Blueshift Asset Management LLC Purchases Shares of 5,573 Freshpet, Inc. (NASDAQ:FRPT)

Blueshift Asset Management LLC bought a new stake in Freshpet, Inc. (NASDAQ:FRPT) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,573 shares of the company’s stock, valued at approximately $762,000.

A number of other hedge funds have also recently modified their holdings of the stock. ORG Wealth Partners LLC acquired a new position in Freshpet in the third quarter valued at $29,000. ORG Partners LLC acquired a new stake in shares of Freshpet in the 2nd quarter valued at about $32,000. GAMMA Investing LLC grew its stake in Freshpet by 41.1% during the 2nd quarter. GAMMA Investing LLC now owns 371 shares of the company’s stock worth $48,000 after buying an additional 108 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its stake in Freshpet by 3,670.0% during 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. acquired a new position in Freshpet during the second quarter worth approximately $52,000.

Freshpet Trading Down 1.7 %

Shares of Freshpet stock opened at $153.24 on Thursday. The business’s fifty day moving average is $143.27 and its two-hundred day moving average is $134.22. Freshpet, Inc. has a fifty-two week low of $68.22 and a fifty-two week high of $160.91. The firm has a market cap of $7.44 billion, a PE ratio of 172.18 and a beta of 1.39. The company has a quick ratio of 3.91, a current ratio of 4.72 and a debt-to-equity ratio of 0.41.

Freshpet (NASDAQ:FRPT) last announced its quarterly earnings data 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 period in the prior year, the firm posted ($0.15) EPS. The company’s revenue was up 26.3% on a year-over-year basis. Analysts anticipate that Freshpet, Inc. will post 0.87 earnings per share for the current year.

Insider Buying and Selling at Freshpet

In related news, President Scott James Morris sold 5,000 shares of the stock in a transaction on 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 in the company, valued at approximately $19,351,949.40. This represents a 3.93 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 value 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 trade represents a 2.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 9,678 shares of company stock worth $1,480,217 in the last quarter. 3.70% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

FRPT has been the topic of a number of research reports. TD Cowen raised their target price on shares of Freshpet from $160.00 to $174.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Robert W. Baird lifted their price objective on shares of Freshpet from $157.00 to $170.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. Truist Financial increased their target price on shares of Freshpet from $160.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Stifel Nicolaus boosted their price target on Freshpet from $155.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Finally, Wells Fargo & Company increased their price objective on Freshpet from $157.00 to $175.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, Freshpet presently has a consensus rating of “Moderate Buy” and a consensus target price of $157.80.

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.