E. Ohman J or Asset Management AB Sells 1,100 Shares of Freshpet, Inc. (NASDAQ:FRPT)

E. Ohman J or Asset Management AB decreased its holdings in shares of Freshpet, Inc. (NASDAQ:FRPT) by 9.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,970 shares of the company’s stock after selling 1,100 shares during the period. E. Ohman J or Asset Management AB’s holdings in Freshpet were worth $1,625,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in FRPT. Geneos Wealth Management Inc. boosted its stake in Freshpet by 302.0% in the 4th quarter. Geneos Wealth Management Inc. now owns 201 shares of the company’s stock valued at $30,000 after buying an additional 151 shares in the last quarter. ORG Wealth Partners LLC acquired a new stake in shares of Freshpet in the 3rd quarter valued at $29,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Freshpet in the 3rd quarter worth about $32,000. R Squared Ltd acquired a new stake in shares of Freshpet during the 4th quarter worth about $39,000. Finally, Brooklyn Investment Group bought a new position in Freshpet during the 3rd quarter valued at about $54,000.

Freshpet Trading Down 2.2 %

NASDAQ FRPT opened at $155.62 on Wednesday. The stock has a market capitalization of $7.55 billion, a price-to-earnings ratio of 174.86 and a beta of 1.42. Freshpet, Inc. has a 52 week low of $84.02 and a 52 week high of $164.07. The stock’s 50 day moving average price is $151.03 and its two-hundred day moving average price is $142.25. 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 (NASDAQ:FRPT) last released its earnings results on Monday, November 4th. The company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $248.36 million. During the same quarter last year, the firm earned ($0.15) earnings per share. The firm’s revenue for the quarter was up 26.3% compared to the same quarter last year. As a group, analysts anticipate that Freshpet, Inc. will post 0.9 earnings per share for the current fiscal year.

Insider Activity

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

Wall Street Analyst Weigh In

FRPT has been the topic of several research analyst reports. JPMorgan Chase & Co. upped their price objective on shares of Freshpet from $126.00 to $154.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Wells Fargo & Company raised their price target on Freshpet from $157.00 to $175.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. StockNews.com lowered Freshpet from a “hold” rating to a “sell” rating in a research note on Wednesday, November 20th. TD Cowen upped 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. Finally, Truist Financial upped their price objective on Freshpet from $160.00 to $170.00 and gave the stock a “buy” rating in a 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. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price 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.