GAMMA Investing LLC Increases Position in Freshpet, Inc. (NASDAQ:FRPT)

GAMMA Investing LLC lifted its holdings in Freshpet, Inc. (NASDAQ:FRPT) by 29.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 481 shares of the company’s stock after buying an additional 110 shares during the quarter. GAMMA Investing LLC’s holdings in Freshpet were worth $66,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of FRPT. ORG Partners LLC purchased a new stake in Freshpet in the second quarter worth $32,000. Whittier Trust Co. purchased a new position in Freshpet in the 1st quarter worth about $41,000. Benjamin F. Edwards & Company Inc. lifted its holdings in Freshpet by 3,670.0% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 377 shares of the company’s stock valued at $49,000 after buying an additional 367 shares in the last quarter. Newbridge Financial Services Group Inc. purchased a new stake in Freshpet in the 2nd quarter valued at about $52,000. Finally, Quarry LP grew its stake in Freshpet by 275.2% in the 2nd quarter. Quarry LP now owns 439 shares of the company’s stock worth $57,000 after acquiring an additional 322 shares in the last quarter.

Insiders Place Their Bets

In other news, EVP Stephen Macchiaverna sold 2,178 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $140.01, for a total transaction of $304,941.78. Following the sale, the executive vice president now directly owns 86,039 shares of the company’s stock, valued at $12,046,320.39. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 3.60% of the company’s stock.

Freshpet Trading Down 0.1 %

Freshpet stock opened at $144.05 on Wednesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 3.69 and a current ratio of 4.50. The stock has a market cap of $6.98 billion, a PE ratio of 800.28 and a beta of 1.39. The stock has a 50-day moving average of $136.18 and a two-hundred day moving average of $126.66. Freshpet, Inc. has a one year low of $54.60 and a one year high of $145.68.

Freshpet (NASDAQ:FRPT) last announced its quarterly earnings data on Monday, August 5th. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.09) by $0.06. The firm had revenue of $235.30 million during the quarter, compared to analyst estimates of $230.99 million. Freshpet had a net margin of 2.86% and a return on equity of 1.78%. Freshpet’s revenue was up 28.4% on a year-over-year basis. During the same period last year, the firm posted ($0.35) EPS. On average, research analysts anticipate that Freshpet, Inc. will post 0.72 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on FRPT. Citigroup lifted their price target on shares of Freshpet from $124.00 to $129.00 and gave the company a “neutral” rating in a research note on Wednesday, July 17th. Benchmark restated a “buy” rating and issued a $150.00 price objective on shares of Freshpet in a report on Wednesday, August 7th. JPMorgan Chase & Co. increased their target price on shares of Freshpet from $113.00 to $126.00 and gave the stock a “neutral” rating in a report on Tuesday, August 6th. Wells Fargo & Company boosted their price target on shares of Freshpet from $140.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, July 10th. Finally, Oppenheimer increased their price objective on shares of Freshpet from $135.00 to $155.00 and gave the company an “outperform” rating in a research note on Tuesday, June 25th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Freshpet has an average rating of “Moderate Buy” and an average price target of $142.87.

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.