Trillium Asset Management LLC Lowers Stock Holdings in Freshpet, Inc. (NASDAQ:FRPT)

Trillium Asset Management LLC trimmed its position in shares of Freshpet, Inc. (NASDAQ:FRPT) by 4.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 48,948 shares of the company’s stock after selling 2,136 shares during the period. Trillium Asset Management LLC’s holdings in Freshpet were worth $7,250,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Lecap Asset Management Ltd. purchased a new position in shares of Freshpet in the 4th quarter valued at about $817,000. Principal Financial Group Inc. boosted its stake 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 valued at $15,945,000 after buying an additional 28,743 shares during the period. Geode Capital Management LLC boosted its stake in shares of Freshpet by 4.7% in the 3rd quarter. Geode Capital Management LLC now owns 835,663 shares of the company’s stock valued at $115,650,000 after buying an additional 37,287 shares during the period. Victory Capital Management Inc. boosted its stake in shares of Freshpet by 1.7% in the 4th quarter. Victory Capital Management Inc. now owns 135,629 shares of the company’s stock valued at $20,088,000 after buying an additional 2,291 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of Freshpet by 198.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 381,385 shares of the company’s stock valued at $55,065,000 after buying an additional 253,679 shares during the period.

Analyst Ratings Changes

FRPT has been the subject of several recent research reports. Jefferies Financial Group upgraded Freshpet from a “hold” rating to a “buy” rating and decreased their price objective for the company from $155.00 to $150.00 in a research note on Monday, February 24th. Piper Sandler decreased their price objective on Freshpet from $180.00 to $160.00 and set an “overweight” rating for the company in a research note on Friday, February 21st. Citigroup decreased their target price on Freshpet from $155.00 to $142.00 and set a “neutral” rating for the company in a research note on Wednesday, February 12th. Wells Fargo & Company decreased their target price on Freshpet from $170.00 to $142.00 and set an “overweight” rating for the company in a research note on Friday, February 21st. Finally, JPMorgan Chase & Co. decreased their target price on Freshpet from $154.00 to $102.00 and set an “overweight” rating for the company in a research note on Monday, March 10th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, Freshpet has a consensus rating of “Moderate Buy” and a consensus price target of $151.67.

Freshpet Trading Up 0.7 %

NASDAQ:FRPT opened at $85.70 on Thursday. The firm has a market cap of $4.18 billion, a P/E ratio of 91.17 and a beta of 1.58. 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 50 day simple moving average is $127.16 and its 200-day simple moving average is $138.23. Freshpet, Inc. has a 12-month low of $80.27 and a 12-month high of $164.07.

Freshpet (NASDAQ:FRPT) last released 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 business 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%. Equities analysts anticipate that Freshpet, Inc. will post 1.55 EPS 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.