Freshpet, Inc. (NASDAQ:FRPT) Shares Bought by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd grew its holdings in shares of Freshpet, Inc. (NASDAQ:FRPT) by 315.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,584 shares of the company’s stock after purchasing an additional 6,517 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Freshpet were worth $1,271,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Lecap Asset Management Ltd. acquired a new position in shares of Freshpet in the fourth quarter valued at approximately $817,000. Principal Financial Group Inc. grew its stake in shares of Freshpet by 36.4% in the fourth quarter. Principal Financial Group Inc. now owns 107,657 shares of the company’s stock worth $15,945,000 after acquiring an additional 28,743 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Freshpet by 4.7% during the third quarter. Geode Capital Management LLC now owns 835,663 shares of the company’s stock worth $115,650,000 after acquiring an additional 37,287 shares during the period. Victory Capital Management Inc. raised its stake in shares of Freshpet by 1.7% in the fourth quarter. Victory Capital Management Inc. now owns 135,629 shares of the company’s stock valued at $20,088,000 after acquiring an additional 2,291 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 purchasing an additional 253,679 shares during the period.

Freshpet Stock Up 0.7 %

Freshpet stock opened at $85.70 on Thursday. The stock has a 50-day simple moving average of $127.16 and a 200-day simple moving average of $138.23. The company has a market capitalization of $4.18 billion, a P/E ratio of 91.17 and a beta of 1.58. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.91 and a current ratio of 4.72. Freshpet, Inc. has a fifty-two week low of $80.27 and a fifty-two week 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 for the quarter, meeting the consensus estimate of $0.36. The business 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%. Equities research analysts expect that Freshpet, Inc. will post 1.55 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on FRPT shares. Wells Fargo & Company cut their price target on Freshpet from $170.00 to $142.00 and set an “overweight” rating on the stock in a report on Friday, February 21st. Stifel Nicolaus reduced their target price on shares of Freshpet from $155.00 to $135.00 and set a “buy” rating on the stock in a report on Monday, March 10th. Jefferies Financial Group upgraded shares of Freshpet from a “hold” rating to a “buy” rating and decreased their price target for the stock from $155.00 to $150.00 in a research note on Monday, February 24th. JPMorgan Chase & Co. dropped their price objective on shares of Freshpet from $154.00 to $102.00 and set an “overweight” rating on the stock in a research report on Monday, March 10th. Finally, StockNews.com cut shares of Freshpet from a “hold” rating to a “sell” rating in a research report on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $151.67.

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.