SG Americas Securities LLC Has $5.03 Million Position in Freshpet, Inc. $FRPT

SG Americas Securities LLC grew its position in Freshpet, Inc. (NASDAQ:FRPT) by 415.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 82,522 shares of the company’s stock after purchasing an additional 66,502 shares during the period. SG Americas Securities LLC owned about 0.17% of Freshpet worth $5,028,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Diversified Trust Co. increased its position in shares of Freshpet by 16.6% in the 4th quarter. Diversified Trust Co. now owns 23,360 shares of the company’s stock valued at $1,423,000 after buying an additional 3,319 shares in the last quarter. True Wealth Design LLC lifted its holdings in Freshpet by 2,307.7% during the fourth quarter. True Wealth Design LLC now owns 626 shares of the company’s stock worth $38,000 after acquiring an additional 600 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in Freshpet by 23.6% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 17,908 shares of the company’s stock worth $1,116,000 after acquiring an additional 3,420 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in Freshpet by 445.4% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 529 shares of the company’s stock valued at $32,000 after acquiring an additional 432 shares during the period. Finally, GAMMA Investing LLC increased its holdings in shares of Freshpet by 239.0% in the fourth quarter. GAMMA Investing LLC now owns 1,807 shares of the company’s stock worth $110,000 after acquiring an additional 1,274 shares in the last quarter.

Freshpet Stock Up 1.9%

FRPT stock opened at $60.08 on Thursday. The company has a debt-to-equity ratio of 0.35, a current ratio of 5.54 and a quick ratio of 4.57. The stock has a market capitalization of $2.95 billion, a P/E ratio of 23.38, a P/E/G ratio of 1.96 and a beta of 1.78. The business has a 50-day moving average of $71.74 and a 200-day moving average of $62.29. Freshpet, Inc. has a fifty-two week low of $46.76 and a fifty-two week high of $89.80.

Freshpet (NASDAQ:FRPT) last announced its earnings results on Monday, February 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.21. The business had revenue of $285.23 million for the quarter, compared to analyst estimates of $285.66 million. Freshpet had a return on equity of 6.93% and a net margin of 12.63%.Freshpet’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.36 EPS. On average, sell-side analysts anticipate that Freshpet, Inc. will post 1.55 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently commented on FRPT. Bank of America raised their price target on Freshpet from $60.00 to $67.00 and gave the stock a “neutral” rating in a research report on Friday, December 19th. Piper Sandler increased their target price on Freshpet from $80.00 to $87.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 4th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Freshpet from $69.00 to $62.00 and set a “hold” rating on the stock in a report on Monday. JPMorgan Chase & Co. reduced their price target on shares of Freshpet from $80.00 to $66.00 and set a “neutral” rating for the company in a report on Wednesday, March 25th. Finally, Stephens reissued an “overweight” rating and set a $90.00 price objective on shares of Freshpet in a research report on Tuesday, February 24th. Nine investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Freshpet presently has a consensus rating of “Hold” and a consensus price target of $76.00.

Freshpet Company Profile

Freshpet Inc (NASDAQ: FRPT) is a leading pet food company specializing in fresh, refrigerated meals and treats for dogs and cats. The company’s products are formulated with carefully selected, natural ingredients and are designed to offer a higher level of nutrition and freshness than traditional dry or canned pet foods. Freshpet’s offerings include refrigerated rolls, pâtés and snacks, all of which are sold through the refrigerated section of grocery, mass-market and pet specialty stores.

Freshpet’s product portfolio is built around the concept of fresh, minimally processed recipes that do not require preservatives or artificial colors.