Amundi Trims Position in Freshpet, Inc. (NASDAQ:FRPT)

Amundi lessened its holdings in shares of Freshpet, Inc. (NASDAQ:FRPT) by 0.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 82,200 shares of the company’s stock after selling 764 shares during the quarter. Amundi owned approximately 0.17% of Freshpet worth $12,029,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Lecap Asset Management Ltd. purchased a new position in shares of Freshpet during the 4th quarter worth $817,000. Principal Financial Group Inc. increased its holdings in shares of Freshpet by 36.4% during the 4th quarter. Principal Financial Group Inc. now owns 107,657 shares of the company’s stock worth $15,945,000 after buying an additional 28,743 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Freshpet by 4.7% during the 3rd quarter. Geode Capital Management LLC now owns 835,663 shares of the company’s stock worth $115,650,000 after buying an additional 37,287 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Freshpet by 198.6% during the 4th 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 during the last quarter. Finally, Victory Capital Management Inc. increased its holdings in shares of Freshpet by 1.7% during the 4th quarter. Victory Capital Management Inc. now owns 135,629 shares of the company’s stock worth $20,088,000 after buying an additional 2,291 shares during the last quarter.

Freshpet Stock Performance

Shares of FRPT stock opened at $87.84 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.91 and a current ratio of 4.72. Freshpet, Inc. has a one year low of $80.27 and a one year high of $164.07. The company’s 50-day simple moving average is $131.88 and its 200-day simple moving average is $139.57. The stock has a market capitalization of $4.28 billion, a price-to-earnings ratio of 93.45 and a beta of 1.58.

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

Analysts Set New Price Targets

FRPT has been the subject of a number of research analyst reports. Oppenheimer downgraded Freshpet from an “outperform” rating to a “market perform” rating in a report on Tuesday. Citigroup dropped their price objective on Freshpet from $155.00 to $142.00 and set a “neutral” rating for the company in a report on Wednesday, February 12th. Stifel Nicolaus lowered their price target on Freshpet from $155.00 to $135.00 and set a “buy” rating for the company in a report on Monday, March 10th. Wells Fargo & Company lowered 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. Finally, Truist Financial reiterated a “buy” rating and issued a $140.00 price target (down from $170.00) on shares of Freshpet in a report on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $151.67.

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.