Teacher Retirement System of Texas Acquires Shares of 6,740 Freshpet, Inc. (NASDAQ:FRPT)

Teacher Retirement System of Texas acquired a new stake in shares of Freshpet, Inc. (NASDAQ:FRPT) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 6,740 shares of the company’s stock, valued at approximately $561,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of FRPT. Elequin Capital LP acquired a new stake in shares of Freshpet during the 4th quarter worth approximately $29,000. Jones Financial Companies Lllp raised its position in shares of Freshpet by 130.9% during the 4th quarter. Jones Financial Companies Lllp now owns 217 shares of the company’s stock worth $32,000 after purchasing an additional 123 shares during the period. Morse Asset Management Inc acquired a new stake in shares of Freshpet during the 4th quarter worth approximately $70,000. GeoWealth Management LLC acquired a new stake in shares of Freshpet during the 4th quarter worth approximately $122,000. Finally, Teza Capital Management LLC acquired a new stake in shares of Freshpet during the 4th quarter worth approximately $211,000.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on FRPT shares. Truist Financial cut Freshpet from a “buy” rating to a “hold” rating and dropped their price target for the stock from $90.00 to $80.00 in a research report on Wednesday, April 30th. Robert W. Baird lowered their target price on Freshpet from $125.00 to $115.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 6th. Stifel Nicolaus set a $90.00 target price on Freshpet and gave the company a “buy” rating in a research report on Thursday, June 12th. JPMorgan Chase & Co. lowered their target price on Freshpet from $91.00 to $85.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 6th. Finally, Benchmark lowered their target price on Freshpet from $140.00 to $120.00 and set a “buy” rating on the stock in a research report on Tuesday, May 6th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Freshpet has a consensus rating of “Hold” and a consensus price target of $119.14.

Freshpet Stock Performance

FRPT opened at $69.39 on Thursday. The firm has a market cap of $3.38 billion, a PE ratio of 223.84, a P/E/G ratio of 1.15 and a beta of 1.79. The company has a quick ratio of 3.92, a current ratio of 4.91 and a debt-to-equity ratio of 0.41. The business has a fifty day simple moving average of $76.43 and a 200-day simple moving average of $98.60. Freshpet, Inc. has a fifty-two week low of $66.75 and a fifty-two week high of $164.07.

Freshpet (NASDAQ:FRPT) last released its quarterly earnings data on Monday, May 5th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.04). The company had revenue of $263.25 million for the quarter, compared to the consensus estimate of $265.57 million. Freshpet had a return on equity of 3.16% and a net margin of 1.54%. The business’s revenue was up 17.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.37 earnings per share. As a group, equities analysts predict that Freshpet, Inc. will post 1.55 EPS for the current fiscal year.

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.