Atria Investments Inc Acquires 265 Shares of Freshpet, Inc. (NASDAQ:FRPT)

Atria Investments Inc boosted its holdings in shares of Freshpet, Inc. (NASDAQ:FRPT) by 5.5% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 5,049 shares of the company’s stock after acquiring an additional 265 shares during the quarter. Atria Investments Inc’s holdings in Freshpet were worth $691,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of FRPT. ORG Wealth Partners LLC purchased a new stake in shares of Freshpet during the 3rd quarter worth $29,000. ORG Partners LLC purchased a new stake in shares of Freshpet during the second quarter valued at about $32,000. GAMMA Investing LLC boosted its holdings in shares of Freshpet by 41.1% in the 2nd quarter. GAMMA Investing LLC now owns 371 shares of the company’s stock valued at $48,000 after buying an additional 108 shares in the last quarter. Benjamin F. Edwards & Company Inc. grew its position in shares of Freshpet by 3,670.0% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 377 shares of the company’s stock worth $49,000 after buying an additional 367 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. bought a new position in shares of Freshpet during the 2nd quarter worth approximately $52,000.

Insider Buying and Selling at Freshpet

In other news, insider Thembeka Machaba sold 2,500 shares of the business’s stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Stephen Macchiaverna sold 2,178 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 86,039 shares in the company, valued at $12,046,320.39. This represents a 2.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.70% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

FRPT has been the subject of several recent analyst reports. Wells Fargo & Company raised their target price on shares of Freshpet from $157.00 to $175.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Benchmark restated a “buy” rating and set a $150.00 target price on shares of Freshpet in a research note on Friday, November 1st. Stifel Nicolaus upped their target price on Freshpet from $155.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft raised their price target on Freshpet from $161.00 to $163.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Finally, TD Cowen upped their price target on shares of Freshpet from $160.00 to $174.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $157.80.

Freshpet Stock Up 0.3 %

FRPT stock opened at $150.49 on Tuesday. Freshpet, Inc. has a one year low of $68.22 and a one year high of $159.12. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.91 and a current ratio of 4.72. The firm’s fifty day moving average is $141.26 and its 200 day moving average is $132.65. The firm has a market cap of $7.30 billion, a PE ratio of 169.09 and a beta of 1.39.

Freshpet (NASDAQ:FRPT) last posted its earnings results on Monday, November 4th. The company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.10. Freshpet had a return on equity of 3.67% and a net margin of 4.75%. The firm had revenue of $253.40 million for the quarter, compared to analysts’ expectations of $248.36 million. During the same period last year, the firm earned ($0.15) EPS. The company’s quarterly revenue was up 26.3% on a year-over-year basis. On average, research analysts forecast that Freshpet, Inc. will post 0.87 EPS for the current year.

About Freshpet

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.