Freshpet, Inc. (NASDAQ:FRPT) Stock Holdings Trimmed by ProShare Advisors LLC

ProShare Advisors LLC lessened its holdings in shares of Freshpet, Inc. (NASDAQ:FRPT) by 16.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 42,722 shares of the company’s stock after selling 8,231 shares during the quarter. ProShare Advisors LLC owned about 0.09% of Freshpet worth $6,328,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Geneos Wealth Management Inc. grew its position in Freshpet by 302.0% in the 4th quarter. Geneos Wealth Management Inc. now owns 201 shares of the company’s stock valued at $30,000 after buying an additional 151 shares in the last quarter. 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. R Squared Ltd bought a new stake in Freshpet during the fourth quarter worth approximately $39,000. IFP Advisors Inc bought a new position in Freshpet during the 4th quarter valued at $43,000. Finally, SBI Securities Co. Ltd. bought a new position in Freshpet during the 4th quarter valued at $43,000.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on FRPT. Piper Sandler cut their price objective on Freshpet from $160.00 to $145.00 and set an “overweight” rating for the company in a report on Tuesday, March 25th. Citigroup reduced their price objective on shares of Freshpet from $155.00 to $142.00 and set a “neutral” rating for the company in a research report on Wednesday, February 12th. JPMorgan Chase & Co. lowered their price objective on shares of Freshpet from $91.00 to $85.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 6th. Oppenheimer lowered shares of Freshpet from an “outperform” rating to a “market perform” rating in a research note on Tuesday, March 11th. Finally, Wells Fargo & Company decreased their price target on shares of Freshpet from $110.00 to $100.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 6th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $135.73.

Freshpet Stock Performance

Shares of FRPT stock opened at $87.65 on Monday. The company has a market capitalization of $4.28 billion, a price-to-earnings ratio of 93.24 and a beta of 1.85. Freshpet, Inc. has a 1-year low of $71.19 and a 1-year 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 stock’s fifty day simple moving average is $80.67 and its 200-day simple moving average is $120.37.

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). The business had revenue of $263.25 million for the quarter, compared to analysts’ expectations of $265.57 million. Freshpet had a net margin of 4.81% and a return on equity of 3.92%. The company’s revenue was up 17.6% compared to the same quarter last year. During the same period last year, the firm earned $0.37 EPS. On average, sell-side analysts predict that Freshpet, Inc. will post 1.55 earnings per share for the current fiscal year.

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.