16,103 Shares in Freshpet, Inc. $FRPT Acquired by Bridgefront Capital LLC

Bridgefront Capital LLC bought a new position in Freshpet, Inc. (NASDAQ:FRPT) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 16,103 shares of the company’s stock, valued at approximately $887,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Parallel Advisors LLC boosted its holdings in shares of Freshpet by 55.0% during the 3rd quarter. Parallel Advisors LLC now owns 555 shares of the company’s stock worth $31,000 after buying an additional 197 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Freshpet by 1,388.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 506 shares of the company’s stock valued at $34,000 after acquiring an additional 472 shares in the last quarter. State of Wyoming acquired a new position in shares of Freshpet during the 2nd quarter valued at $34,000. Ossiam lifted its position in shares of Freshpet by 81.1% during the 2nd quarter. Ossiam now owns 509 shares of the company’s stock valued at $35,000 after acquiring an additional 228 shares during the period. Finally, Smartleaf Asset Management LLC boosted its stake in Freshpet by 258.9% during the second quarter. Smartleaf Asset Management LLC now owns 542 shares of the company’s stock worth $37,000 after acquiring an additional 391 shares in the last quarter.

Freshpet Stock Performance

FRPT opened at $76.60 on Monday. Freshpet, Inc. has a 1-year low of $46.76 and a 1-year high of $91.25. The company has a market cap of $3.76 billion, a price-to-earnings ratio of 29.81, a PEG ratio of 2.34 and a beta of 1.66. The company’s fifty day moving average price is $72.17 and its two-hundred day moving average price is $61.67. The company has a current ratio of 5.54, a quick ratio of 4.57 and a debt-to-equity ratio of 0.35.

Freshpet (NASDAQ:FRPT) last issued its quarterly earnings data on Monday, February 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.21. The firm had revenue of $285.23 million during the quarter, compared to analysts’ expectations of $285.66 million. Freshpet had a net margin of 12.63% and a return on equity of 6.93%. The business’s revenue was up 8.6% on a year-over-year basis. During the same period last year, the company earned $0.36 earnings per share. On average, analysts expect that Freshpet, Inc. will post 1.55 EPS for the current fiscal year.

Analysts Set New Price Targets

FRPT has been the subject of a number of research reports. Stifel Nicolaus raised their price target on shares of Freshpet from $65.00 to $84.00 and gave the stock a “buy” rating in a report on Tuesday, February 24th. Zacks Research upgraded shares of Freshpet from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 18th. TD Cowen set a $60.00 price objective on shares of Freshpet in a research report on Tuesday, February 24th. JPMorgan Chase & Co. raised their target price on Freshpet from $70.00 to $80.00 and gave the company a “neutral” rating in a research note on Tuesday, February 24th. Finally, Deutsche Bank Aktiengesellschaft lowered Freshpet from a “buy” rating to a “hold” rating and set a $62.00 target price for the company. in a research report on Monday, December 15th. Eight investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $76.47.

Freshpet Company Profile

Freshpet Inc (NASDAQ: FRPT) is a leading pet food company specializing in fresh, refrigerated meals and treats for dogs and cats. The company’s products are formulated with carefully selected, natural ingredients and are designed to offer a higher level of nutrition and freshness than traditional dry or canned pet foods. Freshpet’s offerings include refrigerated rolls, pâtés and snacks, all of which are sold through the refrigerated section of grocery, mass-market and pet specialty stores.

Freshpet’s product portfolio is built around the concept of fresh, minimally processed recipes that do not require preservatives or artificial colors.