Freshpet, Inc. (NASDAQ:FRPT) is Savoir Faire Capital Management L.P.’s 5th Largest Position

Savoir Faire Capital Management L.P. boosted its stake in shares of Freshpet, Inc. (NASDAQ:FRPT) by 119.7% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 53,391 shares of the company’s stock after buying an additional 29,091 shares during the period. Freshpet comprises 3.7% of Savoir Faire Capital Management L.P.’s holdings, making the stock its 5th biggest position. Savoir Faire Capital Management L.P.’s holdings in Freshpet were worth $7,302,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of FRPT. Vanguard Group Inc. boosted its stake in shares of Freshpet by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 4,666,407 shares of the company’s stock worth $540,650,000 after purchasing an additional 13,709 shares during the period. WCM Investment Management LLC boosted its stake in shares of Freshpet by 749.7% during the 3rd quarter. WCM Investment Management LLC now owns 2,771,377 shares of the company’s stock worth $376,187,000 after purchasing an additional 2,445,199 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Freshpet by 2.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 923,507 shares of the company’s stock worth $119,492,000 after purchasing an additional 22,759 shares during the period. Driehaus Capital Management LLC boosted its stake in shares of Freshpet by 24.4% during the 2nd quarter. Driehaus Capital Management LLC now owns 721,288 shares of the company’s stock worth $93,327,000 after purchasing an additional 141,615 shares during the period. Finally, TimesSquare Capital Management LLC lifted its holdings in Freshpet by 38.2% during the 3rd 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 in the last quarter.

Analysts Set New Price Targets

A number of brokerages recently weighed in on FRPT. JPMorgan Chase & Co. lifted their price objective on shares of Freshpet from $126.00 to $154.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Freshpet from $161.00 to $163.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. DA Davidson lifted their price objective on shares of Freshpet from $183.00 to $189.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. Oppenheimer lifted their price objective on shares of Freshpet from $155.00 to $180.00 and gave the company an “outperform” rating in a report on Thursday, November 14th. Finally, Wells Fargo & Company boosted their price target on shares of Freshpet from $157.00 to $175.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, Freshpet currently has a consensus rating of “Moderate Buy” and a consensus target price of $157.80.

Freshpet Trading Up 0.3 %

NASDAQ FRPT opened at $150.49 on Tuesday. The company has a quick ratio of 3.91, a current ratio of 4.72 and a debt-to-equity ratio of 0.41. Freshpet, Inc. has a 52 week low of $68.22 and a 52 week high of $159.12. The firm has a market cap of $7.30 billion, a PE ratio of 169.09 and a beta of 1.39. The company has a 50 day moving average price of $141.26 and a 200 day moving average price of $132.65.

Freshpet (NASDAQ:FRPT) last issued its quarterly earnings results on Monday, November 4th. The company reported $0.24 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $248.36 million. During the same quarter in the prior year, the business posted ($0.15) EPS. Freshpet’s revenue for the quarter was up 26.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Freshpet, Inc. will post 0.87 EPS for the current fiscal year.

Insider Buying and Selling at Freshpet

In other news, EVP Stephen Macchiaverna sold 2,178 shares of the stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $140.01, for a total value of $304,941.78. Following the sale, the executive vice president now owns 86,039 shares in the company, valued at $12,046,320.39. This represents a 2.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Thembeka Machaba sold 2,500 shares of the stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $153.85, for a total transaction of $384,625.00. The disclosure for this sale can be found here. 3.70% of the stock is currently owned by company insiders.

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.