1,594 Shares in Freshpet, Inc. (NASDAQ:FRPT) Bought by Freedom Investment Management Inc.

Freedom Investment Management Inc. purchased a new stake in Freshpet, Inc. (NASDAQ:FRPT) during the 3rd quarter, Holdings Channel reports. The institutional investor purchased 1,594 shares of the company’s stock, valued at approximately $218,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. ORG Wealth Partners LLC acquired a new stake in Freshpet during the third quarter valued at approximately $29,000. ORG Partners LLC acquired a new stake in shares of Freshpet during the 2nd quarter valued at approximately $32,000. GAMMA Investing LLC raised its position in shares of Freshpet by 41.1% during the 2nd quarter. GAMMA Investing LLC now owns 371 shares of the company’s stock valued at $48,000 after acquiring an additional 108 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its stake in Freshpet by 3,670.0% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 377 shares of the company’s stock worth $49,000 after purchasing an additional 367 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. acquired a new position in Freshpet in the second quarter worth $52,000.

Insiders Place Their Bets

In other news, President Scott James Morris sold 5,000 shares of the company’s 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 completion of the sale, the president now owns 122,380 shares in the company, valued at $19,351,949.40. This represents a 3.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Thembeka Machaba sold 2,500 shares of Freshpet stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $153.85, for a total value of $384,625.00. The disclosure for this sale can be found here. Insiders sold 9,678 shares of company stock worth $1,480,217 over the last ninety days. Company insiders own 3.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on FRPT shares. 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. StockNews.com lowered shares of Freshpet from a “hold” rating to a “sell” rating in a research note on Wednesday, November 20th. JPMorgan Chase & Co. lifted their target price on Freshpet from $126.00 to $154.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. TD Cowen increased their price target on Freshpet from $160.00 to $174.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Finally, Oppenheimer raised their price target on Freshpet from $155.00 to $180.00 and gave the stock an “outperform” rating in a report on Thursday, November 14th. One research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, Freshpet currently has an average rating of “Moderate Buy” and an average price target of $157.80.

Freshpet Stock Performance

FRPT stock opened at $153.05 on Monday. The company has a 50-day simple moving average of $143.98 and a 200 day simple moving average of $134.75. The company has a market capitalization of $7.43 billion, a P/E ratio of 171.97 and a beta of 1.39. The company has a quick ratio of 3.91, a current ratio of 4.72 and a debt-to-equity ratio of 0.41. Freshpet, Inc. has a fifty-two week low of $69.37 and a fifty-two week high of $160.91.

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