Freshpet, Inc. (NASDAQ:FRPT) Shares Sold by Amundi

Amundi lowered its position in Freshpet, Inc. (NASDAQ:FRPT) by 0.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 82,200 shares of the company’s stock after selling 764 shares during the quarter. Amundi’s holdings in Freshpet were worth $12,029,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Geneos Wealth Management Inc. increased its stake in shares of Freshpet by 302.0% in the fourth quarter. Geneos Wealth Management Inc. now owns 201 shares of the company’s stock valued at $30,000 after purchasing an additional 151 shares during the period. Jones Financial Companies Lllp increased its stake in shares of Freshpet by 130.9% during the fourth quarter. Jones Financial Companies Lllp now owns 217 shares of the company’s stock valued at $32,000 after acquiring an additional 123 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in shares of Freshpet during the third quarter valued at approximately $32,000. R Squared Ltd acquired a new position in shares of Freshpet during the fourth quarter valued at approximately $39,000. Finally, IFP Advisors Inc acquired a new position in Freshpet in the fourth quarter worth approximately $43,000.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on FRPT shares. JPMorgan Chase & Co. decreased their price target 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. Piper Sandler decreased 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. Stifel Nicolaus decreased their price target on shares of Freshpet from $155.00 to $135.00 and set a “buy” rating on the stock in a research report on Monday, March 10th. Oppenheimer lowered shares of Freshpet from an “outperform” rating to a “market perform” rating in a research report on Tuesday. Finally, Wells Fargo & Company decreased their price target on shares of Freshpet from $170.00 to $142.00 and set an “overweight” rating on the stock in a research report on Friday, February 21st. 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 stock. Based on data from MarketBeat.com, Freshpet currently has an average rating of “Moderate Buy” and an average target price of $151.67.

Freshpet Trading Up 1.5 %

Shares of NASDAQ:FRPT opened at $87.84 on Friday. The firm has a fifty day moving average of $131.88 and a two-hundred day moving average of $139.57. The firm has a market capitalization of $4.28 billion, a P/E ratio of 93.45 and a beta of 1.58. Freshpet, Inc. has a 12-month low of $80.27 and a 12-month high of $164.07. The company has a quick ratio of 3.91, a current ratio of 4.72 and a debt-to-equity ratio of 0.41.

Freshpet (NASDAQ:FRPT) last issued its earnings results on Thursday, February 20th. The company reported $0.36 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.36. The company had revenue of $262.71 million during the quarter, compared to analyst estimates of $275.46 million. Freshpet had a net margin of 4.81% and a return on equity of 3.92%. On average, equities analysts expect 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.