Susquehanna Fundamental Investments LLC Makes New $670,000 Investment in Freshpet, Inc. (NASDAQ:FRPT)

Susquehanna Fundamental Investments LLC purchased a new stake in shares of Freshpet, Inc. (NASDAQ:FRPT) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 4,527 shares of the company’s stock, valued at approximately $670,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Lecap Asset Management Ltd. acquired a new position in Freshpet during the fourth quarter worth about $817,000. Principal Financial Group Inc. raised its holdings in shares of 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 in the last quarter. Victory Capital Management Inc. lifted its stake in 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 purchasing an additional 2,291 shares during the last quarter. Natixis Advisors LLC boosted its holdings in Freshpet by 406.4% during the fourth quarter. Natixis Advisors LLC now owns 53,066 shares of the company’s stock worth $7,860,000 after buying an additional 42,587 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings 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 buying an additional 253,679 shares in the last quarter.

Freshpet Trading Up 5.0 %

Freshpet stock opened at $76.36 on Friday. Freshpet, Inc. has a 12 month low of $71.19 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. The stock has a market cap of $3.72 billion, a P/E ratio of 81.23 and a beta of 1.85. The company’s fifty day simple moving average is $83.76 and its 200-day simple moving average is $124.34.

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

Analysts Set New Price Targets

FRPT has been the subject of a number of recent research reports. JPMorgan Chase & Co. cut their price objective on Freshpet from $102.00 to $91.00 and set a “neutral” rating for the company in a research report on Thursday, April 10th. Wells Fargo & Company decreased their price target on Freshpet from $142.00 to $110.00 and set an “overweight” rating for the company in a research report on Wednesday, April 2nd. Oppenheimer downgraded Freshpet from an “outperform” rating to a “market perform” rating in a report on Tuesday, March 11th. Truist Financial downgraded shares of 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. Finally, Jefferies Financial Group upgraded shares of Freshpet from a “hold” rating to a “buy” rating and reduced their price target for the company from $155.00 to $150.00 in a research report on Monday, February 24th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Freshpet has a consensus rating of “Moderate Buy” and an average price target of $138.80.

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.