Freshpet, Inc. (NASDAQ:FRPT) Shares Acquired by Algert Global LLC

Algert Global LLC boosted its holdings in Freshpet, Inc. (NASDAQ:FRPT) by 27.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,327 shares of the company’s stock after acquiring an additional 5,503 shares during the quarter. Algert Global LLC owned 0.05% of Freshpet worth $3,277,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. ORG Partners LLC acquired a new stake in Freshpet in the 2nd quarter valued at approximately $32,000. GAMMA Investing LLC increased its position in Freshpet by 100.8% in the 1st quarter. GAMMA Investing LLC now owns 263 shares of the company’s stock valued at $30,000 after acquiring an additional 132 shares during the period. Whittier Trust Co. acquired a new stake in Freshpet in the 1st quarter valued at approximately $41,000. Benjamin F. Edwards & Company Inc. increased its position in Freshpet by 3,670.0% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 377 shares of the company’s stock valued at $49,000 after acquiring an additional 367 shares during the period. Finally, Quarry LP bought a new position in Freshpet during the 4th quarter valued at $40,000.

Insider Buying and Selling at Freshpet

In other Freshpet news, EVP Stephen Macchiaverna sold 2,178 shares of Freshpet stock in a transaction that occurred 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 directly owns 86,039 shares of the company’s stock, valued at $12,046,320.39. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 3.60% of the company’s stock.

Freshpet Stock Up 0.8 %

FRPT stock opened at $136.77 on Tuesday. Freshpet, Inc. has a twelve month low of $54.60 and a twelve month high of $144.38. The company has a market cap of $6.62 billion, a PE ratio of 759.83 and a beta of 1.39. The business’s 50-day simple moving average is $132.37 and its 200 day simple moving average is $124.78. The company has a quick ratio of 3.69, a current ratio of 4.50 and a debt-to-equity ratio of 0.42.

Freshpet (NASDAQ:FRPT) last released its quarterly earnings data on Monday, August 5th. The company reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.06. The company 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 company’s quarterly revenue was up 28.4% on a year-over-year basis. During the same period in the previous year, the business earned ($0.35) earnings per share. On average, research analysts anticipate that Freshpet, Inc. will post 0.72 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on FRPT. Piper Sandler reaffirmed an “overweight” rating and set a $150.00 price target on shares of Freshpet in a research note on Tuesday, July 2nd. Bank of America raised their target price on Freshpet from $140.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. JPMorgan Chase & Co. increased their price objective on Freshpet from $113.00 to $126.00 and gave the stock a “neutral” rating in a report on Tuesday, August 6th. Citigroup increased their price objective on Freshpet from $124.00 to $129.00 and gave the stock a “neutral” rating in a report on Wednesday, July 17th. Finally, Benchmark restated a “buy” rating and set a $150.00 target price on shares of Freshpet in a report on Wednesday, August 7th. One analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $142.87.

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.