Freshpet, Inc. (NASDAQ:FRPT) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC grew its holdings in Freshpet, Inc. (NASDAQ:FRPT) by 19.1% in the 4th quarter, Holdings Channel reports. The institutional investor owned 573 shares of the company’s stock after buying an additional 92 shares during the quarter. GAMMA Investing LLC’s holdings in Freshpet were worth $85,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of FRPT. WCM Investment Management LLC raised its position in Freshpet by 749.7% in the third quarter. WCM Investment Management LLC now owns 2,771,377 shares of the company’s stock worth $376,187,000 after acquiring an additional 2,445,199 shares in the last quarter. Point72 Asset Management L.P. increased its holdings in shares of Freshpet by 391.5% in the 3rd quarter. Point72 Asset Management L.P. now owns 234,626 shares of the company’s stock valued at $32,090,000 after purchasing an additional 186,889 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Freshpet by 54.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 439,681 shares of the company’s stock valued at $60,135,000 after purchasing an additional 154,909 shares during the period. Driehaus Capital Management LLC lifted its stake in shares of Freshpet by 24.4% in the second quarter. Driehaus Capital Management LLC now owns 721,288 shares of the company’s stock valued at $93,327,000 after purchasing an additional 141,615 shares during the period. Finally, Renaissance Technologies LLC purchased a new stake in Freshpet during the second quarter worth about $8,902,000.

Freshpet Stock Performance

Freshpet stock opened at $144.47 on Friday. The stock has a fifty day moving average price of $149.98 and a 200 day moving average price of $138.66. The company has a current ratio of 4.72, a quick ratio of 3.91 and a debt-to-equity ratio of 0.41. Freshpet, Inc. has a 52 week low of $82.89 and a 52 week high of $160.91. The firm has a market capitalization of $7.01 billion, a P/E ratio of 162.33 and a beta of 1.41.

Freshpet (NASDAQ:FRPT) last released its quarterly earnings data on Monday, November 4th. The company reported $0.24 EPS for the quarter, topping 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 return on equity of 3.67% and a net margin of 4.75%. The business’s revenue for the quarter was up 26.3% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.15) EPS. Equities research analysts anticipate that Freshpet, Inc. will post 0.9 earnings per share for the current year.

Insider Transactions at Freshpet

In other Freshpet news, insider Thembeka Machaba sold 2,500 shares of the business’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $153.85, for a total transaction of $384,625.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, President Scott James Morris sold 5,000 shares of the company’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $158.13, for a total value of $790,650.00. Following the completion of the sale, the president now directly owns 122,380 shares of the company’s stock, valued at $19,351,949.40. The trade was a 3.93 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,500 shares of company stock worth $1,962,175 in the last three months. 3.70% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on FRPT shares. Wells Fargo & Company increased their target price on shares of Freshpet from $157.00 to $175.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. DA Davidson raised their price objective on Freshpet from $183.00 to $189.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Truist Financial boosted their target price on Freshpet from $160.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Stifel Nicolaus upped their target price on Freshpet from $155.00 to $165.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Finally, Robert W. Baird lifted their price target on Freshpet from $157.00 to $170.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 5th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $163.36.

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.