4,527 Shares in Freshpet, Inc. (NASDAQ:FRPT) Acquired by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC acquired a new stake in Freshpet, Inc. (NASDAQ:FRPT) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 4,527 shares of the company’s stock, valued at approximately $670,000.

Other hedge funds also recently made changes to their positions in the company. Geneos Wealth Management Inc. lifted its stake in shares of Freshpet by 302.0% in the fourth quarter. Geneos Wealth Management Inc. now owns 201 shares of the company’s stock worth $30,000 after acquiring an additional 151 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in Freshpet by 130.9% during the 4th quarter. Jones Financial Companies Lllp now owns 217 shares of the company’s stock worth $32,000 after purchasing an additional 123 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Freshpet in the 3rd quarter valued at approximately $32,000. R Squared Ltd purchased a new position in shares of Freshpet during the 4th quarter valued at approximately $39,000. Finally, IFP Advisors Inc acquired a new stake in shares of Freshpet during the fourth quarter worth approximately $43,000.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on FRPT shares. Robert W. Baird set a $125.00 price objective on shares of Freshpet in a research note on Wednesday, April 16th. Oppenheimer downgraded Freshpet from an “outperform” rating to a “market perform” rating in a research note on Tuesday, March 11th. Stifel Nicolaus cut their price objective on Freshpet from $135.00 to $115.00 and set a “buy” rating on the stock in a research note on Thursday, April 10th. Jefferies Financial Group upgraded Freshpet from a “hold” rating to a “buy” rating and decreased their target price for the stock from $155.00 to $150.00 in a research report on Monday, February 24th. Finally, Truist Financial cut Freshpet from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $90.00 to $80.00 in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, Freshpet has a consensus rating of “Moderate Buy” and an average price target of $138.80.

Freshpet Price Performance

NASDAQ FRPT opened at $76.36 on Friday. The company has a 50-day moving average price of $83.76 and a two-hundred day moving average price of $124.34. The stock has a market cap of $3.72 billion, a price-to-earnings ratio of 81.23 and a beta of 1.85. 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 52 week low of $71.19 and a 52 week high of $164.07.

Freshpet (NASDAQ:FRPT) last posted its earnings results on Thursday, February 20th. The company reported $0.36 EPS 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 firm had revenue of $262.71 million for the quarter, compared to analysts’ expectations of $275.46 million. Analysts forecast that Freshpet, Inc. will post 1.55 EPS for the current 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.