Freshpet, Inc. (NASDAQ:FRPT) Shares Acquired by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA lifted its position in shares of Freshpet, Inc. (NASDAQ:FRPT) by 14.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 6,419 shares of the company’s stock after buying an additional 816 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Freshpet were worth $951,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Geneos Wealth Management Inc. lifted its stake in shares of Freshpet by 302.0% during the 4th quarter. Geneos Wealth Management Inc. now owns 201 shares of the company’s stock worth $30,000 after purchasing an additional 151 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in Freshpet in the third quarter valued at $32,000. Jones Financial Companies Lllp lifted its position in Freshpet by 130.9% during the fourth quarter. Jones Financial Companies Lllp now owns 217 shares of the company’s stock worth $32,000 after buying an additional 123 shares during the period. R Squared Ltd acquired a new stake in Freshpet in the 4th quarter worth about $39,000. Finally, IFP Advisors Inc purchased a new stake in Freshpet in the 4th quarter valued at about $43,000.

Freshpet Stock Performance

Freshpet stock opened at $79.49 on Monday. The firm has a market capitalization of $3.87 billion, a PE ratio of 84.56 and a beta of 1.80. Freshpet, Inc. has a one year low of $77.15 and a one year high of $164.07. The stock’s 50 day moving average price is $110.68 and its 200 day moving average price is $133.73. 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 posted 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. The company 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%. As a group, sell-side analysts expect that Freshpet, Inc. will post 1.55 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on FRPT shares. Oppenheimer cut shares of Freshpet from an “outperform” rating to a “market perform” rating in a research report on Tuesday, March 11th. Wells Fargo & Company decreased their price target on shares of Freshpet from $142.00 to $110.00 and set an “overweight” rating on the stock in a report on Wednesday, April 2nd. Piper Sandler dropped 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. Stifel Nicolaus reduced their target price on Freshpet from $155.00 to $135.00 and set a “buy” rating on the stock in a report on Monday, March 10th. Finally, Truist Financial dropped their price target on Freshpet from $140.00 to $110.00 and set a “buy” rating for the company in a research note on Monday, March 31st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $146.53.

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.