Swiss National Bank Sells 400 Shares of Freshpet, Inc. (NASDAQ:FRPT)

Swiss National Bank lowered its position in shares of Freshpet, Inc. (NASDAQ:FRPT) by 0.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 89,850 shares of the company’s stock after selling 400 shares during the quarter. Swiss National Bank owned about 0.19% of Freshpet worth $12,289,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of FRPT. GAMMA Investing LLC boosted 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 purchasing an additional 108 shares in the last quarter. Parkside Financial Bank & Trust grew its position in shares of Freshpet by 13.9% during the 2nd quarter. Parkside Financial Bank & Trust now owns 1,305 shares of the company’s stock worth $169,000 after buying an additional 159 shares during the period. Amalgamated Bank increased its stake in shares of Freshpet by 6.7% in the 2nd quarter. Amalgamated Bank now owns 2,740 shares of the company’s stock valued at $355,000 after acquiring an additional 171 shares in the last quarter. KBC Group NV boosted its stake in Freshpet by 0.8% during the third quarter. KBC Group NV now owns 24,869 shares of the company’s stock worth $3,401,000 after acquiring an additional 186 shares in the last quarter. Finally, CWM LLC grew its holdings in Freshpet by 65.9% in the second quarter. CWM LLC now owns 496 shares of the company’s stock worth $64,000 after purchasing an additional 197 shares during the period.

Freshpet Stock Performance

FRPT stock opened at $156.76 on Friday. The business has a 50 day moving average of $142.64 and a 200-day moving average of $133.53. The firm has a market cap of $7.61 billion, a PE ratio of 176.14 and a beta of 1.39. Freshpet, Inc. has a 12-month low of $68.22 and a 12-month high of $159.12. 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 (NASDAQ:FRPT) last announced its earnings results on Monday, November 4th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.10. The firm had revenue of $253.40 million during the quarter, compared to analyst estimates of $248.36 million. Freshpet had a return on equity of 3.67% and a net margin of 4.75%. The business’s revenue was up 26.3% compared to the same quarter last year. During the same period last year, the firm posted ($0.15) EPS. As a group, sell-side analysts expect that Freshpet, Inc. will post 0.87 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have recently commented on FRPT shares. Oppenheimer raised their target price on Freshpet from $155.00 to $180.00 and gave the company an “outperform” rating in a research note on Thursday, November 14th. TD Cowen raised their price objective on Freshpet from $160.00 to $174.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Benchmark reaffirmed a “buy” rating and set a $150.00 target price on shares of Freshpet in a research report on Friday, November 1st. Wells Fargo & Company lifted their price target on shares of Freshpet from $157.00 to $175.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Finally, DA Davidson upped their price objective on shares of Freshpet from $183.00 to $189.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $157.80.

Insider Buying and Selling at Freshpet

In related news, insider Thembeka Machaba sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $153.85, for a total value of $384,625.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Stephen Macchiaverna sold 2,178 shares of the firm’s 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 completion of the sale, the executive vice president now directly owns 86,039 shares of the company’s stock, valued at $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. Corporate insiders own 3.70% of the company’s stock.

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.