Freshpet, Inc. (NASDAQ:FRPT) is Emerald Mutual Fund Advisers Trust’s 4th Largest Position

Emerald Mutual Fund Advisers Trust decreased its holdings in Freshpet, Inc. (NASDAQ:FRPT) by 16.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 313,374 shares of the company’s stock after selling 60,259 shares during the quarter. Freshpet comprises about 2.8% of Emerald Mutual Fund Advisers Trust’s portfolio, making the stock its 4th biggest position. Emerald Mutual Fund Advisers Trust owned approximately 0.65% of Freshpet worth $46,414,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. M&T Bank Corp grew its position in Freshpet by 3.2% in the 4th quarter. M&T Bank Corp now owns 2,253 shares of the company’s stock valued at $333,000 after acquiring an additional 70 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Freshpet by 1.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 5,887 shares of the company’s stock valued at $805,000 after purchasing an additional 75 shares in the last quarter. Freedom Investment Management Inc. increased its stake in Freshpet by 5.3% during the 4th quarter. Freedom Investment Management Inc. now owns 1,678 shares of the company’s stock worth $249,000 after buying an additional 84 shares during the period. GAMMA Investing LLC lifted its holdings in Freshpet by 19.1% during the 4th quarter. GAMMA Investing LLC now owns 573 shares of the company’s stock worth $85,000 after buying an additional 92 shares in the last quarter. Finally, Arizona State Retirement System lifted its holdings in Freshpet by 0.8% during the 4th quarter. Arizona State Retirement System now owns 13,350 shares of the company’s stock worth $1,977,000 after buying an additional 101 shares in the last quarter.

Freshpet Price Performance

Shares of NASDAQ FRPT opened at $74.65 on Monday. The stock has a market cap of $3.64 billion, a P/E ratio of 79.41 and a beta of 1.80. Freshpet, Inc. has a twelve month low of $72.20 and a twelve month high of $164.07. The stock has a 50 day moving average of $87.39 and a two-hundred day moving average of $126.50. The company has a current ratio of 4.72, a quick ratio of 3.91 and a debt-to-equity ratio of 0.41.

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

Wall Street Analyst Weigh In

Several analysts have recently issued reports on FRPT shares. Citigroup reduced their price objective on Freshpet from $155.00 to $142.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 12th. Piper Sandler decreased their price objective on Freshpet from $160.00 to $145.00 and set an “overweight” rating for the company in a research note on Tuesday, March 25th. Oppenheimer lowered shares of Freshpet from an “outperform” rating to a “market perform” rating in a research note on Tuesday, March 11th. Robert W. Baird set a $125.00 price target on shares of Freshpet in a research note on Wednesday, April 16th. Finally, Benchmark dropped their price objective on shares of Freshpet from $195.00 to $140.00 and set a “buy” rating on the stock in a research report on Tuesday, April 15th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $139.47.

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.