Silverleafe Capital Partners LLC Buys Shares of 4,581 Freshpet, Inc. (NASDAQ:FRPT)

Silverleafe Capital Partners LLC purchased a new position in shares of Freshpet, Inc. (NASDAQ:FRPT) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 4,581 shares of the company’s stock, valued at approximately $678,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Geode Capital Management LLC lifted its holdings in shares of Freshpet by 4.7% in the third quarter. Geode Capital Management LLC now owns 835,663 shares of the company’s stock valued at $115,650,000 after purchasing an additional 37,287 shares in the last quarter. Transcendent Capital Group LLC purchased a new stake in Freshpet in the 3rd quarter valued at approximately $1,465,000. Geneva Capital Management LLC grew its holdings in Freshpet by 166.2% during the 3rd quarter. Geneva Capital Management LLC now owns 84,221 shares of the company’s stock valued at $11,519,000 after buying an additional 52,584 shares during the last quarter. Great Lakes Advisors LLC purchased a new position in Freshpet during the second quarter worth $4,299,000. Finally, Charles Schwab Investment Management Inc. raised its holdings 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 worth $60,135,000 after acquiring an additional 154,909 shares during the last quarter.

Insider Activity

In other Freshpet news, insider Thembeka Machaba sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $153.85, for a total value of $384,625.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, President Scott James Morris sold 5,000 shares of the stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $158.13, for a total value of $790,650.00. Following the transaction, the president now owns 122,380 shares of the company’s stock, valued at approximately $19,351,949.40. This trade represents a 3.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,500 shares of company stock worth $1,962,175 over the last 90 days. Company insiders own 3.70% of the company’s stock.

Freshpet Trading Down 1.3 %

Shares of Freshpet stock traded down $1.84 during trading hours on Monday, hitting $144.03. The company’s stock had a trading volume of 157,024 shares, compared to its average volume of 450,199. The business has a fifty day moving average of $148.78 and a 200 day moving average of $138.13. Freshpet, Inc. has a 1-year low of $82.21 and a 1-year high of $160.91. 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 company has a market capitalization of $6.99 billion, a PE ratio of 161.83 and a beta of 1.41.

Freshpet (NASDAQ:FRPT) last issued 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. The company 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 company’s revenue was up 26.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.15) earnings per share. As a group, equities analysts forecast that Freshpet, Inc. will post 0.9 EPS for the current year.

Analysts Set New Price Targets

FRPT has been the subject of several analyst reports. Oppenheimer boosted their target price on shares of Freshpet from $155.00 to $180.00 and gave the company an “outperform” rating in a research note on Thursday, November 14th. Wells Fargo & Company upped their price objective on shares of Freshpet from $157.00 to $175.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft boosted their price target on Freshpet from $161.00 to $163.00 and gave the company a “buy” 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 stock a “buy” rating in a report on Tuesday, November 5th. Finally, Stifel Nicolaus upped their target price on Freshpet from $155.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $163.36.

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.