Benjamin F. Edwards & Company Inc. Increases Stock Holdings in Freshpet, Inc. (NASDAQ:FRPT)

Benjamin F. Edwards & Company Inc. lifted its stake in shares of Freshpet, Inc. (NASDAQ:FRPT) by 3,670.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 377 shares of the company’s stock after buying an additional 367 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in Freshpet were worth $49,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. ORG Partners LLC purchased a new stake in Freshpet during the 2nd quarter worth approximately $32,000. GAMMA Investing LLC increased its holdings in Freshpet by 100.8% during the 1st quarter. GAMMA Investing LLC now owns 263 shares of the company’s stock worth $30,000 after purchasing an additional 132 shares during the last quarter. Whittier Trust Co. purchased a new stake in Freshpet during the 1st quarter worth approximately $41,000. Quarry LP purchased a new stake in Freshpet during the 4th quarter worth approximately $40,000. Finally, CWM LLC increased its holdings in Freshpet by 65.9% during the 2nd quarter. CWM LLC now owns 496 shares of the company’s stock worth $64,000 after purchasing an additional 197 shares during the last quarter.

Insider Buying and Selling at Freshpet

In other Freshpet news, EVP Stephen Macchiaverna sold 2,178 shares of Freshpet stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $140.01, for a total transaction of $304,941.78. Following the sale, the executive vice president now owns 86,039 shares of the company’s stock, valued at approximately $12,046,320.39. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.60% of the stock is owned by company insiders.

Freshpet Trading Down 0.1 %

NASDAQ:FRPT opened at $135.74 on Friday. Freshpet, Inc. has a 12-month low of $54.60 and a 12-month high of $144.38. The firm has a market capitalization of $6.57 billion, a P/E ratio of 754.11 and a beta of 1.39. The company has a debt-to-equity ratio of 0.42, a current ratio of 4.50 and a quick ratio of 3.69. The business has a 50 day simple moving average of $132.03 and a 200 day simple moving average of $124.50.

Freshpet (NASDAQ:FRPT) last announced its earnings results on Monday, August 5th. The company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.09) by $0.06. The firm had revenue of $235.30 million for the quarter, compared to the consensus estimate of $230.99 million. Freshpet had a return on equity of 1.78% and a net margin of 2.86%. The firm’s revenue for the quarter was up 28.4% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.35) EPS. Equities research analysts predict that Freshpet, Inc. will post 0.72 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on FRPT shares. Bank of America lifted their price objective on Freshpet from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. Oppenheimer lifted their target price on Freshpet from $135.00 to $155.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 25th. JPMorgan Chase & Co. lifted their target price on Freshpet from $113.00 to $126.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 6th. Piper Sandler reiterated an “overweight” rating and issued a $150.00 target price on shares of Freshpet in a research report on Tuesday, July 2nd. Finally, TD Cowen lifted their target price on Freshpet from $143.00 to $160.00 and gave the stock a “buy” rating in a research report on Wednesday, September 4th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, Freshpet has a consensus rating of “Moderate Buy” and a consensus target price of $142.87.

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.