Freshpet, Inc. (NASDAQ:FRPT) Shares Purchased by Stifel Financial Corp

Stifel Financial Corp boosted its stake in Freshpet, Inc. (NASDAQ:FRPT) by 98.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 50,152 shares of the company’s stock after purchasing an additional 24,888 shares during the period. Stifel Financial Corp owned about 0.10% of Freshpet worth $7,428,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in Freshpet by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 4,652,556 shares of the company’s stock valued at $689,090,000 after purchasing an additional 46,844 shares during the last quarter. WCM Investment Management LLC increased its holdings in Freshpet by 4.0% in the 4th quarter. WCM Investment Management LLC now owns 2,881,855 shares of the company’s stock valued at $430,809,000 after purchasing an additional 110,478 shares during the last quarter. Geode Capital Management LLC increased its holdings in Freshpet by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 844,744 shares of the company’s stock valued at $127,446,000 after purchasing an additional 9,081 shares during the last quarter. Norges Bank acquired a new stake in Freshpet in the 4th quarter valued at approximately $75,253,000. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of Freshpet by 198.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 381,385 shares of the company’s stock worth $55,065,000 after acquiring an additional 253,679 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several research firms have commented on FRPT. Piper Sandler dropped their price target on shares of Freshpet from $160.00 to $145.00 and set an “overweight” rating for the company in a research note on Tuesday, March 25th. Oppenheimer downgraded shares of Freshpet from an “outperform” rating to a “market perform” rating in a research note on Tuesday, March 11th. Truist Financial dropped their price target on shares of Freshpet from $110.00 to $90.00 and set a “buy” rating for the company in a research note on Thursday, April 24th. Jefferies Financial Group upgraded shares of Freshpet from a “hold” rating to a “buy” rating and dropped their price target for the stock from $155.00 to $150.00 in a research note on Monday, February 24th. Finally, Wells Fargo & Company dropped their price target on shares of Freshpet from $142.00 to $110.00 and set an “overweight” rating for the company in a research note on Wednesday, April 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $139.47.

Freshpet Trading Down 1.7 %

FRPT opened at $73.40 on Tuesday. The business’s 50 day moving average is $86.26 and its two-hundred day moving average is $126.02. Freshpet, Inc. has a 52 week low of $72.20 and a 52 week high of $164.07. The firm has a market cap of $3.58 billion, a price-to-earnings ratio of 78.09 and a beta of 1.80. The company has a quick ratio of 3.91, a current ratio of 4.72 and a debt-to-equity ratio of 0.41.

Freshpet (NASDAQ:FRPT) last announced its earnings results on Thursday, February 20th. The company reported $0.36 earnings per share for the quarter, meeting the consensus estimate of $0.36. Freshpet had a return on equity of 3.92% and a net margin of 4.81%. The company had revenue of $262.71 million for the quarter, compared to the consensus estimate of $275.46 million. On average, research 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.