Schonfeld Strategic Advisors LLC Makes New Investment in Freshpet, Inc. (NASDAQ:FRPT)

Schonfeld Strategic Advisors LLC bought a new stake in Freshpet, Inc. (NASDAQ:FRPT - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 11,980 shares of the company's stock, valued at approximately $1,774,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. M&T Bank Corp boosted its holdings in Freshpet by 3.2% in the 4th quarter. M&T Bank Corp now owns 2,253 shares of the company's stock valued at $333,000 after purchasing an additional 70 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Freshpet by 1.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 5,887 shares of the company's stock valued at $805,000 after buying an additional 75 shares during the period. Freedom Investment Management Inc. boosted its stake in shares of Freshpet by 5.3% in the fourth quarter. Freedom Investment Management Inc. now owns 1,678 shares of the company's stock valued at $249,000 after buying an additional 84 shares during the period. GAMMA Investing LLC grew its position in Freshpet by 19.1% during the fourth quarter. GAMMA Investing LLC now owns 573 shares of the company's stock worth $85,000 after buying an additional 92 shares in the last quarter. Finally, Arizona State Retirement System increased its stake in Freshpet by 0.8% during the 4th quarter. Arizona State Retirement System now owns 13,350 shares of the company's stock worth $1,977,000 after acquiring an additional 101 shares during the period.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on FRPT shares. Benchmark reduced their target price on Freshpet from $195.00 to $140.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. Wells Fargo & Company reduced their price objective on shares of Freshpet from $142.00 to $110.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 2nd. Citigroup dropped their target price on shares of Freshpet from $155.00 to $142.00 and set a "neutral" rating for the company in a research report on Wednesday, February 12th. Truist Financial lowered shares of Freshpet from a "buy" rating to a "hold" rating and reduced their price target for the stock from $90.00 to $80.00 in a research report on Wednesday, April 30th. Finally, Oppenheimer downgraded shares of Freshpet from an "outperform" rating to a "market perform" rating in a research report on Tuesday, March 11th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat, Freshpet has an average rating of "Moderate Buy" and an average price target of $138.80.

Freshpet Stock Performance

NASDAQ:FRPT opened at $79.09 on Tuesday. The stock's 50-day moving average is $83.21 and its 200-day moving average is $123.69. Freshpet, Inc. has a 1-year low of $71.19 and a 1-year high of $164.07. The company has a current ratio of 4.72, a quick ratio of 3.91 and a debt-to-equity ratio of 0.41. The stock has a market cap of $3.85 billion, a P/E ratio of 84.14 and a beta of 1.85.

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

About Freshpet

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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