Cwm LLC Increases Stock Position in Freshpet, Inc. (NASDAQ:FRPT)

Cwm LLC raised its holdings in shares of Freshpet, Inc. (NASDAQ:FRPT) by 18.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,243 shares of the company’s stock after purchasing an additional 827 shares during the quarter. Cwm LLC’s holdings in Freshpet were worth $436,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of FRPT. Elequin Capital LP bought a new position in Freshpet during the fourth quarter valued at $29,000. Morse Asset Management Inc bought a new position in Freshpet during the fourth quarter valued at $70,000. GeoWealth Management LLC bought a new position in Freshpet during the fourth quarter valued at $122,000. Teza Capital Management LLC bought a new position in Freshpet during the fourth quarter valued at $211,000. Finally, Forum Financial Management LP bought a new position in Freshpet during the fourth quarter valued at $215,000.

Freshpet Stock Performance

Shares of NASDAQ:FRPT opened at $71.75 on Friday. The firm’s 50 day simple moving average is $75.41 and its 200-day simple moving average is $95.49. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.92 and a current ratio of 4.91. Freshpet, Inc. has a one year low of $66.75 and a one year high of $164.07. The firm has a market cap of $3.50 billion, a PE ratio of 231.45, a price-to-earnings-growth ratio of 1.41 and a beta of 1.79.

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

Wall Street Analysts Forecast Growth

Several research firms have commented on FRPT. Benchmark lowered their price objective on shares of Freshpet from $140.00 to $120.00 and set a “buy” rating for the company in a research report on Tuesday, May 6th. Truist Financial lowered shares of Freshpet from a “buy” rating to a “hold” rating and lowered their price objective for the company from $90.00 to $80.00 in a research report on Wednesday, April 30th. TD Cowen downgraded shares of Freshpet from a “buy” rating to a “hold” rating and set a $96.00 target price on the stock. in a research note on Wednesday, May 28th. Robert W. Baird reduced their target price on shares of Freshpet from $125.00 to $115.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 6th. Finally, Stifel Nicolaus set a $90.00 target price on shares of Freshpet and gave the company a “buy” rating in a research note on Thursday, June 12th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Freshpet has a consensus rating of “Hold” and an average target price of $119.14.

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.