Freshpet, Inc. (NASDAQ:FRPT) Stock Position Increased by Fisher Asset Management LLC

Fisher Asset Management LLC boosted its position in Freshpet, Inc. (NASDAQ:FRPT) by 20.9% during the 4th quarter, HoldingsChannel reports. The firm owned 176,912 shares of the company’s stock after buying an additional 30,549 shares during the quarter. Fisher Asset Management LLC’s holdings in Freshpet were worth $26,202,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Geneos Wealth Management Inc. lifted its position in Freshpet by 302.0% in the 4th quarter. Geneos Wealth Management Inc. now owns 201 shares of the company’s stock valued at $30,000 after purchasing an additional 151 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Freshpet in the 3rd quarter valued at about $32,000. R Squared Ltd bought a new stake in Freshpet in the 4th quarter valued at about $39,000. IFP Advisors Inc bought a new stake in Freshpet in the 4th quarter valued at about $43,000. Finally, Brooklyn Investment Group bought a new stake in Freshpet in the 3rd quarter valued at about $54,000.

Insider Transactions at Freshpet

In other news, President Scott James Morris sold 5,000 shares of Freshpet stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $157.38, for a total value of $786,900.00. Following the transaction, the president now directly owns 122,380 shares of the company’s stock, valued at $19,260,164.40. This trade represents a 3.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 3.70% of the stock is currently owned by insiders.

Analysts Set New Price Targets

FRPT has been the topic of a number of recent analyst reports. Truist Financial restated a “buy” rating and set a $140.00 price target (down from $170.00) on shares of Freshpet in a research report on Tuesday, February 25th. Robert W. Baird boosted their price target on shares of Freshpet from $157.00 to $170.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. Jefferies Financial Group upgraded shares of Freshpet from a “hold” rating to a “buy” rating and dropped their price target for the stock from $155.00 to $150.00 in a research report on Monday, February 24th. DA Davidson boosted their price target on shares of Freshpet from $183.00 to $189.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Finally, Stifel Nicolaus dropped their price target on shares of Freshpet from $165.00 to $155.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Freshpet currently has a consensus rating of “Moderate Buy” and a consensus price target of $156.47.

Freshpet Stock Performance

Freshpet stock opened at $96.13 on Tuesday. The firm’s 50 day simple moving average is $141.88 and its 200-day simple moving average is $142.33. The company has a market cap of $4.68 billion, a P/E ratio of 102.27 and a beta of 1.42. The company has a debt-to-equity ratio of 0.41, a current ratio of 4.72 and a quick ratio of 3.91. Freshpet, Inc. has a fifty-two week low of $93.75 and a fifty-two week high of $164.07.

Freshpet (NASDAQ:FRPT) last released 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. The business had revenue of $262.71 million for the quarter, compared to the consensus estimate of $275.46 million. Freshpet had a net margin of 4.81% and a return on equity of 3.92%. As a group, equities research analysts predict that Freshpet, Inc. will post 1.55 EPS for the current year.

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.