Geneos Wealth Management Inc. Grows Position in Freshpet, Inc. (NASDAQ:FRPT)

Geneos Wealth Management Inc. raised its position in Freshpet, Inc. (NASDAQ:FRPT) by 302.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 201 shares of the company’s stock after purchasing an additional 151 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Freshpet were worth $30,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. WCM Investment Management LLC raised its holdings in shares of Freshpet by 749.7% in the third 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. Geode Capital Management LLC lifted its position in shares of Freshpet by 4.7% during the third quarter. Geode Capital Management LLC now owns 835,663 shares of the company’s stock worth $115,650,000 after purchasing an additional 37,287 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Freshpet by 54.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 439,681 shares of the company’s stock valued at $60,135,000 after purchasing an additional 154,909 shares during the period. Point72 Asset Management L.P. grew its holdings in shares of Freshpet by 391.5% in the third quarter. Point72 Asset Management L.P. now owns 234,626 shares of the company’s stock worth $32,090,000 after purchasing an additional 186,889 shares during the last quarter. Finally, TimesSquare Capital Management LLC increased its stake in Freshpet by 38.2% in the 3rd quarter. TimesSquare Capital Management LLC now owns 199,592 shares of the company’s stock worth $27,298,000 after buying an additional 55,200 shares during the period.

Insider Transactions at Freshpet

In related news, insider Thembeka Machaba sold 2,500 shares of the business’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $153.85, for a total transaction of $384,625.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, President Scott James Morris sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $157.38, for a total value of $786,900.00. Following the sale, the president now directly owns 122,380 shares in the company, valued at approximately $19,260,164.40. This trade represents a 3.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,500 shares of company stock worth $1,962,175 over the last three months. 3.70% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft raised their target price on shares of Freshpet from $161.00 to $163.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. DA Davidson raised their price objective on Freshpet from $183.00 to $189.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Truist Financial upped their target price on Freshpet from $160.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Benchmark restated a “buy” rating and set a $150.00 price target on shares of Freshpet in a research note on Friday, November 1st. Finally, StockNews.com downgraded Freshpet from a “hold” rating to a “sell” rating in a report on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $163.36.

Freshpet Trading Down 1.6 %

Shares of NASDAQ:FRPT opened at $159.95 on Friday. The business’s 50-day moving average is $150.95 and its 200 day moving average is $141.56. The company has a debt-to-equity ratio of 0.41, a current ratio of 4.72 and a quick ratio of 3.91. Freshpet, Inc. has a 1 year low of $84.02 and a 1 year high of $164.07. The firm has a market capitalization of $7.76 billion, a P/E ratio of 179.72 and a beta of 1.41.

Freshpet (NASDAQ:FRPT) last announced its quarterly earnings data on Monday, November 4th. The company reported $0.24 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 net margin of 4.75% and a return on equity of 3.67%. Freshpet’s revenue was up 26.3% on a year-over-year basis. During the same period last year, the firm posted ($0.15) EPS. On average, research analysts predict that Freshpet, Inc. will post 0.9 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.