Freshpet, Inc. (NASDAQ:FRPT) Shares Sold by Keybank National Association OH

Keybank National Association OH lowered its holdings in Freshpet, Inc. (NASDAQ:FRPT) by 12.4% in the 4th quarter, Holdings Channel.com reports. The fund owned 4,923 shares of the company’s stock after selling 700 shares during the quarter. Keybank National Association OH’s holdings in Freshpet were worth $729,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in FRPT. SBI Securities Co. Ltd. acquired a new stake in Freshpet during the 4th quarter valued at $43,000. Jones Financial Companies Lllp grew its holdings in Freshpet by 130.9% during the 4th 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. Williamson Legacy Group LLC grew its holdings in Freshpet by 1.6% during the 4th quarter. Williamson Legacy Group LLC now owns 6,903 shares of the company’s stock valued at $1,022,000 after purchasing an additional 112 shares in the last quarter. US Bancorp DE grew its holdings in Freshpet by 100.0% during the 4th quarter. US Bancorp DE now owns 16,756 shares of the company’s stock valued at $2,482,000 after purchasing an additional 8,380 shares in the last quarter. Finally, Fisher Asset Management LLC grew its holdings in Freshpet by 20.9% during the 4th quarter. Fisher Asset Management LLC now owns 176,912 shares of the company’s stock valued at $26,202,000 after purchasing an additional 30,549 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Jefferies Financial Group raised shares of Freshpet from a “hold” rating to a “buy” rating and lowered their price target for the company from $155.00 to $150.00 in a report on Monday, February 24th. Oppenheimer lowered their price target on shares of Freshpet from $180.00 to $140.00 and set an “outperform” rating for the company in a report on Monday, February 24th. StockNews.com lowered shares of Freshpet from a “hold” rating to a “sell” rating in a report on Wednesday, November 20th. Stifel Nicolaus decreased their price objective on shares of Freshpet from $165.00 to $155.00 and set a “buy” rating for the company in a report on Friday, February 21st. Finally, Citigroup decreased their price objective on shares of Freshpet from $155.00 to $142.00 and set a “neutral” rating for the company in a report on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, Freshpet has a consensus rating of “Moderate Buy” and an average target price of $156.47.

Freshpet Trading Up 6.3 %

Freshpet stock opened at $96.86 on Friday. The firm’s 50-day moving average is $136.84 and its 200-day moving average is $140.98. 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 1 year low of $89.59 and a 1 year high of $164.07. The company has a market cap of $4.72 billion, a P/E ratio of 103.04 and a beta of 1.58.

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

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.