Freshpet, Inc. (NASDAQ:FRPT) Position Boosted by AlphaQuest LLC

AlphaQuest LLC increased its holdings in Freshpet, Inc. (NASDAQ:FRPT) by 145.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,630 shares of the company’s stock after buying an additional 2,150 shares during the quarter. AlphaQuest LLC’s holdings in Freshpet were worth $538,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Geneos Wealth Management Inc. grew its holdings in Freshpet by 302.0% in the 4th quarter. Geneos Wealth Management Inc. now owns 201 shares of the company’s stock worth $30,000 after buying an additional 151 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in Freshpet in the 3rd quarter worth approximately $32,000. Jones Financial Companies Lllp grew its holdings in Freshpet by 130.9% in the 4th quarter. Jones Financial Companies Lllp now owns 217 shares of the company’s stock worth $32,000 after buying an additional 123 shares in the last quarter. R Squared Ltd bought a new position in Freshpet in the 4th quarter worth approximately $39,000. Finally, IFP Advisors Inc bought a new position in Freshpet in the 4th quarter worth approximately $43,000.

Analyst Ratings Changes

FRPT has been the subject of a number of research reports. JPMorgan Chase & Co. decreased their price target on Freshpet from $154.00 to $102.00 and set an “overweight” rating for the company in a research note on Monday. Oppenheimer lowered Freshpet from an “outperform” rating to a “market perform” rating in a research note on Tuesday. Wells Fargo & Company decreased 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. Truist Financial reaffirmed a “buy” rating and set a $140.00 price target (down from $170.00) on shares of Freshpet in a research note on Tuesday, February 25th. Finally, Jefferies Financial Group raised Freshpet from a “hold” rating to a “buy” rating and decreased their price target for the company from $155.00 to $150.00 in a research note on Monday, February 24th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $151.67.

Freshpet Stock Performance

Shares of Freshpet stock opened at $86.77 on Thursday. The stock has a market cap of $4.23 billion, a PE ratio of 92.31 and a beta of 1.58. The business has a fifty day simple moving average of $134.27 and a 200-day simple moving average of $140.31. 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, Inc. has a 12 month low of $80.27 and a 12 month high of $164.07.

Freshpet (NASDAQ:FRPT) last issued 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 analysts’ expectations 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 anticipate that Freshpet, Inc. will post 1.55 EPS for the current fiscal year.

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.