Pathstone Holdings LLC Reduces Stock Position in Freshpet, Inc. (NASDAQ:FRPT)

Pathstone Holdings LLC decreased its holdings in Freshpet, Inc. (NASDAQ:FRPT) by 3.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,761 shares of the company’s stock after selling 339 shares during the period. Pathstone Holdings LLC’s holdings in Freshpet were worth $1,472,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. WCM Investment Management LLC increased its stake in Freshpet by 749.7% in the 3rd quarter. WCM Investment Management LLC now owns 2,771,377 shares of the company’s stock worth $376,187,000 after buying an additional 2,445,199 shares during the period. Dimensional Fund Advisors LP grew its stake in Freshpet by 2.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 923,507 shares of the company’s stock worth $119,492,000 after acquiring an additional 22,759 shares in the last quarter. Driehaus Capital Management LLC increased its position in shares of Freshpet by 24.4% during the second quarter. Driehaus Capital Management LLC now owns 721,288 shares of the company’s stock worth $93,327,000 after acquiring an additional 141,615 shares during the period. TimesSquare Capital Management LLC increased its position in shares of Freshpet by 38.2% during the third quarter. TimesSquare Capital Management LLC now owns 199,592 shares of the company’s stock worth $27,298,000 after acquiring an additional 55,200 shares during the period. Finally, American Century Companies Inc. raised its stake in shares of Freshpet by 1.8% during the second quarter. American Century Companies Inc. now owns 147,407 shares of the company’s stock valued at $19,073,000 after acquiring an additional 2,633 shares in the last quarter.

Analysts Set New Price Targets

FRPT has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft increased their price objective on Freshpet from $161.00 to $163.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. StockNews.com downgraded Freshpet from a “hold” rating to a “sell” rating in a research report on Wednesday, November 20th. Robert W. Baird lifted their price objective on Freshpet from $157.00 to $170.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. Wells Fargo & Company increased their target price on shares of Freshpet from $157.00 to $175.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Finally, Oppenheimer raised their target price on shares of Freshpet from $155.00 to $180.00 and gave the company an “outperform” rating in a research report on Thursday, November 14th. 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’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $157.80.

Insider Buying and Selling at Freshpet

In other Freshpet news, President Scott James Morris sold 5,000 shares of Freshpet stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $158.13, for a total value of $790,650.00. Following the sale, the president now owns 122,380 shares in the company, valued at $19,351,949.40. The trade was a 3.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Stephen Macchiaverna sold 2,178 shares of the stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $140.01, for a total value of $304,941.78. Following the transaction, the executive vice president now owns 86,039 shares of the company’s stock, valued at approximately $12,046,320.39. This represents a 2.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,678 shares of company stock worth $1,480,217 in the last ninety days. 3.70% of the stock is owned by insiders.

Freshpet Price Performance

NASDAQ:FRPT opened at $153.24 on Friday. The stock has a 50 day moving average price of $143.52 and a 200 day moving average price of $134.36. The stock has a market cap of $7.44 billion, a PE ratio of 172.18 and a beta of 1.39. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.91 and a current ratio of 4.72. Freshpet, Inc. has a one year low of $68.22 and a one year high of $160.91.

Freshpet (NASDAQ:FRPT) last issued its earnings results on Monday, November 4th. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.10. The business had revenue of $253.40 million during the quarter, compared to the consensus estimate of $248.36 million. Freshpet had a return on equity of 3.67% and a net margin of 4.75%. The company’s revenue for the quarter was up 26.3% on a year-over-year basis. During the same period last year, the company earned ($0.15) EPS. Equities research analysts expect that Freshpet, Inc. will post 0.87 EPS for the current fiscal 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.