SG Americas Securities LLC Has $165,000 Holdings in Freshpet, Inc. (NASDAQ:FRPT)

SG Americas Securities LLC cut its position in Freshpet, Inc. (NASDAQ:FRPT) by 96.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,207 shares of the company’s stock after selling 29,432 shares during the quarter. SG Americas Securities LLC’s holdings in Freshpet were worth $165,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in FRPT. Vanguard Group Inc. grew its position in shares of Freshpet by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 4,666,407 shares of the company’s stock valued at $540,650,000 after acquiring an additional 13,709 shares during the period. Dimensional Fund Advisors LP lifted its stake in Freshpet by 2.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 923,507 shares of the company’s stock valued at $119,492,000 after purchasing an additional 22,759 shares during the last quarter. Driehaus Capital Management LLC grew its holdings in Freshpet by 24.4% during the second quarter. Driehaus Capital Management LLC now owns 721,288 shares of the company’s stock worth $93,327,000 after purchasing an additional 141,615 shares during the period. Sei Investments Co. increased its position in Freshpet by 4.4% during the first quarter. Sei Investments Co. now owns 249,021 shares of the company’s stock worth $28,852,000 after buying an additional 10,456 shares during the last quarter. Finally, TimesSquare Capital Management LLC bought a new stake in Freshpet in the first quarter valued at approximately $17,845,000.

Freshpet Price Performance

Freshpet stock opened at $133.00 on Friday. The firm has a market cap of $6.44 billion, a PE ratio of 738.89 and a beta of 1.39. The company has a debt-to-equity ratio of 0.42, a current ratio of 4.50 and a quick ratio of 3.69. The stock’s fifty day moving average price is $137.47 and its two-hundred day moving average price is $127.88. Freshpet, Inc. has a one year low of $54.60 and a one year high of $145.68.

Freshpet (NASDAQ:FRPT) last issued its quarterly earnings results on Monday, August 5th. The company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.06. The company had revenue of $235.30 million for the quarter, compared to analysts’ expectations of $230.99 million. Freshpet had a return on equity of 1.78% and a net margin of 2.86%. Freshpet’s revenue was up 28.4% on a year-over-year basis. During the same quarter last year, the business earned ($0.35) earnings per share. As a group, research analysts expect that Freshpet, Inc. will post 0.72 EPS for the current fiscal year.

Insider Buying and Selling at Freshpet

In other news, EVP Stephen Macchiaverna sold 2,178 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 86,039 shares of the company’s stock, valued at approximately $12,046,320.39. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 3.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Truist Financial lifted their target price on Freshpet from $135.00 to $160.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Wells Fargo & Company upped their price objective on shares of Freshpet from $140.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, July 10th. JPMorgan Chase & Co. increased their price objective on shares of Freshpet from $113.00 to $126.00 and gave the company a “neutral” rating in a research report on Tuesday, August 6th. Citigroup raised their target price on shares of Freshpet from $124.00 to $129.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 17th. Finally, TD Cowen upped their price target on shares of Freshpet from $143.00 to $160.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $145.87.

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.