Neuberger Berman Group LLC Raises Holdings in Freshpet, Inc. (NASDAQ:FRPT)

Neuberger Berman Group LLC boosted its holdings in shares of Freshpet, Inc. (NASDAQ:FRPTGet Rating) by 104.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 529,784 shares of the company’s stock after buying an additional 271,286 shares during the quarter. Neuberger Berman Group LLC’s holdings in Freshpet were worth $54,377,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Parallel Advisors LLC boosted its stake in Freshpet by 186.0% in the first quarter. Parallel Advisors LLC now owns 286 shares of the company’s stock valued at $30,000 after acquiring an additional 186 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Freshpet by 5.3% in the fourth quarter. Principal Financial Group Inc. now owns 4,424 shares of the company’s stock valued at $421,000 after acquiring an additional 221 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Freshpet by 32.6% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 951 shares of the company’s stock valued at $98,000 after acquiring an additional 234 shares in the last quarter. Treasurer of the State of North Carolina lifted its stake in shares of Freshpet by 1.6% during the first quarter. Treasurer of the State of North Carolina now owns 15,037 shares of the company’s stock worth $1,543,000 after buying an additional 238 shares during the period. Finally, Quadrant Capital Group LLC lifted its stake in shares of Freshpet by 8,433.3% during the first quarter. Quadrant Capital Group LLC now owns 256 shares of the company’s stock worth $26,000 after buying an additional 253 shares during the period.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on FRPT. Robert W. Baird lowered their price objective on shares of Freshpet from $90.00 to $70.00 in a research note on Thursday, September 8th. Cowen lowered their price objective on shares of Freshpet from $118.00 to $97.00 and set an “outperform” rating for the company in a research note on Thursday, September 8th. Cowen lowered their price objective on shares of Freshpet from $118.00 to $97.00 in a research note on Thursday, September 8th. Stephens lowered their price objective on shares of Freshpet from $120.00 to $100.00 and set an “overweight” rating for the company in a research note on Tuesday, August 9th. Finally, Truist Financial cut shares of Freshpet from a “buy” rating to a “hold” rating in a report on Thursday, September 8th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $78.38.

Freshpet Stock Down 2.0 %

FRPT opened at $40.80 on Monday. Freshpet, Inc. has a fifty-two week low of $36.02 and a fifty-two week high of $159.66. The company has a debt-to-equity ratio of 0.06, a quick ratio of 5.56 and a current ratio of 6.42. The company has a fifty day moving average of $46.85 and a two-hundred day moving average of $68.57. The stock has a market capitalization of $1.95 billion, a price-to-earnings ratio of -36.76 and a beta of 0.92.

Freshpet (NASDAQ:FRPTGet Rating) last released its earnings results on Monday, August 8th. The company reported ($0.45) EPS for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.31). The company had revenue of $146.01 million for the quarter, compared to analysts’ expectations of $147.89 million. Freshpet had a negative return on equity of 6.21% and a negative net margin of 9.86%. The firm’s revenue for the quarter was up 34.4% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.17) EPS. On average, research analysts expect that Freshpet, Inc. will post -0.75 earnings per share for the current year.

Freshpet Profile

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Freshpet, Inc manufactures and markets natural fresh meals and treats for dogs and cats in the United States, Canada, and Europe. The company sells its products under the Freshpet brand; and Dognation and Dog Joy labels through various classes of retail, including grocery, mass, club, pet specialty, and natural, as well as online.

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Institutional Ownership by Quarter for Freshpet (NASDAQ:FRPT)

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