Trexquant Investment LP Makes New Investment in Freshpet, Inc. (NASDAQ:FRPT)

Trexquant Investment LP bought a new stake in Freshpet, Inc. (NASDAQ:FRPT) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 26,908 shares of the company’s stock, valued at approximately $3,985,000. Trexquant Investment LP owned approximately 0.06% of Freshpet as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Geneos Wealth Management Inc. raised 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 during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Freshpet in the third quarter valued at about $32,000. Jones Financial Companies Lllp lifted its position 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 purchasing an additional 123 shares in the last quarter. R Squared Ltd purchased a new position in Freshpet during the fourth quarter worth about $39,000. Finally, IFP Advisors Inc bought a new stake in Freshpet in the 4th quarter worth about $43,000.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on FRPT shares. Wells Fargo & Company cut their target price on Freshpet from $142.00 to $110.00 and set an “overweight” rating on the stock in a research note on Wednesday. JPMorgan Chase & Co. reduced their price objective on Freshpet from $154.00 to $102.00 and set an “overweight” rating for the company in a research note on Monday, March 10th. Piper Sandler lowered their target price on Freshpet from $160.00 to $145.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 25th. Truist Financial reduced their price target on shares of Freshpet from $140.00 to $110.00 and set a “buy” rating for the company in a research report on Monday, March 31st. Finally, Stifel Nicolaus decreased their price objective 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. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $146.53.

Freshpet Stock Performance

NASDAQ:FRPT opened at $79.49 on Friday. The business’s fifty day moving average is $110.68 and its 200 day moving average is $133.79. The firm has a market cap of $3.87 billion, a price-to-earnings ratio of 84.56 and a beta of 1.80. 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 52-week low of $77.15 and a 52-week 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 for the quarter, meeting the consensus estimate of $0.36. The firm had revenue of $262.71 million for the quarter, compared to analysts’ expectations of $275.46 million. Freshpet had a return on equity of 3.92% and a net margin of 4.81%. Research analysts predict that Freshpet, Inc. will post 1.55 EPS for the current year.

Freshpet Company 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.