Charles Schwab Investment Management Inc. Acquires 626 Shares of Freshpet, Inc. (NASDAQ:FRPT)

Charles Schwab Investment Management Inc. boosted its holdings in shares of Freshpet, Inc. (NASDAQ:FRPT) by 0.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 440,307 shares of the company’s stock after acquiring an additional 626 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Freshpet were worth $65,214,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FRPT. Allspring Global Investments Holdings LLC grew its holdings in Freshpet by 198.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 381,385 shares of the company’s stock worth $55,065,000 after acquiring an additional 253,679 shares in the last quarter. Point72 Asset Management L.P. grew its holdings in Freshpet by 391.5% during the 3rd quarter. Point72 Asset Management L.P. now owns 234,626 shares of the company’s stock worth $32,090,000 after acquiring an additional 186,889 shares in the last quarter. WCM Investment Management LLC grew its holdings in Freshpet by 4.0% during 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 in the last quarter. Geneva Capital Management LLC boosted its holdings in shares of Freshpet by 166.2% in the 3rd quarter. Geneva Capital Management LLC now owns 84,221 shares of the company’s stock valued at $11,519,000 after buying an additional 52,584 shares in the last quarter. Finally, TimesSquare Capital Management LLC boosted its holdings in shares of Freshpet by 21.8% in the 4th quarter. TimesSquare Capital Management LLC now owns 243,187 shares of the company’s stock valued at $36,018,000 after buying an additional 43,595 shares in the last quarter.

Freshpet Stock Down 1.5 %

FRPT stock opened at $83.78 on Wednesday. Freshpet, Inc. has a 52 week low of $80.27 and a 52 week high of $164.07. 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 has a market capitalization of $4.08 billion, a PE ratio of 89.13 and a beta of 1.58. The firm has a 50 day moving average of $135.55 and a 200 day moving average of $140.70.

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

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. lowered their price target on shares of Freshpet from $154.00 to $102.00 and set an “overweight” rating on the stock in a report on Monday. StockNews.com cut shares of Freshpet from a “hold” rating to a “sell” rating in a report on Wednesday, November 20th. Oppenheimer cut shares of Freshpet from an “outperform” rating to a “market perform” rating in a report on Tuesday. Jefferies Financial Group upgraded shares of Freshpet from a “hold” rating to a “buy” rating and lowered their price target for the company from $155.00 to $150.00 in a report on Monday, February 24th. Finally, Piper Sandler lowered their price target on shares of Freshpet from $180.00 to $160.00 and set an “overweight” rating on the stock in a report on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $151.67.

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.