Blueshift Asset Management LLC Purchases New Shares in Freshpet, Inc. (NASDAQ:FRPT)

Blueshift Asset Management LLC purchased a new position in shares of Freshpet, Inc. (NASDAQ:FRPT) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 5,573 shares of the company’s stock, valued at approximately $762,000.

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

Insider Buying and Selling

In other news, 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 owns 86,039 shares in the company, valued at approximately $12,046,320.39. This trade represents a 2.47 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, President Scott James Morris sold 5,000 shares of Freshpet stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $158.13, for a total transaction of $790,650.00. Following the completion of the transaction, the president now directly owns 122,380 shares in the company, valued at $19,351,949.40. This represents a 3.93 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,678 shares of company stock valued at $1,480,217 in the last three months. 3.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have weighed in on FRPT. Truist Financial raised their price objective on shares of Freshpet from $160.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. TD Cowen lifted their price target on Freshpet from $160.00 to $174.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Robert W. Baird upped their price objective on Freshpet from $157.00 to $170.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. StockNews.com lowered Freshpet from a “hold” rating to a “sell” rating in a research report on Wednesday, November 20th. Finally, Wells Fargo & Company upped their price target on Freshpet from $157.00 to $175.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. One equities 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’s stock. According to MarketBeat.com, Freshpet currently has an average rating of “Moderate Buy” and a consensus price target of $157.80.

Freshpet Stock Down 1.7 %

Freshpet stock opened at $153.24 on Thursday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.91 and a current ratio of 4.72. Freshpet, Inc. has a one year low of $68.22 and a one year high of $160.91. The company has a 50-day simple moving average of $143.27 and a 200-day simple moving average of $134.22. The firm has a market capitalization of $7.44 billion, a P/E ratio of 172.18 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, 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 firm had revenue of $253.40 million during the quarter, compared to analysts’ expectations of $248.36 million. During the same quarter in the prior year, the firm earned ($0.15) EPS. Freshpet’s quarterly revenue was up 26.3% on a year-over-year basis. As a group, equities analysts expect that Freshpet, Inc. will post 0.87 earnings per share for the current year.

Freshpet 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.