B. Metzler seel. Sohn & Co. AG Sells 1,699 Shares of Freshpet, Inc. (NASDAQ:FRPT)

B. Metzler seel. Sohn & Co. AG lowered its position in Freshpet, Inc. (NASDAQ:FRPT) by 4.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 33,037 shares of the company’s stock after selling 1,699 shares during the period. B. Metzler seel. Sohn & Co. AG’s holdings in Freshpet were worth $4,893,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of FRPT. Lecap Asset Management Ltd. bought a new position in shares of Freshpet in the fourth quarter worth about $817,000. Principal Financial Group Inc. boosted its stake in Freshpet by 36.4% in the 4th quarter. Principal Financial Group Inc. now owns 107,657 shares of the company’s stock worth $15,945,000 after purchasing an additional 28,743 shares during the period. Geode Capital Management LLC boosted its stake in Freshpet by 4.7% in the 3rd quarter. Geode Capital Management LLC now owns 835,663 shares of the company’s stock worth $115,650,000 after purchasing an additional 37,287 shares during the period. Victory Capital Management Inc. raised its position in shares of Freshpet by 1.7% during the fourth quarter. Victory Capital Management Inc. now owns 135,629 shares of the company’s stock valued at $20,088,000 after buying an additional 2,291 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in shares of Freshpet by 198.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 381,385 shares of the company’s stock valued at $55,065,000 after buying an additional 253,679 shares during the last quarter.

Freshpet Price Performance

Freshpet stock opened at $83.17 on Tuesday. Freshpet, Inc. has a 12-month low of $80.27 and a 12-month high of $164.07. 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 firm has a 50-day moving average price of $116.69 and a 200-day moving average price of $135.35. The firm has a market capitalization of $4.05 billion, a PE ratio of 88.48 and a beta of 1.58.

Freshpet (NASDAQ:FRPT) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.36 earnings per share (EPS) for the quarter, hitting 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 net margin of 4.81% and a return on equity of 3.92%. As a group, equities research analysts forecast that Freshpet, Inc. will post 1.55 EPS for the current year.

Analysts Set New Price Targets

FRPT has been the subject of several research analyst reports. Jefferies Financial Group raised shares of Freshpet from a “hold” rating to a “buy” rating and cut their target price for the company from $155.00 to $150.00 in a research note on Monday, February 24th. Truist Financial reduced their target price on Freshpet from $140.00 to $110.00 and set a “buy” rating on the stock in a report on Monday. Stifel Nicolaus dropped their price target on Freshpet from $155.00 to $135.00 and set a “buy” rating for the company in a research note on Monday, March 10th. Citigroup reduced 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. Finally, JPMorgan Chase & Co. lowered their target price on Freshpet from $154.00 to $102.00 and set an “overweight” rating for the company in a research report on Monday, March 10th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $148.67.

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.