Williamson Legacy Group LLC Has $1.02 Million Stake in Freshpet, Inc. (NASDAQ:FRPT)

Williamson Legacy Group LLC grew its holdings in Freshpet, Inc. (NASDAQ:FRPT) by 1.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,903 shares of the company’s stock after buying an additional 112 shares during the period. Williamson Legacy Group LLC’s holdings in Freshpet were worth $1,022,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in FRPT. WCM Investment Management LLC lifted its position in shares of Freshpet by 749.7% in the third quarter. WCM Investment Management LLC now owns 2,771,377 shares of the company’s stock valued at $376,187,000 after buying an additional 2,445,199 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Freshpet by 198.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 381,385 shares of the company’s stock valued at $55,065,000 after buying an additional 253,679 shares during the last quarter. Point72 Asset Management L.P. lifted its position in shares of Freshpet by 391.5% in the third quarter. Point72 Asset Management L.P. now owns 234,626 shares of the company’s stock valued at $32,090,000 after buying an additional 186,889 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position 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 valued at $60,135,000 after buying an additional 154,909 shares during the last quarter. Finally, TimesSquare Capital Management LLC lifted its position in shares of Freshpet by 38.2% in the third quarter. TimesSquare Capital Management LLC now owns 199,592 shares of the company’s stock valued at $27,298,000 after buying an additional 55,200 shares during the last quarter.

Insider Buying and Selling

In related news, President Scott James Morris sold 5,000 shares of the business’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $157.38, for a total transaction of $786,900.00. Following the sale, the president now owns 122,380 shares in the company, valued at $19,260,164.40. The trade was a 3.93 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 3.70% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

FRPT has been the subject of several research reports. Wells Fargo & Company dropped their price target on Freshpet from $170.00 to $142.00 and set an “overweight” rating for the company in a report on Friday, February 21st. Benchmark reissued a “buy” rating and set a $150.00 price target on shares of Freshpet in a report on Friday, November 1st. Stifel Nicolaus dropped their price target on Freshpet from $165.00 to $155.00 and set a “buy” rating for the company in a report on Friday, February 21st. TD Cowen lifted their price target on Freshpet from $160.00 to $174.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Finally, StockNews.com cut Freshpet from a “hold” rating to a “sell” rating in a report on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, Freshpet has a consensus rating of “Moderate Buy” and a consensus price target of $156.47.

Freshpet Trading Down 0.1 %

Shares of FRPT opened at $107.03 on Friday. Freshpet, Inc. has a 52-week low of $97.48 and a 52-week high of $164.07. The business’s fifty day moving average is $142.61 and its 200-day moving average is $142.33. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.91 and a current ratio of 4.72. The firm has a market cap of $5.21 billion, a price-to-earnings ratio of 113.86 and a beta of 1.42.

Freshpet (NASDAQ:FRPT) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.36 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.36. Freshpet had a return on equity of 3.92% and a net margin of 4.81%. The company had revenue of $262.71 million for the quarter, compared to analyst estimates of $275.46 million. Equities analysts anticipate that Freshpet, Inc. will post 1.55 EPS for the current fiscal 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.