ExodusPoint Capital Management LP Invests $9.76 Million in Freshpet, Inc. (NASDAQ:FRPT)

ExodusPoint Capital Management LP acquired a new stake in Freshpet, Inc. (NASDAQ:FRPT) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 65,873 shares of the company’s stock, valued at approximately $9,756,000. ExodusPoint Capital Management LP owned about 0.14% of Freshpet at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Bryce Point Capital LLC bought a new position in Freshpet during the fourth quarter valued at about $523,000. Trexquant Investment LP bought a new position in shares of Freshpet in the 4th quarter valued at approximately $3,985,000. Geode Capital Management LLC raised its stake in shares of Freshpet by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 844,744 shares of the company’s stock valued at $127,446,000 after acquiring an additional 9,081 shares in the last quarter. O Shaughnessy Asset Management LLC acquired a new stake in Freshpet in the 4th quarter worth approximately $293,000. Finally, Pictet Asset Management Holding SA boosted its position in Freshpet by 14.6% during the fourth quarter. Pictet Asset Management Holding SA now owns 6,419 shares of the company’s stock worth $951,000 after purchasing an additional 816 shares during the period.

Freshpet Price Performance

Shares of Freshpet stock opened at $79.49 on Friday. The firm has a market cap of $3.87 billion, a P/E ratio of 84.56 and a beta of 1.80. The firm’s 50-day simple moving average is $110.68 and its 200-day simple moving average is $133.82. Freshpet, Inc. has a twelve month low of $77.15 and a twelve month high of $164.07. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.91 and a current ratio of 4.72.

Freshpet (NASDAQ:FRPT) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.36 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.36. Freshpet had a return on equity of 3.92% and a net margin of 4.81%. The company had revenue of $262.71 million for the quarter, compared to the consensus estimate of $275.46 million. As a group, research analysts expect that Freshpet, Inc. will post 1.55 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on FRPT. Jefferies Financial Group upgraded shares of Freshpet from a “hold” rating to a “buy” rating and reduced their price objective for the stock from $155.00 to $150.00 in a research note on Monday, February 24th. Piper Sandler dropped their target price on shares of Freshpet from $160.00 to $145.00 and set an “overweight” rating on the stock in a report on Tuesday, March 25th. JPMorgan Chase & Co. decreased their price target on shares of Freshpet from $154.00 to $102.00 and set an “overweight” rating for the company in a report on Monday, March 10th. Citigroup dropped their price objective on Freshpet from $155.00 to $142.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 12th. Finally, Oppenheimer downgraded Freshpet from an “outperform” rating to a “market perform” rating in a research note on Tuesday, March 11th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $146.53.

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.