Point72 Hong Kong Ltd bought a new stake in shares of Freshpet, Inc. (NASDAQ:FRPT - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 11,225 shares of the company's stock, valued at approximately $1,452,000.
A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in Freshpet by 0.3% during the first quarter. Vanguard Group Inc. now owns 4,666,407 shares of the company's stock valued at $540,650,000 after acquiring an additional 13,709 shares during the period. Gilder Gagnon Howe & Co. LLC lifted its holdings in shares of Freshpet by 2.9% in the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 1,709,572 shares of the company's stock worth $148,322,000 after buying an additional 47,862 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Freshpet by 2.5% during the second quarter. Dimensional Fund Advisors LP now owns 923,507 shares of the company's stock worth $119,492,000 after acquiring an additional 22,759 shares during the last quarter. Norges Bank purchased a new position in Freshpet during the fourth quarter valued at $40,327,000. Finally, Sei Investments Co. increased its holdings in Freshpet by 4.4% in the 1st quarter. Sei Investments Co. now owns 249,021 shares of the company's stock valued at $28,852,000 after acquiring an additional 10,456 shares during the last quarter.
Shares of NASDAQ:FRPT opened at $140.23 on Thursday. The company has a current ratio of 4.50, a quick ratio of 3.69 and a debt-to-equity ratio of 0.42. Freshpet, Inc. has a 12 month low of $54.60 and a 12 month high of $144.38. The company has a market capitalization of $6.80 billion, a price-to-earnings ratio of 779.10 and a beta of 1.39. The firm's 50-day moving average is $131.36 and its 200 day moving average is $124.23.
Freshpet (NASDAQ:FRPT - Get Free Report) last released its earnings results on Monday, August 5th. The company reported ($0.03) EPS for the quarter, beating analysts' consensus estimates of ($0.09) by $0.06. Freshpet had a return on equity of 1.78% and a net margin of 2.86%. The firm had revenue of $235.30 million for the quarter, compared to analysts' expectations of $230.99 million. During the same quarter in the prior year, the firm posted ($0.35) earnings per share. The company's quarterly revenue was up 28.4% on a year-over-year basis. Research analysts predict that Freshpet, Inc. will post 0.72 EPS for the current year.
In other news, EVP Stephen Macchiaverna sold 2,178 shares of the business's stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $140.01, for a total transaction of $304,941.78. Following the completion of the sale, the executive vice president now directly owns 86,039 shares of the company's stock, valued at $12,046,320.39. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.60% of the company's stock.
Several research analysts have commented on FRPT shares. Robert W. Baird increased their price objective on shares of Freshpet from $140.00 to $157.00 and gave the company an "outperform" rating in a report on Tuesday, September 3rd. Citigroup raised their price target on Freshpet from $124.00 to $129.00 and gave the company a "neutral" rating in a report on Wednesday, July 17th. Piper Sandler reaffirmed an "overweight" rating and set a $150.00 price objective on shares of Freshpet in a report on Tuesday, July 2nd. JPMorgan Chase & Co. raised their target price on shares of Freshpet from $113.00 to $126.00 and gave the company a "neutral" rating in a report on Tuesday, August 6th. Finally, Wells Fargo & Company upped their price target on shares of Freshpet from $140.00 to $145.00 and gave the company an "overweight" rating in a research note on Wednesday, July 10th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $142.87.
Check Out Our Latest Stock Analysis on 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.
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