SBI Securities Co. Ltd. Invests $43,000 in Freshpet, Inc. (NASDAQ:FRPT)

SBI Securities Co. Ltd. acquired a new position in Freshpet, Inc. (NASDAQ:FRPT) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 288 shares of the company’s stock, valued at approximately $43,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Geneos Wealth Management Inc. raised its position in shares of Freshpet by 302.0% during the fourth quarter. Geneos Wealth Management Inc. now owns 201 shares of the company’s stock worth $30,000 after purchasing an additional 151 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of Freshpet during the third quarter worth $32,000. Jones Financial Companies Lllp raised 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 worth $32,000 after purchasing an additional 123 shares during the period. R Squared Ltd acquired a new stake in shares of Freshpet during the fourth quarter worth $39,000. Finally, IFP Advisors Inc acquired a new stake in shares of Freshpet during the fourth quarter worth $43,000.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on FRPT shares. 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. StockNews.com lowered Freshpet from a “hold” rating to a “sell” rating in a research report on Wednesday, November 20th. Piper Sandler cut their target price on Freshpet from $180.00 to $160.00 and set an “overweight” rating on the stock in a research report on Friday, February 21st. Wells Fargo & Company dropped their price target on Freshpet from $170.00 to $142.00 and set an “overweight” rating on the stock in a research report on Friday, February 21st. Finally, Jefferies Financial Group raised Freshpet from a “hold” rating to a “buy” rating and dropped their price target for the company from $155.00 to $150.00 in a research report on Monday, February 24th. One analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $151.67.

Freshpet Stock Performance

Shares of NASDAQ FRPT opened at $83.78 on Wednesday. The business’s 50-day moving average price is $135.55 and its two-hundred day moving average price is $140.70. The company has a debt-to-equity ratio of 0.41, a current ratio of 4.72 and a quick ratio of 3.91. Freshpet, Inc. has a one year low of $80.27 and a one year high of $164.07. The company has a market capitalization of $4.08 billion, a P/E ratio of 89.13 and a beta of 1.58.

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