Swiss National Bank Increases Holdings in Freshpet, Inc. (NASDAQ:FRPT)

Swiss National Bank boosted its position in Freshpet, Inc. (NASDAQ:FRPT) by 0.9% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 90,650 shares of the company’s stock after purchasing an additional 800 shares during the period. Swiss National Bank’s holdings in Freshpet were worth $13,426,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of FRPT. M&T Bank Corp boosted its holdings in shares of Freshpet by 3.2% in the 4th quarter. M&T Bank Corp now owns 2,253 shares of the company’s stock valued at $333,000 after acquiring an additional 70 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in Freshpet by 1.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 5,887 shares of the company’s stock valued at $805,000 after purchasing an additional 75 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Freshpet by 19.1% during the 4th quarter. GAMMA Investing LLC now owns 573 shares of the company’s stock valued at $85,000 after buying an additional 92 shares during the last quarter. Arizona State Retirement System lifted its holdings in shares of Freshpet by 0.8% in the 4th quarter. Arizona State Retirement System now owns 13,350 shares of the company’s stock valued at $1,977,000 after buying an additional 101 shares during the period. Finally, Williamson Legacy Group LLC boosted its stake in shares of Freshpet by 1.6% in the fourth quarter. Williamson Legacy Group LLC now owns 6,903 shares of the company’s stock worth $1,022,000 after buying an additional 112 shares during the last quarter.

Analysts Set New Price Targets

Several research analysts recently weighed in on FRPT shares. Truist Financial reiterated a “buy” rating and set a $140.00 price target (down from $170.00) on shares of Freshpet in a research report on Tuesday, February 25th. Jefferies Financial Group upgraded shares of Freshpet from a “hold” rating to a “buy” rating and decreased their target price for the company from $155.00 to $150.00 in a research note on Monday, February 24th. Piper Sandler dropped their price target on shares of Freshpet from $180.00 to $160.00 and set an “overweight” rating on the stock in a research report on Friday, February 21st. StockNews.com cut shares of Freshpet from a “hold” rating to a “sell” rating in a report on Wednesday, November 20th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Freshpet from $154.00 to $102.00 and set an “overweight” rating on the stock in a research note on Monday, March 10th. One 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. Based on data from MarketBeat, Freshpet presently has a consensus rating of “Moderate Buy” and an average price target of $151.67.

Freshpet Stock Performance

NASDAQ FRPT opened at $85.70 on Thursday. 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 stock’s 50 day simple moving average is $127.16 and its 200-day simple moving average is $138.23. The company has a market cap of $4.18 billion, a PE ratio of 91.17 and a beta of 1.58. Freshpet, Inc. has a 1-year low of $80.27 and a 1-year high of $164.07.

Freshpet (NASDAQ:FRPT) last announced its earnings results on Thursday, February 20th. The company reported $0.36 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.36. The company had revenue of $262.71 million for the quarter, compared to analysts’ expectations of $275.46 million. Freshpet had a net margin of 4.81% and a return on equity of 3.92%. As a group, equities research analysts anticipate that Freshpet, Inc. will post 1.55 EPS for the current fiscal year.

About Freshpet

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.