Freshpet, Inc. (NASDAQ:FRPT) Shares Purchased by Sei Investments Co.

Sei Investments Co. boosted its holdings in Freshpet, Inc. (NASDAQ:FRPT) by 46.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 314,705 shares of the company’s stock after acquiring an additional 99,241 shares during the quarter. Sei Investments Co. owned about 0.65% of Freshpet worth $46,610,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. American Century Companies Inc. raised its holdings in shares of Freshpet by 1.3% in the 4th quarter. American Century Companies Inc. now owns 152,610 shares of the company’s stock worth $22,603,000 after purchasing an additional 1,926 shares in the last quarter. Harvest Fund Management Co. Ltd grew its position in Freshpet by 315.3% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 8,584 shares of the company’s stock worth $1,271,000 after buying an additional 6,517 shares during the last quarter. Xponance Inc. increased its holdings in shares of Freshpet by 7.9% in the fourth quarter. Xponance Inc. now owns 3,373 shares of the company’s stock valued at $500,000 after buying an additional 248 shares in the last quarter. Thrivent Financial for Lutherans acquired a new stake in shares of Freshpet during the 4th quarter valued at $517,000. Finally, Envestnet Portfolio Solutions Inc. boosted its stake in shares of Freshpet by 331.7% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 8,042 shares of the company’s stock worth $1,191,000 after acquiring an additional 6,179 shares in the last quarter.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Jefferies Financial Group raised Freshpet from a “hold” rating to a “buy” rating and reduced their target price for the company from $155.00 to $150.00 in a report on Monday, February 24th. Wells Fargo & Company reduced their price objective on shares of Freshpet from $170.00 to $142.00 and set an “overweight” rating for the company in a research note on Friday, February 21st. Oppenheimer downgraded shares of Freshpet from an “outperform” rating to a “market perform” rating in a research report on Tuesday, March 11th. Truist Financial restated a “buy” rating and issued a $140.00 price target (down previously from $170.00) on shares of Freshpet in a research report on Tuesday, February 25th. Finally, Stifel Nicolaus lowered their price objective on shares of Freshpet from $155.00 to $135.00 and set a “buy” rating on the stock in a research report on Monday, March 10th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $151.67.

Freshpet Stock Performance

Shares of NASDAQ FRPT opened at $88.76 on Tuesday. 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 one year low of $80.27 and a one year high of $164.07. The business’s 50-day moving average price is $123.62 and its two-hundred day moving average price is $137.18. The company has a market capitalization of $4.32 billion, a P/E ratio of 94.43 and a beta of 1.58.

Freshpet (NASDAQ:FRPT) last announced 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 analysts’ expectations of $275.46 million. Freshpet had a return on equity of 3.92% and a net margin of 4.81%. Analysts anticipate 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.