades

FRPT has been the subject of a number of recent research reports. Oppenheimer cut shares of Freshpet from an "outperform" rating to a "market perform" rating in a research note on Tuesday, March 11th. Citigroup dropped their price objective 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. JPMorgan Chase & Co. decreased their price objective on shares of Freshpet from $91.00 to $85.00 and set a "neutral" rating on the stock in a report on Tuesday. Piper Sandler lowered their target price on Freshpet from $160.00 to $145.00 and set an "overweight" rating for the company in a research note on Tuesday, March 25th. Finally, Wells Fargo & Company cut their target price on shares of Freshpet from $110.00 to $100.00 and set an "overweight" rating on the stock in a research report on Tuesday. One research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, Freshpet presently has an average rating of "Moderate Buy" and an average price target of $135.73.

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.