Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna Has $568,000 Stake in Freshpet, Inc. $FRPT

Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna trimmed its stake in Freshpet, Inc. (NASDAQ:FRPT) by 44.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,300 shares of the company’s stock after selling 8,200 shares during the quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna’s holdings in Freshpet were worth $568,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Parallel Advisors LLC grew its position in Freshpet by 55.0% during the third quarter. Parallel Advisors LLC now owns 555 shares of the company’s stock valued at $31,000 after purchasing an additional 197 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in Freshpet by 1,388.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 506 shares of the company’s stock worth $34,000 after buying an additional 472 shares in the last quarter. State of Wyoming acquired a new stake in shares of Freshpet during the 2nd quarter valued at $34,000. Ossiam grew its holdings in shares of Freshpet by 81.1% during the 2nd quarter. Ossiam now owns 509 shares of the company’s stock valued at $35,000 after acquiring an additional 228 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in shares of Freshpet by 258.9% during the 2nd quarter. Smartleaf Asset Management LLC now owns 542 shares of the company’s stock valued at $37,000 after acquiring an additional 391 shares in the last quarter.

Freshpet Stock Down 1.8%

FRPT stock opened at $76.60 on Friday. The company has a current ratio of 5.54, a quick ratio of 4.57 and a debt-to-equity ratio of 0.35. Freshpet, Inc. has a 1 year low of $46.76 and a 1 year high of $91.25. The company has a fifty day simple moving average of $72.17 and a 200 day simple moving average of $61.62. The firm has a market cap of $3.76 billion, a PE ratio of 29.81, a PEG ratio of 2.39 and a beta of 1.66.

Freshpet (NASDAQ:FRPT) last posted its earnings results on Monday, February 23rd. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.43 by $0.21. Freshpet had a net margin of 12.63% and a return on equity of 6.93%. The firm had revenue of $285.23 million for the quarter, compared to the consensus estimate of $285.66 million. During the same period in the prior year, the business posted $0.36 earnings per share. The business’s quarterly revenue was up 8.6% on a year-over-year basis. Sell-side analysts anticipate that Freshpet, Inc. will post 1.55 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently issued reports on FRPT shares. Morgan Stanley upgraded Freshpet from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $71.00 to $90.00 in a report on Tuesday, February 24th. Stifel Nicolaus boosted their target price on Freshpet from $65.00 to $84.00 and gave the company a “buy” rating in a research note on Tuesday, February 24th. Piper Sandler upped their target price on Freshpet from $80.00 to $87.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 4th. Wells Fargo & Company raised their price target on Freshpet from $82.00 to $90.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 25th. Finally, Zacks Research upgraded Freshpet from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 18th. Eight equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $76.47.

Freshpet Profile

Freshpet Inc (NASDAQ: FRPT) is a leading pet food company specializing in fresh, refrigerated meals and treats for dogs and cats. The company’s products are formulated with carefully selected, natural ingredients and are designed to offer a higher level of nutrition and freshness than traditional dry or canned pet foods. Freshpet’s offerings include refrigerated rolls, pâtés and snacks, all of which are sold through the refrigerated section of grocery, mass-market and pet specialty stores.

Freshpet’s product portfolio is built around the concept of fresh, minimally processed recipes that do not require preservatives or artificial colors.