Freshpet, Inc. (NASDAQ:FRPT) Shares Acquired by Natixis Advisors LLC

Natixis Advisors LLC raised its position in shares of Freshpet, Inc. (NASDAQ:FRPT) by 406.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 53,066 shares of the company’s stock after acquiring an additional 42,587 shares during the quarter. Natixis Advisors LLC’s holdings in Freshpet were worth $7,860,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Ironwood Investment Management LLC raised its holdings in shares of Freshpet by 0.9% during the fourth quarter. Ironwood Investment Management LLC now owns 37,132 shares of the company’s stock valued at $5,500,000 after acquiring an additional 332 shares during the last quarter. Swiss National Bank grew its position in shares of Freshpet by 0.9% in the fourth quarter. Swiss National Bank now owns 90,650 shares of the company’s stock valued at $13,426,000 after purchasing an additional 800 shares in the last quarter. HighTower Advisors LLC grew its position in shares of Freshpet by 36.6% in the fourth quarter. HighTower Advisors LLC now owns 7,945 shares of the company’s stock valued at $1,177,000 after purchasing an additional 2,128 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Freshpet by 16.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,667 shares of the company’s stock valued at $1,876,000 after purchasing an additional 1,754 shares in the last quarter. Finally, AlphaQuest LLC grew its position in shares of Freshpet by 145.3% in the fourth quarter. AlphaQuest LLC now owns 3,630 shares of the company’s stock valued at $538,000 after purchasing an additional 2,150 shares in the last quarter.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Jefferies Financial Group upgraded Freshpet from a “hold” rating to a “buy” rating and dropped their price target for the company from $155.00 to $150.00 in a research report on Monday, February 24th. JPMorgan Chase & Co. dropped their price target on Freshpet from $154.00 to $102.00 and set an “overweight” rating for the company in a research report on Monday, March 10th. Truist Financial restated a “buy” rating and issued a $140.00 price target (down from $170.00) on shares of Freshpet in a research report on Tuesday, February 25th. Piper Sandler lowered their price objective on Freshpet from $180.00 to $160.00 and set an “overweight” rating for the company in a research report on Friday, February 21st. Finally, Oppenheimer lowered Freshpet from an “outperform” rating to a “market perform” rating in a research report on Tuesday, March 11th. One analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $151.67.

Freshpet Stock Up 0.8 %

Shares of NASDAQ FRPT opened at $86.42 on Friday. The stock has a market cap of $4.21 billion, a P/E ratio of 91.94 and a beta of 1.58. 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 12-month low of $80.27 and a 12-month high of $164.07. The business’s fifty day simple moving average is $125.96 and its 200-day simple moving average is $137.87.

Freshpet (NASDAQ:FRPT) last announced 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 for 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%. As a group, equities analysts predict 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.