Ameriprise Financial Inc. Has $49.63 Million Holdings in Freshpet, Inc. (NASDAQ:FRPT)

Ameriprise Financial Inc. grew its holdings in Freshpet, Inc. (NASDAQ:FRPT) by 11.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 335,097 shares of the company’s stock after acquiring an additional 33,078 shares during the quarter. Ameriprise Financial Inc. owned 0.69% of Freshpet worth $49,631,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of FRPT. Norges Bank bought a new stake in shares of Freshpet in the 4th quarter valued at approximately $75,253,000. Allspring Global Investments Holdings LLC boosted its stake in shares of Freshpet by 198.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 381,385 shares of the company’s stock valued at $55,065,000 after purchasing an additional 253,679 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of Freshpet by 267.0% in the 4th quarter. Renaissance Technologies LLC now owns 155,596 shares of the company’s stock worth $23,045,000 after purchasing an additional 113,200 shares during the last quarter. WCM Investment Management LLC increased its position in shares of Freshpet by 4.0% during the 4th quarter. WCM Investment Management LLC now owns 2,881,855 shares of the company’s stock worth $430,809,000 after purchasing an additional 110,478 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in Freshpet by 143.8% during the 4th quarter. Envestnet Asset Management Inc. now owns 173,310 shares of the company’s stock valued at $25,669,000 after purchasing an additional 102,232 shares during the last quarter.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on FRPT shares. Benchmark cut their target price on shares of Freshpet from $140.00 to $120.00 and set a “buy” rating for the company in a research note on Tuesday, May 6th. Piper Sandler decreased their target price on Freshpet from $160.00 to $145.00 and set an “overweight” rating on the stock in a report on Tuesday, March 25th. Jefferies Financial Group upgraded Freshpet from a “hold” rating to a “buy” rating and lowered their target price for the company from $155.00 to $150.00 in a research note on Monday, February 24th. Stifel Nicolaus decreased their price objective on shares of Freshpet from $135.00 to $115.00 and set a “buy” rating on the stock in a report on Thursday, April 10th. Finally, Citigroup lowered 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. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $135.73.

Freshpet Stock Down 1.9 %

NASDAQ:FRPT opened at $80.47 on Friday. The company has a quick ratio of 3.91, a current ratio of 4.72 and a debt-to-equity ratio of 0.41. Freshpet, Inc. has a 12-month low of $71.19 and a 12-month high of $164.07. The stock’s fifty day simple moving average is $81.60 and its 200-day simple moving average is $122.28. The firm has a market capitalization of $3.93 billion, a P/E ratio of 85.61 and a beta of 1.85.

Freshpet (NASDAQ:FRPT) last announced its quarterly earnings results on Monday, May 5th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.04). The company had revenue of $263.25 million during the quarter, compared to the consensus estimate of $265.57 million. Freshpet had a net margin of 4.81% and a return on equity of 3.92%. The business’s revenue was up 17.6% compared to the same quarter last year. During the same period last year, the company earned $0.37 earnings per share. Equities research analysts expect that Freshpet, Inc. will post 1.55 earnings per share for the current year.

Freshpet Company 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.