Freshpet, Inc. (NASDAQ:FRPT) Shares Purchased by US Bancorp DE

US Bancorp DE boosted its holdings in Freshpet, Inc. (NASDAQ:FRPT) by 100.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 16,756 shares of the company’s stock after buying an additional 8,380 shares during the quarter. US Bancorp DE’s holdings in Freshpet were worth $2,482,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in FRPT. Private Advisor Group LLC grew its position in Freshpet by 29.7% during the 3rd quarter. Private Advisor Group LLC now owns 2,316 shares of the company’s stock worth $317,000 after purchasing an additional 531 shares in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new position in Freshpet during the 3rd quarter worth approximately $795,000. Farther Finance Advisors LLC grew its position in Freshpet by 12.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,277 shares of the company’s stock worth $311,000 after purchasing an additional 257 shares in the last quarter. M&G PLC grew its position in Freshpet by 2.9% during the 3rd quarter. M&G PLC now owns 70,957 shares of the company’s stock worth $9,721,000 after purchasing an additional 2,027 shares in the last quarter. Finally, Capital Performance Advisors LLP purchased a new position in Freshpet during the 3rd quarter worth approximately $57,000.

Wall Street Analyst Weigh In

Several research firms have weighed in on FRPT. Oppenheimer lowered their price objective on shares of Freshpet from $180.00 to $140.00 and set an “outperform” rating on the stock in a research report on Monday, February 24th. Citigroup lowered their price objective on shares of Freshpet from $155.00 to $142.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 12th. Stifel Nicolaus decreased their target price on shares of Freshpet from $165.00 to $155.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Truist Financial reissued a “buy” rating and set a $140.00 target price (down previously from $170.00) on shares of Freshpet in a research note on Tuesday, February 25th. Finally, Piper Sandler decreased their target price on shares of Freshpet from $180.00 to $160.00 and set an “overweight” rating for the company in a research note on Friday, February 21st. One analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Freshpet presently has an average rating of “Moderate Buy” and an average target price of $156.47.

Freshpet Stock Down 5.2 %

FRPT stock opened at $91.08 on Friday. The company has a current ratio of 4.72, a quick ratio of 3.91 and a debt-to-equity ratio of 0.41. Freshpet, Inc. has a 1 year low of $90.16 and a 1 year high of $164.07. The company has a fifty day simple moving average of $138.93 and a 200 day simple moving average of $141.48. The firm has a market cap of $4.44 billion, a PE ratio of 96.89 and a beta of 1.42.

Freshpet (NASDAQ:FRPT) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.36 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.36. The business had revenue of $262.71 million during 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%. Sell-side analysts anticipate that Freshpet, Inc. will post 1.55 EPS for the current fiscal 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.