Freshpet, Inc. (NASDAQ:FRPT) Shares Sold by Kayne Anderson Rudnick Investment Management LLC

Kayne Anderson Rudnick Investment Management LLC lessened its position in shares of Freshpet, Inc. (NASDAQ:FRPT) by 4.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 357,593 shares of the company’s stock after selling 16,484 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC owned approximately 0.74% of Freshpet worth $52,963,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. MML Investors Services LLC purchased a new position in Freshpet during the 4th quarter valued at about $2,299,000. Ossiam increased its stake in shares of Freshpet by 1,613.8% during the 4th quarter. Ossiam now owns 2,725 shares of the company’s stock worth $404,000 after purchasing an additional 2,566 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of Freshpet during the 4th quarter worth approximately $2,070,000. Forum Financial Management LP purchased a new stake in Freshpet in the 4th quarter valued at approximately $215,000. Finally, Freedom Investment Management Inc. lifted its stake in Freshpet by 5.3% in the 4th quarter. Freedom Investment Management Inc. now owns 1,678 shares of the company’s stock valued at $249,000 after buying an additional 84 shares in the last quarter.

Freshpet Stock Performance

Shares of NASDAQ:FRPT opened at $77.57 on Monday. The business has a 50-day moving average of $93.09 and a two-hundred day moving average of $128.78. The firm has a market capitalization of $3.78 billion, a PE ratio of 82.52 and a beta of 1.80. 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 12 month low of $72.90 and a 12 month high of $164.07.

Freshpet (NASDAQ:FRPT) last posted its 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. The firm 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%. As a group, research analysts forecast that Freshpet, Inc. will post 1.55 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on FRPT shares. Wells Fargo & Company cut their price target on Freshpet from $142.00 to $110.00 and set an “overweight” rating for the company in a report on Wednesday, April 2nd. JPMorgan Chase & Co. cut their target price on shares of Freshpet from $102.00 to $91.00 and set a “neutral” rating for the company in a research note on Thursday, April 10th. Truist Financial decreased their price target on shares of Freshpet from $140.00 to $110.00 and set a “buy” rating on the stock in a research note on Monday, March 31st. Citigroup cut their price objective on shares of Freshpet from $155.00 to $142.00 and set a “neutral” rating for the company in a research report on Wednesday, February 12th. Finally, Piper Sandler decreased their target price on shares of Freshpet from $160.00 to $145.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 25th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, Freshpet currently has an average rating of “Moderate Buy” and an average price target of $140.80.

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.