Xponance Inc. Boosts Stake in Freshpet, Inc. (NASDAQ:FRPT)

Xponance Inc. lifted its holdings in Freshpet, Inc. (NASDAQ:FRPT) by 7.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,611 shares of the company’s stock after buying an additional 238 shares during the quarter. Xponance Inc.’s holdings in Freshpet were worth $300,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Vident Advisory LLC raised its holdings in Freshpet by 4.0% during the fourth quarter. Vident Advisory LLC now owns 2,111 shares of the company’s stock worth $313,000 after purchasing an additional 82 shares during the last quarter. Freedom Investment Management Inc. raised its holdings in Freshpet by 5.3% during the fourth quarter. Freedom Investment Management Inc. now owns 1,678 shares of the company’s stock worth $249,000 after purchasing an additional 84 shares during the last quarter. Treasurer of the State of North Carolina raised its holdings in Freshpet by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 20,462 shares of the company’s stock worth $3,031,000 after purchasing an additional 120 shares during the last quarter. Elequin Capital LP acquired a new position in Freshpet during the fourth quarter worth $29,000. Finally, Tidal Investments LLC raised its holdings in Freshpet by 10.4% during the fourth quarter. Tidal Investments LLC now owns 2,174 shares of the company’s stock worth $322,000 after purchasing an additional 205 shares during the last quarter.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. reduced their price objective on Freshpet from $91.00 to $85.00 and set a “neutral” rating for the company in a report on Tuesday, May 6th. Robert W. Baird cut their price target on Freshpet from $125.00 to $115.00 and set an “outperform” rating for the company in a report on Tuesday, May 6th. Benchmark cut their price target on Freshpet from $140.00 to $120.00 and set a “buy” rating for the company in a report on Tuesday, May 6th. UBS Group began coverage on Freshpet in a report on Monday, June 16th. They issued a “sell” rating and a $65.00 price target for the company. Finally, Piper Sandler cut their price target on Freshpet from $160.00 to $145.00 and set an “overweight” rating for the company in a report on Tuesday, March 25th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $119.14.

Freshpet Stock Performance

Shares of NASDAQ:FRPT opened at $70.82 on Friday. The firm has a market capitalization of $3.45 billion, a PE ratio of 228.45, a P/E/G ratio of 1.36 and a beta of 1.79. The company has a debt-to-equity ratio of 0.41, a current ratio of 4.91 and a quick ratio of 3.92. The business has a 50-day moving average of $76.04 and a two-hundred day moving average of $97.53. Freshpet, Inc. has a 12 month low of $66.75 and a 12 month high of $164.07.

Freshpet (NASDAQ:FRPT) last posted its earnings results on Monday, May 5th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.04). Freshpet had a net margin of 1.54% and a return on equity of 3.16%. The company had revenue of $263.25 million during the quarter, compared to analyst estimates of $265.57 million. During the same quarter last year, the business posted $0.37 EPS. Freshpet’s quarterly revenue was up 17.6% compared to the same quarter last year. As a group, research analysts forecast that Freshpet, Inc. will post 1.55 earnings per share for the current year.

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.