Freshpet, Inc. (NASDAQ:FRPT) Holdings Lifted by DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in Freshpet, Inc. (NASDAQ:FRPT) by 538.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 62,077 shares of the company’s stock after acquiring an additional 52,352 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main’s holdings in Freshpet were worth $9,194,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Geneos Wealth Management Inc. boosted its holdings in shares of Freshpet by 302.0% during the fourth quarter. Geneos Wealth Management Inc. now owns 201 shares of the company’s stock worth $30,000 after purchasing an additional 151 shares during the period. Jones Financial Companies Lllp boosted its stake in shares of Freshpet by 130.9% during the 4th quarter. Jones Financial Companies Lllp now owns 217 shares of the company’s stock valued at $32,000 after buying an additional 123 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in shares of Freshpet during the 3rd quarter valued at $32,000. R Squared Ltd acquired a new position in shares of Freshpet in the fourth quarter worth $39,000. Finally, IFP Advisors Inc purchased a new stake in shares of Freshpet during the fourth quarter worth $43,000.

Analyst Upgrades and Downgrades

FRPT has been the topic of a number of recent research reports. Truist Financial lowered Freshpet from a “buy” rating to a “hold” rating and dropped their target price for the stock from $90.00 to $80.00 in a research report on Wednesday, April 30th. Citigroup cut their price objective on shares of Freshpet from $155.00 to $142.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 12th. Robert W. Baird decreased their target price on shares of Freshpet from $125.00 to $115.00 and set an “outperform” rating for the company in a research report on Tuesday. Stifel Nicolaus cut their price target on shares of Freshpet from $135.00 to $115.00 and set a “buy” rating on the stock in a report on Thursday, April 10th. Finally, Piper Sandler reduced their price objective 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. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $135.73.

Freshpet Price Performance

NASDAQ:FRPT opened at $80.47 on Friday. 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 has a market cap of $3.93 billion, a P/E ratio of 85.61 and a beta of 1.85. The company has a fifty day moving average price of $81.60 and a 200 day moving average price of $122.35. Freshpet, Inc. has a one year low of $71.19 and a one year high of $164.07.

Freshpet (NASDAQ:FRPT) last released its earnings results on Monday, May 5th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.04). Freshpet had a net margin of 4.81% and a return on equity of 3.92%. The company had revenue of $263.25 million during the quarter, compared to the consensus estimate of $265.57 million. During the same quarter in the previous year, the business posted $0.37 EPS. The firm’s quarterly revenue was up 17.6% on a year-over-year basis. Analysts anticipate that Freshpet, Inc. will post 1.55 earnings per share for the current 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.