Freshpet, Inc. (NASDAQ:FRPT) Shares Sold by Keybank National Association OH

Keybank National Association OH trimmed its position in shares of Freshpet, Inc. (NASDAQ:FRPT) by 12.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,923 shares of the company’s stock after selling 700 shares during the quarter. Keybank National Association OH’s holdings in Freshpet were worth $729,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in FRPT. Farther Finance Advisors LLC increased its stake in shares of Freshpet by 12.7% during the third quarter. Farther Finance Advisors LLC now owns 2,277 shares of the company’s stock worth $311,000 after acquiring an additional 257 shares during the period. Capital Performance Advisors LLP acquired a new position in shares of Freshpet during the third quarter worth about $57,000. Atria Investments Inc grew its position in Freshpet by 5.5% during the third quarter. Atria Investments Inc now owns 5,049 shares of the company’s stock worth $691,000 after buying an additional 265 shares during the period. Transcendent Capital Group LLC acquired a new position in Freshpet during the third quarter worth about $1,465,000. Finally, TimesSquare Capital Management LLC grew its position in Freshpet by 38.2% during the third quarter. TimesSquare Capital Management LLC now owns 199,592 shares of the company’s stock worth $27,298,000 after buying an additional 55,200 shares during the period.

Wall Street Analyst Weigh In

Several research analysts have weighed in on FRPT shares. Jefferies Financial Group upgraded shares of Freshpet from a “hold” rating to a “buy” rating and lowered their target price for the stock from $155.00 to $150.00 in a research report on Monday, February 24th. Truist Financial restated a “buy” rating and set a $140.00 target price (down from $170.00) on shares of Freshpet in a research report on Tuesday, February 25th. Piper Sandler lowered their target price 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. StockNews.com lowered shares of Freshpet from a “hold” rating to a “sell” rating in a research report on Wednesday, November 20th. Finally, Stifel Nicolaus lowered their target price 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 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 data from MarketBeat.com, Freshpet has an average rating of “Moderate Buy” and an average target price of $156.47.

Freshpet Stock Performance

Shares of FRPT opened at $96.86 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.91 and a current ratio of 4.72. The company has a market capitalization of $4.72 billion, a price-to-earnings ratio of 103.04 and a beta of 1.58. The company’s 50 day simple moving average is $136.84 and its 200 day simple moving average is $140.98. Freshpet, Inc. has a 1 year low of $89.59 and a 1 year high of $164.07.

Freshpet (NASDAQ:FRPT) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.36 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.36. The company 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%. On average, sell-side analysts predict that Freshpet, Inc. will post 1.55 EPS for the current 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.