Freshpet, Inc. (NASDAQ:FRPT) Shares Sold by Trillium Asset Management LLC

Trillium Asset Management LLC decreased its position in shares of Freshpet, Inc. (NASDAQ:FRPT) by 4.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 48,948 shares of the company’s stock after selling 2,136 shares during the quarter. Trillium Asset Management LLC owned 0.10% of Freshpet worth $7,250,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the stock. Xponance Inc. lifted its holdings in Freshpet by 7.9% in the fourth quarter. Xponance Inc. now owns 3,373 shares of the company’s stock valued at $500,000 after acquiring an additional 248 shares during the period. Thrivent Financial for Lutherans acquired a new position in Freshpet in the fourth quarter valued at approximately $517,000. Envestnet Portfolio Solutions Inc. lifted its holdings in Freshpet by 331.7% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 8,042 shares of the company’s stock valued at $1,191,000 after acquiring an additional 6,179 shares during the period. Natixis Advisors LLC lifted its holdings in Freshpet by 406.4% in the fourth quarter. Natixis Advisors LLC now owns 53,066 shares of the company’s stock valued at $7,860,000 after acquiring an additional 42,587 shares during the period. Finally, Ironwood Investment Management LLC lifted its holdings in Freshpet by 0.9% in the fourth quarter. Ironwood Investment Management LLC now owns 37,132 shares of the company’s stock valued at $5,500,000 after acquiring an additional 332 shares during the period.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on FRPT shares. Oppenheimer downgraded Freshpet from an “outperform” rating to a “market perform” rating in a research note on Tuesday, March 11th. Jefferies Financial Group raised Freshpet from a “hold” rating to a “buy” rating and reduced their target price for the stock from $155.00 to $150.00 in a research note on Monday, February 24th. Piper Sandler reduced their target price on Freshpet from $180.00 to $160.00 and set an “overweight” rating for the company in a research note on Friday, February 21st. Wells Fargo & Company reduced their target price on Freshpet from $170.00 to $142.00 and set an “overweight” rating for the company in a research note on Friday, February 21st. Finally, Stifel Nicolaus reduced their target price on Freshpet from $155.00 to $135.00 and set a “buy” rating for the company in a research note on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $151.67.

Freshpet Stock Up 0.7 %

Shares of NASDAQ:FRPT opened at $85.70 on Thursday. The business has a 50-day moving average price of $127.16 and a 200 day moving average price of $138.23. The company has a current ratio of 4.72, a quick ratio of 3.91 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $4.18 billion, a price-to-earnings ratio of 91.17 and a beta of 1.58. Freshpet, Inc. has a 12-month low of $80.27 and a 12-month high of $164.07.

Freshpet (NASDAQ:FRPT) last issued its quarterly earnings data 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 return on equity of 3.92% and a net margin of 4.81%. Sell-side analysts expect that Freshpet, Inc. will post 1.55 EPS for the current year.

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.