Cerity Partners LLC Acquires New Position in Freshpet, Inc. (NASDAQ:FRPT)

Cerity Partners LLC acquired a new stake in Freshpet, Inc. (NASDAQ:FRPTFree Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 7,633 shares of the company’s stock, valued at approximately $1,044,000.

A number of other hedge funds have also added to or reduced their stakes in FRPT. GAMMA Investing LLC boosted its holdings in shares of Freshpet by 41.1% in the second quarter. GAMMA Investing LLC now owns 371 shares of the company’s stock valued at $48,000 after purchasing an additional 108 shares during the period. GLOBALT Investments LLC GA raised its position in Freshpet by 3.2% during the 3rd quarter. GLOBALT Investments LLC GA now owns 3,580 shares of the company’s stock valued at $490,000 after purchasing an additional 111 shares in the last quarter. First Horizon Advisors Inc. grew its position in shares of Freshpet by 23.0% during the 3rd quarter. First Horizon Advisors Inc. now owns 739 shares of the company’s stock worth $101,000 after buying an additional 138 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 in the last quarter. Finally, Amalgamated Bank raised its holdings in shares of Freshpet by 6.7% in the second 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.

Freshpet Trading Down 0.0 %

NASDAQ:FRPT opened at $156.42 on Thursday. The company has a market capitalization of $7.59 billion, a PE ratio of 175.75 and a beta of 1.41. Freshpet, Inc. has a 52-week low of $71.22 and a 52-week high of $160.91. The stock’s 50 day moving average price is $144.91 and its 200 day moving average price is $135.34. 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:FRPTGet Free Report) last announced its quarterly earnings results on Monday, November 4th. The company reported $0.24 earnings per share (EPS) for the quarter, beating 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 net margin of 4.75% and a return on equity of 3.67%. The business’s revenue was up 26.3% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.15) EPS. On average, research analysts anticipate that Freshpet, Inc. will post 0.87 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Freshpet from $161.00 to $163.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. Stifel Nicolaus upped their price objective on Freshpet from $155.00 to $165.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Robert W. Baird boosted their target price on shares of Freshpet from $157.00 to $170.00 and gave the stock an “outperform” rating in a report on Tuesday, November 5th. TD Cowen lifted their price objective on shares of Freshpet from $160.00 to $174.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Finally, DA Davidson increased their target price on shares of Freshpet from $183.00 to $189.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. One 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. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $157.80.

Get Our Latest Stock Analysis on Freshpet

Insider Activity at Freshpet

In other Freshpet news, President Scott James Morris sold 5,000 shares of the business’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $158.13, for a total transaction of $790,650.00. Following the transaction, 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Thembeka Machaba sold 2,500 shares of the firm’s stock in a transaction dated Thursday, November 7th. The shares were 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. 3.70% of the stock is owned by insiders.

Freshpet Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Freshpet (NASDAQ:FRPT)

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