Ironwood Investment Management LLC Has $5.50 Million Holdings in Freshpet, Inc. (NASDAQ:FRPT)

Ironwood Investment Management LLC boosted its position in Freshpet, Inc. (NASDAQ:FRPT) by 0.9% during the 4th quarter, HoldingsChannel reports. The firm owned 37,132 shares of the company’s stock after purchasing an additional 332 shares during the period. Freshpet comprises about 2.7% of Ironwood Investment Management LLC’s investment portfolio, making the stock its 5th biggest position. Ironwood Investment Management LLC’s holdings in Freshpet were worth $5,500,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the business. M&T Bank Corp increased its stake in shares of Freshpet by 3.2% in the fourth quarter. M&T Bank Corp now owns 2,253 shares of the company’s stock worth $333,000 after purchasing an additional 70 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in Freshpet by 1.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,887 shares of the company’s stock worth $805,000 after purchasing an additional 75 shares in the last quarter. GAMMA Investing LLC grew its holdings in Freshpet by 19.1% during the 4th quarter. GAMMA Investing LLC now owns 573 shares of the company’s stock valued at $85,000 after buying an additional 92 shares in the last quarter. Arizona State Retirement System lifted its holdings in shares of Freshpet by 0.8% in the fourth quarter. Arizona State Retirement System now owns 13,350 shares of the company’s stock worth $1,977,000 after buying an additional 101 shares in the last quarter. Finally, GLOBALT Investments LLC GA boosted its position in shares of Freshpet by 3.2% during the third quarter. GLOBALT Investments LLC GA now owns 3,580 shares of the company’s stock worth $490,000 after acquiring an additional 111 shares during the last quarter.

Analysts Set New Price Targets

FRPT has been the topic of several research analyst reports. 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 note on Friday, February 21st. Wells Fargo & Company cut their price target on Freshpet from $170.00 to $142.00 and set an “overweight” rating for the company in a report on Friday, February 21st. StockNews.com cut Freshpet from a “hold” rating to a “sell” rating in a report on Wednesday, November 20th. Stifel Nicolaus cut their target price on shares of Freshpet from $155.00 to $135.00 and set a “buy” rating for the company in a report on Monday, March 10th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Freshpet from $154.00 to $102.00 and set an “overweight” rating for the company in a research report on Monday, March 10th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, Freshpet currently has a consensus rating of “Moderate Buy” and an average price target of $151.67.

Freshpet Trading Up 1.5 %

Shares of FRPT opened at $87.84 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 firm has a market capitalization of $4.28 billion, a price-to-earnings ratio of 93.45 and a beta of 1.58. The company has a 50-day moving average of $131.88 and a 200 day moving average of $139.57. Freshpet, Inc. has a 1-year low of $80.27 and a 1-year high of $164.07.

Freshpet (NASDAQ:FRPT) last announced its quarterly 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 firm had revenue of $262.71 million during 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%. On average, research analysts expect that Freshpet, Inc. will post 1.55 EPS for the current 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.