Stifel Financial Corp Boosts Stake in Freshpet, Inc. (NASDAQ:FRPT)

Stifel Financial Corp lifted its holdings in Freshpet, Inc. (NASDAQ:FRPT) by 98.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,152 shares of the company’s stock after buying an additional 24,888 shares during the quarter. Stifel Financial Corp’s holdings in Freshpet were worth $7,428,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of FRPT. Virtu Financial LLC purchased a new stake in shares of Freshpet in the third quarter valued at approximately $226,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Freshpet in the third quarter valued at approximately $32,000. GAMMA Investing LLC boosted its stake in shares of Freshpet by 19.1% in the fourth quarter. GAMMA Investing LLC now owns 573 shares of the company’s stock valued at $85,000 after buying an additional 92 shares in the last quarter. Silverleafe Capital Partners LLC purchased a new stake in shares of Freshpet in the fourth quarter valued at approximately $678,000. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in shares of Freshpet by 1.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 5,887 shares of the company’s stock valued at $805,000 after buying an additional 75 shares in the last quarter.

Freshpet Stock Performance

NASDAQ FRPT opened at $73.40 on Tuesday. The business has a fifty day moving average of $86.26 and a 200-day moving average of $126.02. Freshpet, Inc. has a fifty-two week low of $72.20 and a fifty-two week high of $164.07. The stock has a market cap of $3.58 billion, a price-to-earnings ratio of 78.09 and a beta of 1.80. The company has a quick ratio of 3.91, a current ratio of 4.72 and a debt-to-equity ratio of 0.41.

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

Analyst Upgrades and Downgrades

A number of analysts 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. Piper Sandler decreased their target price on Freshpet from $160.00 to $145.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 25th. Jefferies Financial Group upgraded Freshpet from a “hold” rating to a “buy” rating and decreased their target price for the stock from $155.00 to $150.00 in a research report on Monday, February 24th. JPMorgan Chase & Co. decreased their target price on Freshpet from $102.00 to $91.00 and set a “neutral” rating on the stock in a research report on Thursday, April 10th. Finally, Robert W. Baird set a $125.00 target price on Freshpet in a research report on Wednesday, April 16th. One analyst has rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $139.47.

Freshpet Company 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.