Algert Global LLC Has $10.73 Million Stake in Freshpet, Inc. (NASDAQ:FRPT)

Algert Global LLC lifted its stake in Freshpet, Inc. (NASDAQ:FRPT) by 53.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 72,444 shares of the company’s stock after buying an additional 25,140 shares during the period. Algert Global LLC’s holdings in Freshpet were worth $10,730,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Freshpet by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 4,652,556 shares of the company’s stock worth $689,090,000 after acquiring an additional 46,844 shares during the period. WCM Investment Management LLC lifted its position in Freshpet by 4.0% in the fourth quarter. WCM Investment Management LLC now owns 2,881,855 shares of the company’s stock worth $430,809,000 after purchasing an additional 110,478 shares during the period. Geode Capital Management LLC boosted its stake in Freshpet by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 844,744 shares of the company’s stock worth $127,446,000 after buying an additional 9,081 shares in the last quarter. Norges Bank bought a new stake in Freshpet in the 4th quarter valued at $75,253,000. Finally, Northern Trust Corp raised its stake in shares of Freshpet by 14.7% in the 4th quarter. Northern Trust Corp now owns 408,633 shares of the company’s stock valued at $60,523,000 after buying an additional 52,284 shares in the last quarter.

Freshpet Stock Performance

Shares of Freshpet stock opened at $76.36 on Friday. The firm has a 50 day simple moving average of $83.76 and a 200 day simple moving average of $124.22. Freshpet, Inc. has a fifty-two week low of $71.19 and a fifty-two week high of $164.07. The company has a debt-to-equity ratio of 0.41, a current ratio of 4.72 and a quick ratio of 3.91. The firm has a market cap of $3.72 billion, a P/E ratio of 81.23 and a beta of 1.85.

Freshpet (NASDAQ:FRPT) last released its 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 during the quarter, compared to the consensus estimate of $275.46 million. Freshpet had a return on equity of 3.92% and a net margin of 4.81%. Sell-side analysts predict that Freshpet, Inc. will post 1.55 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on FRPT shares. JPMorgan Chase & Co. decreased their target price on shares of Freshpet from $102.00 to $91.00 and set a “neutral” rating on the stock in a research report on Thursday, April 10th. Citigroup lowered their price objective on Freshpet from $155.00 to $142.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 12th. Piper Sandler cut their target price on Freshpet from $160.00 to $145.00 and set an “overweight” rating for the company in a research report on Tuesday, March 25th. Robert W. Baird set a $125.00 price target on Freshpet in a research report on Wednesday, April 16th. Finally, Wells Fargo & Company cut their price objective on Freshpet from $142.00 to $110.00 and set an “overweight” rating for the company in a report on Wednesday, April 2nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $138.80.

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.