Blair William & Co. IL Sells 7,005 Shares of Freshpet, Inc. (NASDAQ:FRPT)

Blair William & Co. IL lowered its holdings in Freshpet, Inc. (NASDAQ:FRPT) by 76.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,177 shares of the company’s stock after selling 7,005 shares during the quarter. Blair William & Co. IL’s holdings in Freshpet were worth $322,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the business. Geneos Wealth Management Inc. boosted its stake in shares of Freshpet by 302.0% during the 4th quarter. Geneos Wealth Management Inc. now owns 201 shares of the company’s stock worth $30,000 after acquiring an additional 151 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Freshpet during the 3rd quarter valued at approximately $32,000. Jones Financial Companies Lllp increased its holdings in Freshpet by 130.9% in the 4th quarter. Jones Financial Companies Lllp now owns 217 shares of the company’s stock valued at $32,000 after acquiring an additional 123 shares during the last quarter. R Squared Ltd bought a new stake in shares of Freshpet in the fourth quarter worth about $39,000. Finally, IFP Advisors Inc bought a new stake in Freshpet in the 4th quarter worth approximately $43,000.

Freshpet Stock Performance

Shares of NASDAQ:FRPT opened at $79.49 on Friday. The firm’s 50 day simple moving average is $110.68 and its 200-day simple moving average is $133.79. 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 $77.15 and a one year high of $164.07. The firm has a market cap of $3.87 billion, a PE ratio of 84.56 and a beta of 1.80.

Freshpet (NASDAQ:FRPT) last issued its earnings results on Thursday, February 20th. The company reported $0.36 earnings per share for the quarter, hitting the consensus estimate of $0.36. The business had revenue of $262.71 million during 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%. As a group, equities analysts predict that Freshpet, Inc. will post 1.55 EPS for the current year.

Wall Street Analysts Forecast Growth

FRPT has been the subject of several research reports. Wells Fargo & Company lowered their price objective on shares of Freshpet from $142.00 to $110.00 and set an “overweight” rating for the company in a research report on Wednesday. Piper Sandler reduced their price objective on Freshpet from $160.00 to $145.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 25th. Citigroup lowered their price objective on Freshpet from $155.00 to $142.00 and set a “neutral” rating for the company in a research note on Wednesday, February 12th. JPMorgan Chase & Co. cut their target price on Freshpet from $154.00 to $102.00 and set an “overweight” rating on the stock in a research report on Monday, March 10th. Finally, Jefferies Financial Group upgraded Freshpet from a “hold” rating to a “buy” rating and lowered their price target for the stock from $155.00 to $150.00 in a research report on Monday, February 24th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $146.53.

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.