Geneva Capital Management LLC Decreases Stock Holdings in Freshpet, Inc. (NASDAQ:FRPT)

Geneva Capital Management LLC decreased its holdings in shares of Freshpet, Inc. (NASDAQ:FRPT) by 11.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 74,899 shares of the company’s stock after selling 9,322 shares during the quarter. Geneva Capital Management LLC owned about 0.15% of Freshpet worth $11,093,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Geneos Wealth Management Inc. increased its position in Freshpet by 302.0% during the fourth quarter. Geneos Wealth Management Inc. now owns 201 shares of the company’s stock valued at $30,000 after acquiring an additional 151 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in Freshpet during the third quarter valued at $32,000. Jones Financial Companies Lllp increased its position in Freshpet by 130.9% during the fourth quarter. Jones Financial Companies Lllp now owns 217 shares of the company’s stock valued at $32,000 after acquiring an additional 123 shares during the last quarter. R Squared Ltd bought a new position in Freshpet during the fourth quarter valued at $39,000. Finally, IFP Advisors Inc bought a new position in Freshpet during the fourth quarter valued at $43,000.

Analyst Ratings Changes

A number of research firms have weighed in on FRPT. StockNews.com cut shares of Freshpet from a “hold” rating to a “sell” rating in a research report on Wednesday, November 20th. Stifel Nicolaus cut their price objective 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. Wells Fargo & Company cut their price objective on shares of Freshpet from $170.00 to $142.00 and set an “overweight” rating on the stock in a research report on Friday, February 21st. Piper Sandler cut their price objective on shares of Freshpet from $180.00 to $160.00 and set an “overweight” rating on the stock in a research report on Friday, February 21st. Finally, Oppenheimer cut their price target on shares of Freshpet from $180.00 to $140.00 and set an “outperform” rating on the stock in a report on Monday, February 24th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $156.47.

Freshpet Stock Up 1.5 %

Shares of Freshpet stock opened at $96.06 on Thursday. 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 1 year low of $93.53 and a 1 year high of $164.07. The firm’s 50-day moving average is $139.92 and its two-hundred day moving average is $141.80. The stock has a market cap of $4.68 billion, a price-to-earnings ratio of 102.19 and a beta of 1.42.

Freshpet (NASDAQ:FRPT) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.36 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%. As a group, research analysts expect that Freshpet, Inc. will post 1.55 earnings per share 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.