26,908 Shares in Freshpet, Inc. (NASDAQ:FRPT) Acquired by Trexquant Investment LP

Trexquant Investment LP bought a new stake in shares of Freshpet, Inc. (NASDAQ:FRPT) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 26,908 shares of the company’s stock, valued at approximately $3,985,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of FRPT. Norges Bank purchased a new stake in shares of Freshpet during the 4th quarter valued at $75,253,000. Allspring Global Investments Holdings LLC lifted its stake in Freshpet by 198.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 381,385 shares of the company’s stock worth $55,065,000 after purchasing an additional 253,679 shares during the last quarter. WCM Investment Management LLC boosted its holdings in shares of Freshpet by 4.0% in the 4th 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 in the last quarter. Sei Investments Co. increased its position in shares of Freshpet by 46.1% during the 4th quarter. Sei Investments Co. now owns 314,705 shares of the company’s stock valued at $46,610,000 after purchasing an additional 99,241 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of Freshpet by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 4,652,556 shares of the company’s stock valued at $689,090,000 after buying an additional 46,844 shares in the last quarter.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Stifel Nicolaus cut their target price on Freshpet from $155.00 to $135.00 and set a “buy” rating for the company in a research note on Monday, March 10th. Wells Fargo & Company reduced their target price on shares of Freshpet from $142.00 to $110.00 and set an “overweight” rating on the stock in a report on Wednesday. Piper Sandler lowered their price target on shares of Freshpet from $160.00 to $145.00 and set an “overweight” rating for the company in a research note on Tuesday, March 25th. Jefferies Financial Group raised Freshpet from a “hold” rating to a “buy” rating and reduced their price objective for the company from $155.00 to $150.00 in a research note on Monday, February 24th. Finally, Citigroup lowered their target price on Freshpet from $155.00 to $142.00 and set a “neutral” rating for the company in a research note on Wednesday, February 12th. One research 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $146.53.

Freshpet Stock Performance

Shares of FRPT stock opened at $79.49 on Friday. The company has a quick ratio of 3.91, a current ratio of 4.72 and a debt-to-equity ratio of 0.41. The stock has a fifty day moving average of $110.68 and a 200 day moving average of $133.79. The firm has a market capitalization of $3.87 billion, a price-to-earnings ratio of 84.56 and a beta of 1.80. Freshpet, Inc. has a 52 week low of $77.15 and a 52 week high of $164.07.

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

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.