Zurcher Kantonalbank Zurich Cantonalbank Buys 1,754 Shares of Freshpet, Inc. (NASDAQ:FRPT)

Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Freshpet, Inc. (NASDAQ:FRPT) by 16.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,667 shares of the company’s stock after acquiring an additional 1,754 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Freshpet were worth $1,876,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in FRPT. Allspring Global Investments Holdings LLC raised its stake in shares of Freshpet by 198.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 381,385 shares of the company’s stock valued at $55,065,000 after acquiring an additional 253,679 shares in the last quarter. Point72 Asset Management L.P. raised its stake in shares of Freshpet by 391.5% in the 3rd quarter. Point72 Asset Management L.P. now owns 234,626 shares of the company’s stock valued at $32,090,000 after acquiring an additional 186,889 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Freshpet by 54.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 439,681 shares of the company’s stock valued at $60,135,000 after buying an additional 154,909 shares during the last quarter. WCM Investment Management LLC grew its holdings in Freshpet by 4.0% in the 4th quarter. WCM Investment Management LLC now owns 2,881,855 shares of the company’s stock valued at $430,809,000 after buying an additional 110,478 shares during the last quarter. Finally, TimesSquare Capital Management LLC grew its holdings in 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 during the last quarter.

Freshpet Price Performance

Freshpet stock opened at $89.32 on Tuesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 4.72 and a quick ratio of 3.91. The company has a market capitalization of $4.35 billion, a PE ratio of 95.02 and a beta of 1.58. Freshpet, Inc. has a one year low of $80.27 and a one year high of $164.07. The business has a 50 day simple moving average of $129.60 and a 200 day simple moving average of $138.96.

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

Analyst Upgrades and Downgrades

A number of analysts have issued reports on FRPT shares. Wells Fargo & Company lowered their target price on Freshpet from $170.00 to $142.00 and set an “overweight” rating on the stock in a report on Friday, February 21st. Stifel Nicolaus lowered 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. Piper Sandler lowered their target price on Freshpet from $180.00 to $160.00 and set an “overweight” rating on the stock in a report on Friday, February 21st. Truist Financial reaffirmed a “buy” rating and issued a $140.00 target price (down previously from $170.00) on shares of Freshpet in a report on Tuesday, February 25th. Finally, Oppenheimer lowered Freshpet from an “outperform” rating to a “market perform” rating in a report on Tuesday, March 11th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Freshpet currently has a consensus rating of “Moderate Buy” and an average price target of $151.67.

Freshpet 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.