Freshpet, Inc. (NASDAQ:FRPT) Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. cut its holdings in shares of Freshpet, Inc. (NASDAQ:FRPT) by 6.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,232,581 shares of the company’s stock after selling 91,204 shares during the period. Alliancebernstein L.P. owned approximately 2.54% of Freshpet worth $182,558,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. raised its stake in Freshpet by 302.0% during the 4th quarter. Geneos Wealth Management Inc. now owns 201 shares of the company’s stock valued at $30,000 after purchasing an additional 151 shares during the period. Jones Financial Companies Lllp raised its stake in shares of Freshpet by 130.9% during the 4th quarter. Jones Financial Companies Lllp now owns 217 shares of the company’s stock worth $32,000 after purchasing an additional 123 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Freshpet in the third quarter valued at approximately $32,000. R Squared Ltd acquired a new position in shares of Freshpet during the 4th quarter worth $39,000. Finally, IFP Advisors Inc bought a new position in shares of Freshpet during the 4th quarter valued at $43,000.

Freshpet Stock Up 1.6 %

Shares of FRPT stock opened at $84.47 on Wednesday. The stock has a market cap of $4.12 billion, a P/E ratio of 89.86 and a beta of 1.58. The company has a debt-to-equity ratio of 0.41, a current ratio of 4.72 and a quick ratio of 3.91. The stock has a fifty day moving average price of $115.25 and a 200 day moving average price of $134.96. Freshpet, Inc. has a one year low of $80.27 and a one year high of $164.07.

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

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Wells Fargo & Company lowered their target price on shares of Freshpet from $170.00 to $142.00 and set an “overweight” rating on the stock in a research report on Friday, February 21st. Truist Financial lowered their price objective on Freshpet from $140.00 to $110.00 and set a “buy” rating on the stock in a report on Monday. Citigroup reduced their target price on Freshpet from $155.00 to $142.00 and set a “neutral” rating for the company in a report on Wednesday, February 12th. Oppenheimer lowered shares of Freshpet from an “outperform” rating to a “market perform” rating in a research report on Tuesday, March 11th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Freshpet from $154.00 to $102.00 and set an “overweight” rating for the company in a report on Monday, March 10th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $148.67.

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.