Occudo Quantitative Strategies LP Reduces Stock Position in Freshpet, Inc. (NASDAQ:FRPT)

Occudo Quantitative Strategies LP cut its holdings in Freshpet, Inc. (NASDAQ:FRPT) by 52.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,021 shares of the company’s stock after selling 6,553 shares during the quarter. Occudo Quantitative Strategies LP’s holdings in Freshpet were worth $892,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of FRPT. Lecap Asset Management Ltd. purchased a new stake in Freshpet in the 4th quarter worth approximately $817,000. Principal Financial Group Inc. raised its holdings in shares of Freshpet by 36.4% during the fourth quarter. Principal Financial Group Inc. now owns 107,657 shares of the company’s stock valued at $15,945,000 after acquiring an additional 28,743 shares in the last quarter. Victory Capital Management Inc. lifted its stake in Freshpet by 1.7% in the fourth quarter. Victory Capital Management Inc. now owns 135,629 shares of the company’s stock worth $20,088,000 after acquiring an additional 2,291 shares during the period. Natixis Advisors LLC boosted its holdings in Freshpet by 406.4% in the fourth quarter. Natixis Advisors LLC now owns 53,066 shares of the company’s stock valued at $7,860,000 after acquiring an additional 42,587 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in Freshpet by 198.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 381,385 shares of the company’s stock valued at $55,065,000 after acquiring an additional 253,679 shares in the last quarter.

Freshpet Stock Down 2.9%

Shares of NASDAQ:FRPT opened at $77.31 on Wednesday. The company has a current ratio of 4.72, a quick ratio of 3.91 and a debt-to-equity ratio of 0.41. The stock has a fifty day simple moving average of $80.99 and a two-hundred day simple moving average of $121.51. Freshpet, Inc. has a 12-month low of $71.19 and a 12-month high of $164.07. The stock has a market capitalization of $3.77 billion, a price-to-earnings ratio of 82.24 and a beta of 1.85.

Freshpet (NASDAQ:FRPT) last issued its quarterly earnings results on Monday, May 5th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.04). The company had revenue of $263.25 million for the quarter, compared to the consensus estimate of $265.57 million. Freshpet had a net margin of 4.81% and a return on equity of 3.92%. Freshpet’s revenue was up 17.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.37 earnings per share. On average, research analysts anticipate that Freshpet, Inc. will post 1.55 earnings per share for the current fiscal year.

Analyst Ratings Changes

FRPT has been the subject of several research reports. Stifel Nicolaus decreased their price objective on shares of Freshpet from $135.00 to $115.00 and set a “buy” rating for the company in a report on Thursday, April 10th. JPMorgan Chase & Co. decreased their price target on shares of Freshpet from $91.00 to $85.00 and set a “neutral” rating for the company in a research note on Tuesday, May 6th. Robert W. Baird lowered their price objective on shares of Freshpet from $125.00 to $115.00 and set an “outperform” rating for the company in a report on Tuesday, May 6th. Citigroup reduced their target price on Freshpet from $155.00 to $142.00 and set a “neutral” rating on the stock in a report on Wednesday, February 12th. Finally, Oppenheimer lowered Freshpet from an “outperform” rating to a “market perform” rating in a research report on Tuesday, March 11th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $135.73.

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.