Freshpet, Inc. (NASDAQ:FRPT) Shares Purchased by Xponance Inc.

Xponance Inc. boosted its holdings in shares of Freshpet, Inc. (NASDAQ:FRPT) by 7.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,373 shares of the company’s stock after purchasing an additional 248 shares during the period. Xponance Inc.’s holdings in Freshpet were worth $500,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. M&T Bank Corp lifted its holdings in shares of Freshpet by 3.2% in the 4th quarter. M&T Bank Corp now owns 2,253 shares of the company’s stock valued at $333,000 after buying an additional 70 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in Freshpet by 1.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 5,887 shares of the company’s stock valued at $805,000 after acquiring an additional 75 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Freshpet by 19.1% in the fourth quarter. GAMMA Investing LLC now owns 573 shares of the company’s stock valued at $85,000 after acquiring an additional 92 shares during the period. Arizona State Retirement System boosted its position in Freshpet by 0.8% in the 4th quarter. Arizona State Retirement System now owns 13,350 shares of the company’s stock worth $1,977,000 after purchasing an additional 101 shares in the last quarter. Finally, Williamson Legacy Group LLC grew its stake in shares of Freshpet by 1.6% during the 4th quarter. Williamson Legacy Group LLC now owns 6,903 shares of the company’s stock worth $1,022,000 after purchasing an additional 112 shares during the period.

Freshpet Price Performance

FRPT stock opened at $86.23 on Wednesday. Freshpet, Inc. has a 52-week low of $80.27 and a 52-week high of $164.07. The business has a fifty day moving average of $122.34 and a two-hundred day moving average of $136.83. The stock has a market cap of $4.20 billion, a price-to-earnings ratio of 91.73 and a beta of 1.58. The company has a quick ratio of 3.91, a current ratio of 4.72 and a debt-to-equity ratio of 0.41.

Freshpet (NASDAQ:FRPT) last announced its earnings results on Thursday, February 20th. The company reported $0.36 earnings per share for the quarter, hitting the consensus estimate 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. As a group, research analysts anticipate that Freshpet, Inc. will post 1.55 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on FRPT shares. Piper Sandler decreased their target price on shares of Freshpet from $160.00 to $145.00 and set an “overweight” rating for the company in a research note on Tuesday. JPMorgan Chase & Co. lowered their target price on shares of Freshpet from $154.00 to $102.00 and set an “overweight” rating on the stock in a research note on Monday, March 10th. Wells Fargo & Company cut their price target on Freshpet from $170.00 to $142.00 and set an “overweight” rating for the company in a research note on Friday, February 21st. Stifel Nicolaus lowered their price target on Freshpet from $155.00 to $135.00 and set a “buy” rating on the stock in a research report on Monday, March 10th. Finally, Truist Financial reaffirmed a “buy” rating and set a $140.00 target price (down from $170.00) on shares of Freshpet in a research note on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $150.67.

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.