Diversified Trust Co Has $2.45 Million Holdings in Freshpet, Inc. (NASDAQ:FRPT)

Diversified Trust Co lifted its stake in Freshpet, Inc. (NASDAQ:FRPT) by 1.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,171 shares of the company’s stock after acquiring an additional 287 shares during the period. Diversified Trust Co’s holdings in Freshpet were worth $2,453,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. First Bank & Trust acquired a new position in Freshpet in the 1st quarter valued at approximately $454,000. GAMMA Investing LLC increased its position in shares of Freshpet by 100.8% during the first quarter. GAMMA Investing LLC now owns 263 shares of the company’s stock valued at $30,000 after purchasing an additional 132 shares during the period. Moody National Bank Trust Division acquired a new position in shares of Freshpet in the first quarter valued at $243,000. Vanguard Group Inc. lifted its position in Freshpet by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 4,652,698 shares of the company’s stock worth $403,668,000 after purchasing an additional 32,178 shares during the period. Finally, Fisher Asset Management LLC boosted its stake in Freshpet by 2.1% during the fourth quarter. Fisher Asset Management LLC now owns 216,155 shares of the company’s stock worth $18,754,000 after buying an additional 4,385 shares in the last quarter.

Freshpet Stock Down 0.3 %

Shares of NASDAQ FRPT opened at $129.00 on Tuesday. Freshpet, Inc. has a 12-month low of $54.60 and a 12-month high of $132.84. The firm’s 50-day simple moving average is $123.73 and its 200 day simple moving average is $106.66. The company has a quick ratio of 4.09, a current ratio of 4.97 and a debt-to-equity ratio of 0.43. The company has a market cap of $6.25 billion, a price-to-earnings ratio of 716.71 and a beta of 1.36.

Freshpet (NASDAQ:FRPT) last announced its earnings results on Monday, May 6th. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.43. Freshpet had a net margin of 1.19% and a return on equity of 0.20%. The company had revenue of $223.85 million for the quarter, compared to analyst estimates of $216.43 million. On average, research analysts expect that Freshpet, Inc. will post 0.54 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. StockNews.com upgraded shares of Freshpet to a “sell” rating in a research note on Saturday, May 4th. Truist Financial upgraded shares of Freshpet from a “hold” rating to a “buy” rating and raised their price target for the stock from $120.00 to $135.00 in a research note on Monday, March 11th. Benchmark upped their price objective on Freshpet from $125.00 to $150.00 and gave the company a “buy” rating in a research note on Tuesday, June 11th. Robert W. Baird increased their target price on Freshpet from $125.00 to $135.00 and gave the stock an “outperform” rating in a report on Tuesday, May 7th. Finally, TD Cowen boosted their price target on Freshpet from $128.00 to $143.00 and gave the company a “buy” rating in a research note on Tuesday, May 7th. One research analyst has rated the stock with a sell rating, three have given a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $129.00.

Insiders Place Their Bets

In other news, EVP Stephen Macchiaverna sold 6,548 shares of the business’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $120.15, for a total transaction of $786,742.20. Following the completion of the sale, the executive vice president now owns 86,039 shares in the company, valued at $10,337,585.85. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In the last quarter, insiders have sold 13,560 shares of company stock valued at $1,701,580. 3.60% of the stock is currently owned by corporate insiders.

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.