Freshpet, Inc. $FRPT Shares Sold by Riverbridge Partners LLC

Riverbridge Partners LLC trimmed its position in Freshpet, Inc. (NASDAQ:FRPT) by 13.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,003,710 shares of the company’s stock after selling 153,579 shares during the period. Freshpet comprises about 1.1% of Riverbridge Partners LLC’s investment portfolio, making the stock its 26th largest position. Riverbridge Partners LLC owned about 2.06% of Freshpet worth $61,156,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of FRPT. State of Wyoming acquired a new position in shares of Freshpet in the second quarter valued at approximately $34,000. EverSource Wealth Advisors LLC lifted its stake in shares of Freshpet by 1,388.2% during the second quarter. EverSource Wealth Advisors LLC now owns 506 shares of the company’s stock valued at $34,000 after buying an additional 472 shares during the period. Ossiam boosted its position in Freshpet by 81.1% during the second quarter. Ossiam now owns 509 shares of the company’s stock worth $35,000 after acquiring an additional 228 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in Freshpet by 445.4% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 529 shares of the company’s stock worth $32,000 after acquiring an additional 432 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its stake in Freshpet by 258.9% in the 2nd quarter. Smartleaf Asset Management LLC now owns 542 shares of the company’s stock worth $37,000 after acquiring an additional 391 shares during the period.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on FRPT shares. TD Cowen reiterated a “hold” rating on shares of Freshpet in a report on Tuesday, March 17th. Stephens restated an “overweight” rating and set a $90.00 price objective on shares of Freshpet in a report on Tuesday, February 24th. Morgan Stanley upgraded Freshpet from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $71.00 to $90.00 in a research note on Tuesday, February 24th. Oppenheimer upgraded Freshpet from a “market perform” rating to an “outperform” rating and set a $80.00 target price for the company in a research note on Friday, March 20th. Finally, JPMorgan Chase & Co. reduced their target price on Freshpet from $80.00 to $66.00 and set a “neutral” rating on the stock in a research report on Wednesday. Nine equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $76.00.

Freshpet Stock Performance

NASDAQ:FRPT opened at $58.79 on Friday. The company has a market cap of $2.88 billion, a P/E ratio of 22.88, a P/E/G ratio of 1.97 and a beta of 1.66. The firm’s 50 day moving average is $72.43 and its two-hundred day moving average is $62.16. Freshpet, Inc. has a fifty-two week low of $46.76 and a fifty-two week high of $89.80. The company has a quick ratio of 4.57, a current ratio of 5.54 and a debt-to-equity ratio of 0.35.

Freshpet (NASDAQ:FRPT) last announced its quarterly earnings data on Monday, February 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.21. The company had revenue of $285.23 million during the quarter, compared to analysts’ expectations of $285.66 million. Freshpet had a net margin of 12.63% and a return on equity of 6.93%. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.36 EPS. Analysts expect that Freshpet, Inc. will post 1.55 EPS for the current year.

Key Stories Impacting Freshpet

Here are the key news stories impacting Freshpet this week:

• Positive Sentiment: Analysts dismissed competitive-threat concerns, a view that helped lift the stock as investors see Freshpet’s brand and growth resilience as intact. Freshpet stock gains after analysts dismisses competitive threats
• Positive Sentiment: Freshpet was named among mid‑cap consumer defensive stocks to buy, which can attract buyer interest from investors seeking defensive exposure to consumer staples/ pet‑care. 5 Best Mid-Cap Consumer Defensive Stocks to Buy
• Neutral Sentiment: Jim Cramer noted Freshpet has been “too hot versus the cohort,” flagging valuation/margin concerns even as the company remains a notable performer — commentary that can temper momentum rather than trigger a directional move. Jim Cramer on Freshpet, Inc.: “I Think That This Stock Has Been Too Hot Versus the Cohort”
• Negative Sentiment: Pomerantz LLP opened an investigation into Freshpet on behalf of investors, a development that increases legal uncertainty and could pressure sentiment if the probe expands. INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Freshpet, Inc. – FRPT
• Negative Sentiment: Levi & Korsinsky also launched an investigation tied to a recent NAD ruling after a competitor challenge, signaling compounding shareholder‑lawyer scrutiny and potential litigation exposure. Fraud Investigation Opened: Levi & Korsinsky Investigates Freshpet Inc. (FRPT) on Behalf of Shareholders
• Negative Sentiment: JPMorgan cut its price target from $80 to $66 and moved to a neutral rating, which reduces upside expectations from a major institutional voice and can weigh on sentiment and flows. Benzinga note on JPMorgan price target cut

About Freshpet

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.