Zions Bancorporation N.A. Raises Holdings in Freshpet, Inc. (NASDAQ:FRPT)

Zions Bancorporation N.A. raised its holdings in Freshpet, Inc. (NASDAQ:FRPT) by 19.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,263 shares of the company’s stock after purchasing an additional 2,657 shares during the quarter. Zions Bancorporation N.A.’s holdings in Freshpet were worth $2,409,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Geneos Wealth Management Inc. raised its holdings in Freshpet by 302.0% in the 4th quarter. Geneos Wealth Management Inc. now owns 201 shares of the company’s stock valued at $30,000 after buying an additional 151 shares during the period. Jones Financial Companies Lllp raised its stake in shares of Freshpet by 130.9% in the 4th quarter. Jones Financial Companies Lllp now owns 217 shares of the company’s stock valued at $32,000 after acquiring an additional 123 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of Freshpet in the 3rd quarter valued at approximately $32,000. R Squared Ltd acquired a new position in shares of Freshpet in the 4th quarter worth approximately $39,000. Finally, IFP Advisors Inc purchased a new position in shares of Freshpet during the 4th quarter worth approximately $43,000.

Analyst Ratings Changes

A number of brokerages have issued reports on FRPT. Stifel Nicolaus cut their target price on Freshpet from $155.00 to $135.00 and set a “buy” rating on the stock in a research report on Monday, March 10th. Truist Financial reissued a “buy” rating and set a $140.00 target price (down previously from $170.00) on shares of Freshpet in a research note on Tuesday, February 25th. Jefferies Financial Group raised Freshpet from a “hold” rating to a “buy” rating and dropped their target price for the company from $155.00 to $150.00 in a research report on Monday, February 24th. Piper Sandler reduced their price objective on Freshpet from $160.00 to $145.00 and set an “overweight” rating on the stock in a research note on Tuesday. Finally, Citigroup reduced their target price on shares of Freshpet from $155.00 to $142.00 and set a “neutral” rating on the stock in a report on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $150.67.

Freshpet Stock Down 2.9 %

FRPT opened at $86.23 on Wednesday. Freshpet, Inc. has a 52 week low of $80.27 and a 52 week high of $164.07. The business has a 50 day moving average price of $122.34 and a two-hundred day moving average price of $136.83. The company has a quick ratio of 3.91, a current ratio of 4.72 and a debt-to-equity ratio of 0.41. The company has a market cap of $4.20 billion, a PE ratio of 91.73 and a beta of 1.58.

Freshpet (NASDAQ:FRPT) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.36 earnings per share for the quarter, hitting the consensus estimate of $0.36. The firm had revenue of $262.71 million during the quarter, compared to the consensus estimate of $275.46 million. Freshpet had a return on equity of 3.92% and a net margin of 4.81%. As a group, research analysts anticipate that Freshpet, Inc. will post 1.55 EPS for the current year.

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.