EntryPoint Capital LLC Invests $247,000 in Freshpet, Inc. (NASDAQ:FRPT)

EntryPoint Capital LLC acquired a new stake in shares of Freshpet, Inc. (NASDAQ:FRPT) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,671 shares of the company’s stock, valued at approximately $247,000.

Other hedge funds have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its stake in Freshpet by 54.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 439,681 shares of the company’s stock valued at $60,135,000 after purchasing an additional 154,909 shares during the last quarter. Cerity Partners LLC acquired a new stake in shares of Freshpet during the third quarter worth about $1,044,000. The Manufacturers Life Insurance Company boosted its position in Freshpet by 2.9% in the third quarter. The Manufacturers Life Insurance Company now owns 11,848 shares of the company’s stock valued at $1,620,000 after buying an additional 336 shares during the last quarter. Brooklyn Investment Group acquired a new position in Freshpet in the 3rd quarter worth approximately $54,000. Finally, Cynosure Group LLC purchased a new position in Freshpet during the 3rd quarter worth approximately $353,000.

Freshpet Trading Down 2.6 %

Shares of NASDAQ:FRPT opened at $84.39 on Friday. The firm has a market capitalization of $4.11 billion, a price-to-earnings ratio of 89.78 and a beta of 1.58. The business’s 50 day moving average price is $118.17 and its 200-day moving average price is $135.76. 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 $80.27 and a 1 year high of $164.07.

Freshpet (NASDAQ:FRPT) last posted 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 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, equities research analysts forecast that Freshpet, Inc. will post 1.55 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Jefferies Financial Group upgraded shares of Freshpet from a “hold” rating to a “buy” rating and cut their price objective for the stock from $155.00 to $150.00 in a research note on Monday, February 24th. Stifel Nicolaus cut their price target on Freshpet from $155.00 to $135.00 and set a “buy” rating on the stock in a research report on Monday, March 10th. Citigroup reduced their price objective on Freshpet from $155.00 to $142.00 and set a “neutral” rating for the company in a research note on Wednesday, February 12th. Wells Fargo & Company lowered their target price on Freshpet from $170.00 to $142.00 and set an “overweight” rating on the stock in a research note on Friday, February 21st. Finally, Piper Sandler reduced their price target on Freshpet from $160.00 to $145.00 and set an “overweight” rating for the company in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Freshpet has an average rating of “Moderate Buy” and a consensus target price of $150.67.

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.