Freshpet, Inc. (NASDAQ:FRPT) Stock Holdings Decreased by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC lowered its position in shares of Freshpet, Inc. (NASDAQ:FRPT) by 1.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 64,185 shares of the company’s stock after selling 860 shares during the quarter. Segall Bryant & Hamill LLC owned 0.13% of Freshpet worth $9,506,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in FRPT. M&T Bank Corp raised its stake in Freshpet by 3.2% during the 4th quarter. M&T Bank Corp now owns 2,253 shares of the company’s stock valued at $333,000 after purchasing an additional 70 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in shares of 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 buying an additional 75 shares in the last quarter. GAMMA Investing LLC raised its position in Freshpet by 19.1% during the fourth quarter. GAMMA Investing LLC now owns 573 shares of the company’s stock valued at $85,000 after buying an additional 92 shares during the period. Arizona State Retirement System lifted its stake 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 acquiring an additional 101 shares in the last quarter. Finally, Williamson Legacy Group LLC boosted its position in 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 acquiring an additional 112 shares during the period.

Wall Street Analyst Weigh In

FRPT has been the subject of a number of research analyst reports. Stifel Nicolaus reduced their price target on shares of Freshpet from $155.00 to $135.00 and set a “buy” rating for the company in a research report on Monday, March 10th. Wells Fargo & Company cut their target price on shares of Freshpet from $170.00 to $142.00 and set an “overweight” rating for the company in a research report on Friday, February 21st. JPMorgan Chase & Co. lowered their price target on shares of Freshpet from $154.00 to $102.00 and set an “overweight” rating on the stock in a report on Monday, March 10th. Citigroup cut their price objective on Freshpet from $155.00 to $142.00 and set a “neutral” rating for the company in a report on Wednesday, February 12th. Finally, Piper Sandler dropped their target price on Freshpet from $160.00 to $145.00 and set an “overweight” rating on the stock in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $150.67.

Freshpet Stock Performance

NASDAQ:FRPT opened at $85.30 on Thursday. The firm has a market capitalization of $4.16 billion, a PE ratio of 90.74 and a beta of 1.58. Freshpet, Inc. has a 1 year low of $80.27 and a 1 year high of $164.07. The company has a current ratio of 4.72, a quick ratio of 3.91 and a debt-to-equity ratio of 0.41. The firm’s fifty day simple moving average is $120.98 and its 200 day simple moving average is $136.47.

Freshpet (NASDAQ:FRPT) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.36 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.36. Freshpet had a return on equity of 3.92% and a net margin of 4.81%. The company had revenue of $262.71 million for the quarter, compared to the consensus estimate of $275.46 million. On average, sell-side analysts anticipate 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.