Wipfli Financial Advisors LLC Buys Shares of 561 Freshpet, Inc. (NASDAQ:FRPT)

Wipfli Financial Advisors LLC bought a new stake in Freshpet, Inc. (NASDAQ:FRPTGet Rating) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 561 shares of the company’s stock, valued at approximately $28,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Eqis Capital Management Inc. raised its stake in shares of Freshpet by 5.3% during the 2nd quarter. Eqis Capital Management Inc. now owns 4,399 shares of the company’s stock valued at $228,000 after purchasing an additional 223 shares during the period. First Republic Investment Management Inc. raised its stake in shares of Freshpet by 4.1% during the 2nd quarter. First Republic Investment Management Inc. now owns 6,078 shares of the company’s stock valued at $315,000 after purchasing an additional 239 shares during the period. LPL Financial LLC raised its stake in shares of Freshpet by 3.6% during the 2nd quarter. LPL Financial LLC now owns 7,568 shares of the company’s stock valued at $393,000 after purchasing an additional 263 shares during the period. Teachers Retirement System of The State of Kentucky raised its stake in shares of Freshpet by 2.7% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 16,044 shares of the company’s stock valued at $1,647,000 after purchasing an additional 427 shares during the period. Finally, First Horizon Advisors Inc. raised its stake in shares of Freshpet by 414.7% during the 2nd quarter. First Horizon Advisors Inc. now owns 664 shares of the company’s stock valued at $34,000 after purchasing an additional 535 shares during the period.

Analysts Set New Price Targets

A number of analysts recently issued reports on FRPT shares. Cowen decreased their price objective on Freshpet from $82.00 to $80.00 in a research note on Friday, January 6th. Cowen decreased their price objective on Freshpet from $97.00 to $82.00 in a research note on Wednesday, November 2nd. Piper Sandler boosted their target price on Freshpet from $69.00 to $88.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 7th. Credit Suisse Group boosted their target price on Freshpet from $50.00 to $60.00 and gave the stock a “neutral” rating in a research report on Thursday, November 3rd. Finally, UBS Group assumed coverage on Freshpet in a research report on Friday, September 30th. They set a “buy” rating and a $67.00 target price for the company. One analyst has rated the stock with a sell rating, four have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $77.64.

Freshpet Trading Down 1.7 %

FRPT opened at $61.43 on Friday. The stock has a 50-day moving average price of $58.90 and a 200-day moving average price of $53.67. Freshpet, Inc. has a 12-month low of $36.02 and a 12-month high of $118.77. The stock has a market capitalization of $2.95 billion, a P/E ratio of -42.37 and a beta of 0.90.

Freshpet (NASDAQ:FRPTGet Rating) last posted its quarterly earnings data on Tuesday, November 1st. The company reported ($0.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.16). The firm had revenue of $151.33 million during the quarter, compared to analysts’ expectations of $147.82 million. Freshpet had a negative return on equity of 7.55% and a negative net margin of 12.07%. On average, equities research analysts predict that Freshpet, Inc. will post -1.31 EPS for the current year.

About Freshpet

(Get Rating)

Freshpet, Inc is engaged in the manufacturing, marketing, and distribution of pet food and pet treats for dogs and cats. The firm foods are blends of fresh meats, vegetables and fruits farmed locally and made at Freshpet kitchens. Its products include Deli Fresh Grain Free Chicken Recipe for Dogs, Joy Turkey and Apple Bites Treats, Nature’s Fresh Grain Free Chicken Recipe for Cats, and Vital Grain Free Chicken and Ocean Whitefish Recipe for Cats.

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Institutional Ownership by Quarter for Freshpet (NASDAQ:FRPT)

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