Tokio Marine Asset Management Co. Ltd. Lowers Position in Freshpet, Inc. (NASDAQ:FRPT)

Tokio Marine Asset Management Co. Ltd. cut its stake in shares of Freshpet, Inc. (NASDAQ:FRPT) by 3.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 9,400 shares of the company’s stock after selling 300 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Freshpet were worth $1,392,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Geneos Wealth Management Inc. lifted its position in shares of Freshpet by 302.0% in the fourth quarter. Geneos Wealth Management Inc. now owns 201 shares of the company’s stock valued at $30,000 after acquiring an additional 151 shares in the last quarter. ORG Wealth Partners LLC purchased a new position in shares of Freshpet in the third quarter valued at about $29,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Freshpet in the third quarter valued at about $32,000. R Squared Ltd purchased a new position in shares of Freshpet in the fourth quarter valued at about $39,000. Finally, Brooklyn Investment Group purchased a new position in shares of Freshpet in the third quarter valued at about $54,000.

Insider Activity

In related news, insider Thembeka Machaba sold 2,500 shares of the 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 legal filing with the SEC, which is available at the SEC website. Also, President Scott James Morris sold 5,000 shares of the stock in a transaction that occurred 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 transaction, the president now directly owns 122,380 shares in the company, valued at approximately $19,351,949.40. This trade represents a 3.93 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,500 shares of company stock valued at $1,962,175. 3.70% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages have recently commented on FRPT. StockNews.com downgraded Freshpet from a “hold” rating to a “sell” rating in a research report on Wednesday, November 20th. Truist Financial boosted their target price on Freshpet from $160.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Benchmark reiterated a “buy” rating and issued a $150.00 target price on shares of Freshpet in a research report on Friday, November 1st. Wells Fargo & Company boosted their target price on Freshpet from $157.00 to $175.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Finally, Stifel Nicolaus boosted their target price on Freshpet from $155.00 to $165.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $163.36.

Freshpet Trading Down 0.5 %

FRPT opened at $159.20 on Tuesday. The stock has a market cap of $7.73 billion, a price-to-earnings ratio of 178.88 and a beta of 1.42. The stock’s 50 day moving average price is $151.04 and its 200-day moving average price is $142.00. Freshpet, Inc. has a one year low of $84.02 and a one year high of $164.07. 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 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.10. The firm had revenue of $253.40 million for the quarter, compared to analysts’ expectations of $248.36 million. Freshpet had a return on equity of 3.67% and a net margin of 4.75%. The company’s quarterly revenue was up 26.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.15) earnings per share. On average, equities analysts forecast that Freshpet, Inc. will post 0.9 EPS for the current year.

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.