American Century Companies Inc. Acquires 1,926 Shares of Freshpet, Inc. (NASDAQ:FRPT)

American Century Companies Inc. lifted its holdings in shares of Freshpet, Inc. (NASDAQ:FRPT) by 1.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 152,610 shares of the company’s stock after buying an additional 1,926 shares during the quarter. American Century Companies Inc.’s holdings in Freshpet were worth $22,603,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. WCM Investment Management LLC lifted its position in shares of Freshpet by 4.0% during the fourth 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. Geode Capital Management LLC lifted its holdings in Freshpet by 4.7% during the 3rd quarter. Geode Capital Management LLC now owns 835,663 shares of the company’s stock worth $115,650,000 after purchasing an additional 37,287 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Freshpet by 198.6% in the 4th 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 period. TimesSquare Capital Management LLC grew its holdings in Freshpet by 21.8% during 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. Finally, Point72 Asset Management L.P. increased its position in shares of Freshpet by 391.5% during the third quarter. Point72 Asset Management L.P. now owns 234,626 shares of the company’s stock valued at $32,090,000 after buying an additional 186,889 shares during the period.

Freshpet Price Performance

FRPT stock opened at $84.39 on Monday. The firm has a market cap of $4.11 billion, a P/E ratio of 89.78 and a beta of 1.58. The firm’s fifty day moving average is $118.17 and its 200 day moving average is $135.75. Freshpet, Inc. has a 52 week low of $80.27 and a 52 week high of $164.07. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.91 and a current ratio of 4.72.

Freshpet (NASDAQ:FRPT) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.36 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.36. Freshpet had a return on equity of 3.92% and a net margin of 4.81%. The firm had revenue of $262.71 million for the quarter, compared to analysts’ expectations of $275.46 million. Research analysts predict that Freshpet, Inc. will post 1.55 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently commented on FRPT shares. Truist Financial reaffirmed a “buy” rating and set a $140.00 price objective (down previously from $170.00) on shares of Freshpet in a research note on Tuesday, February 25th. Stifel Nicolaus decreased their price target on shares of Freshpet from $155.00 to $135.00 and set a “buy” rating on the stock in a report on Monday, March 10th. Piper Sandler dropped their price objective on Freshpet from $160.00 to $145.00 and set an “overweight” rating for the company in a research note on Tuesday, March 25th. JPMorgan Chase & Co. decreased their target price on Freshpet from $154.00 to $102.00 and set an “overweight” rating on the stock in a research note on Monday, March 10th. Finally, Citigroup dropped their price target on Freshpet from $155.00 to $142.00 and set a “neutral” rating for the company in a research report on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $150.67.

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.