AMI Asset Management Corp Has $415,000 Holdings in Freshpet, Inc. (NASDAQ:FRPT)

AMI Asset Management Corp cut its stake in Freshpet, Inc. (NASDAQ:FRPT) by 3.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,800 shares of the company’s stock after selling 89 shares during the period. AMI Asset Management Corp’s holdings in Freshpet were worth $415,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. ORG Wealth Partners LLC bought a new stake in shares of Freshpet in the 3rd quarter valued at $29,000. Wilmington Savings Fund Society FSB acquired a new stake in Freshpet during the third quarter worth approximately $32,000. Benjamin F. Edwards & Company Inc. lifted its stake in Freshpet by 3,670.0% in 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 during the period. Newbridge Financial Services Group Inc. bought a new stake in shares of Freshpet in the 2nd quarter valued at $52,000. Finally, Brooklyn Investment Group bought a new position in Freshpet during the third quarter worth $54,000.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on FRPT shares. Wells Fargo & Company upped their price target on Freshpet from $157.00 to $175.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. TD Cowen increased their target price on shares of Freshpet from $160.00 to $174.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. Truist Financial lifted their target price on shares of Freshpet from $160.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Oppenheimer upped their price objective on Freshpet from $155.00 to $180.00 and gave the company an “outperform” rating in a research note on Thursday, November 14th. Finally, JPMorgan Chase & Co. increased their price target on shares of Freshpet from $126.00 to $154.00 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, two have given a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $163.36.

Insider Transactions at Freshpet

In other Freshpet news, President Scott James Morris sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $157.38, for a total value of $786,900.00. Following the transaction, the president now directly owns 122,380 shares of the company’s stock, valued at approximately $19,260,164.40. This trade represents a 3.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Thembeka Machaba sold 2,500 shares of the firm’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $153.85, for a total value of $384,625.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,500 shares of company stock worth $1,962,175. 3.70% of the stock is currently owned by insiders.

Freshpet Stock Performance

NASDAQ:FRPT opened at $156.96 on Tuesday. The stock has a market cap of $7.62 billion, a P/E ratio of 176.36 and a beta of 1.41. 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 business’s 50-day moving average price is $149.91 and its two-hundred day moving average price is $139.69. Freshpet, Inc. has a twelve month low of $83.77 and a twelve month high of $160.91.

Freshpet (NASDAQ:FRPT) last issued its earnings results on Monday, November 4th. The company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.10. The business had revenue of $253.40 million during the quarter, compared to analyst estimates of $248.36 million. Freshpet had a return on equity of 3.67% and a net margin of 4.75%. Freshpet’s revenue for the quarter was up 26.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.15) earnings per share. As a group, equities analysts predict that Freshpet, Inc. will post 0.9 EPS for the current fiscal year.

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.