Victory Capital Management Inc. Raises Stock Holdings in Freshpet, Inc. (NASDAQ:FRPT)

Victory Capital Management Inc. lifted its stake in Freshpet, Inc. (NASDAQ:FRPT) by 1.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 135,629 shares of the company’s stock after buying an additional 2,291 shares during the quarter. Victory Capital Management Inc. owned about 0.28% of Freshpet worth $20,088,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Lecap Asset Management Ltd. purchased a new stake in Freshpet in the 4th quarter worth approximately $817,000. Principal Financial Group Inc. boosted its position in shares of Freshpet by 36.4% in the fourth quarter. Principal Financial Group Inc. now owns 107,657 shares of the company’s stock worth $15,945,000 after purchasing an additional 28,743 shares during the period. Geode Capital Management LLC raised its position 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 valued at $115,650,000 after purchasing an additional 37,287 shares during the period. Geneva Capital Management LLC lifted its stake in shares of Freshpet by 166.2% during the 3rd quarter. Geneva Capital Management LLC now owns 84,221 shares of the company’s stock valued at $11,519,000 after buying an additional 52,584 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in Freshpet by 198.6% in 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 period.

Freshpet Price Performance

Shares of Freshpet stock opened at $83.78 on Wednesday. Freshpet, Inc. has a one year low of $80.27 and a one year high of $164.07. The stock has a market cap of $4.08 billion, a price-to-earnings ratio of 89.13 and a beta of 1.58. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.91 and a current ratio of 4.72. The stock has a 50 day moving average price of $135.55 and a 200-day moving average price of $140.70.

Freshpet (NASDAQ:FRPT) last issued 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 firm had revenue of $262.71 million during the quarter, compared to analyst estimates of $275.46 million. Freshpet had a net margin of 4.81% and a return on equity of 3.92%. Equities analysts expect that Freshpet, Inc. will post 1.55 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have commented on FRPT shares. StockNews.com cut Freshpet from a “hold” rating to a “sell” rating in a report on Wednesday, November 20th. Piper Sandler decreased their target price on Freshpet from $180.00 to $160.00 and set an “overweight” rating on the stock in a research note on Friday, February 21st. Stifel Nicolaus dropped their price target on Freshpet from $155.00 to $135.00 and set a “buy” rating for the company in a research note on Monday. Oppenheimer cut shares of Freshpet from an “outperform” rating to a “market perform” rating in a research report on Tuesday. Finally, JPMorgan Chase & Co. dropped their target price on shares of Freshpet from $154.00 to $102.00 and set an “overweight” rating for the company in a research report on Monday. One research 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’s stock. According to MarketBeat, the company currently 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.