Hudson Bay Capital Management LP Makes New Investment in Freshpet, Inc. (NASDAQ:FRPT)

Hudson Bay Capital Management LP acquired a new position in Freshpet, Inc. (NASDAQ:FRPT) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 14,230 shares of the company’s stock, valued at approximately $2,108,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Geneos Wealth Management Inc. boosted its stake in shares of Freshpet by 302.0% during the 4th quarter. Geneos Wealth Management Inc. now owns 201 shares of the company’s stock worth $30,000 after purchasing an additional 151 shares during the period. Jones Financial Companies Lllp boosted its stake in shares of Freshpet by 130.9% during the 4th quarter. Jones Financial Companies Lllp now owns 217 shares of the company’s stock worth $32,000 after purchasing an additional 123 shares during the period. R Squared Ltd purchased a new position in shares of Freshpet during the 4th quarter worth about $39,000. IFP Advisors Inc purchased a new position in shares of Freshpet during the 4th quarter worth about $43,000. Finally, SBI Securities Co. Ltd. purchased a new position in shares of Freshpet during the 4th quarter worth about $43,000.

Freshpet Trading Down 2.9%

Shares of FRPT opened at $77.31 on Wednesday. Freshpet, Inc. has a 1-year low of $71.19 and a 1-year high of $164.07. The company has a debt-to-equity ratio of 0.41, a current ratio of 4.72 and a quick ratio of 3.91. The firm has a market capitalization of $3.77 billion, a price-to-earnings ratio of 82.24 and a beta of 1.85. The company has a 50-day moving average of $80.99 and a 200 day moving average of $121.51.

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

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Wells Fargo & Company dropped their price target on shares of Freshpet from $110.00 to $100.00 and set an “overweight” rating for the company in a research note on Tuesday, May 6th. Robert W. Baird dropped their price target on shares of Freshpet from $125.00 to $115.00 and set an “outperform” rating for the company in a research note on Tuesday, May 6th. Truist Financial cut shares of Freshpet from a “buy” rating to a “hold” rating and dropped their price target for the stock from $90.00 to $80.00 in a research note on Wednesday, April 30th. JPMorgan Chase & Co. dropped their price target on shares of Freshpet from $91.00 to $85.00 and set a “neutral” rating for the company in a research note on Tuesday, May 6th. Finally, Oppenheimer cut shares of Freshpet from an “outperform” rating to a “market perform” rating in a research note on Tuesday, March 11th. 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. According to MarketBeat, Freshpet currently has a consensus rating of “Moderate Buy” and a consensus target price of $135.73.

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.