Freshpet, Inc. (NASDAQ:FRPT) Shares Bought by GLOBALT Investments LLC GA

GLOBALT Investments LLC GA increased its position in shares of Freshpet, Inc. (NASDAQ:FRPT) by 3.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,580 shares of the company’s stock after purchasing an additional 111 shares during the period. GLOBALT Investments LLC GA’s holdings in Freshpet were worth $490,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. ORG Wealth Partners LLC acquired a new position in shares of Freshpet in the 3rd quarter worth approximately $29,000. ORG Partners LLC acquired a new position in shares of Freshpet in the 2nd quarter worth $32,000. GAMMA Investing LLC lifted its holdings in shares of Freshpet by 41.1% during 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 last quarter. Benjamin F. Edwards & Company Inc. lifted its stake in Freshpet by 3,670.0% during the second 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. Finally, Newbridge Financial Services Group Inc. purchased a new stake in shares of Freshpet in the 2nd quarter valued at approximately $52,000.

Freshpet Stock Up 0.3 %

Shares of FRPT opened at $150.49 on Tuesday. The company has a 50-day moving average price of $141.26 and a two-hundred day moving average price of $132.65. The company has a quick ratio of 3.91, a current ratio of 4.72 and a debt-to-equity ratio of 0.41. The stock has a market cap of $7.30 billion, a price-to-earnings ratio of 169.09 and a beta of 1.39. Freshpet, Inc. has a 12 month low of $68.22 and a 12 month high of $159.12.

Freshpet (NASDAQ:FRPT) last posted its earnings results on Monday, November 4th. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.10. Freshpet had a net margin of 4.75% and a return on equity of 3.67%. The business had revenue of $253.40 million for the quarter, compared to analyst estimates of $248.36 million. During the same quarter in the prior year, the firm earned ($0.15) EPS. The firm’s quarterly revenue was up 26.3% compared to the same quarter last year. Equities analysts predict that Freshpet, Inc. will post 0.87 EPS for the current fiscal year.

Insider Buying and Selling

In other Freshpet news, insider Thembeka Machaba sold 2,500 shares of the company’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 filing with the SEC, which is available through this hyperlink. Also, EVP Stephen Macchiaverna sold 2,178 shares of Freshpet stock in a transaction on Thursday, September 5th. The stock was 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. This represents a 2.47 % decrease in their position. The disclosure for this sale can be found here. 3.70% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Oppenheimer increased their target price on Freshpet from $155.00 to $180.00 and gave the company an “outperform” rating in a report on Thursday, November 14th. Benchmark reissued a “buy” rating and issued a $150.00 price objective on shares of Freshpet in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft raised their price objective on Freshpet from $161.00 to $163.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Stifel Nicolaus lifted their target price on shares of Freshpet from $155.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Finally, StockNews.com raised Freshpet from a “sell” rating to a “hold” rating in a research report on Tuesday, November 12th. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $157.80.

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.