Bank of Montreal Can has reduced its holdings in Freshpet, Inc. (FRPT:NSD) by 92.4% during the fourth quarter, according to its recent filing with the SEC. The institutional investor owned 8,405 shares of FRPT stock after selling 102,620 shares during the period. As of its latest filing, Bank of Montreal Can’s holdings in Freshpet were worth $444,000.
Hedge Funds & Institutional Holdings:
Several other institutional investors and hedge funds have also recently modified their holdings in Freshpet. Macquarie Group Ltd. boosted its holdings in the company by 74.9% during the third quarter. Eqis Capital Management Inc. and Grandeur Peak Global Advisors LLC also increased their positions in Freshpet during the same period. Additionally, Alpha Paradigm Partners LLC and Lisanti Capital Growth LLC acquired new positions in Freshpet during the third quarter.
FRPT Stock-Analyst Ratings:
Several analysts have weighed in on the FRPT stock. Benchmark reaffirmed a “buy” rating and set a $100.00 target price on shares of Freshpet in a research report, while Credit Suisse Group increased their price target on Freshpet from $60.00 to $65.00 and gave the company a “neutral” rating.
Cowen lowered their price target on Freshpet from $82.00 to $80.00 in a research report, while Stephens increased their price target on Freshpet from $70.00 to $75.00 and gave the company an “overweight” rating. Finally, Truist Financial increased its price target on Freshpet from $40.00 to $55.00 and gave the company a “hold” rating.
FRPT Stock Price Analysis:
FRPT stock opened at $68.10 on Wednesday and has a fifty-two week low of $36.02 and a fifty-two week high of $90.15. The company has a market capitalization of $3.27 billion, a price-to-earnings ratio of -52.38, and a beta of 0.96.
Freshpet last issued its earnings results on Monday, February 27th, with a revenue of $165.80 million during the quarter, compared to the consensus estimate of $151.34 million. Equities analysts predict that Freshpet, Inc. will post -0.53 EPS for the current year.
Freshpet, Inc. manufactures and markets natural fresh meals and treats for dogs and cats in the United States, Canada, and Europe. The company sells its products under the Freshpet brand; and Dognation and Dog Joy labels through various classes of retail, including grocery, mass, club, pet specialty, and natural, as well as online. Freshpet, Inc. was incorporated in 2004 and is headquartered in Secaucus, New Jersey.