Freshpet, Inc. (NASDAQ:FRPT) Shares Bought by Bayesian Capital Management LP

Bayesian Capital Management LP raised its holdings in Freshpet, Inc. (NASDAQ:FRPT) by 37.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 16,458 shares of the company’s stock after purchasing an additional 4,500 shares during the quarter. Bayesian Capital Management LP’s holdings in Freshpet were worth $1,907,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC increased its stake in Freshpet by 100.8% in the first quarter. GAMMA Investing LLC now owns 263 shares of the company’s stock valued at $30,000 after purchasing an additional 132 shares during the period. Blue Bell Private Wealth Management LLC purchased a new stake in shares of Freshpet in the first quarter valued at about $36,000. Johnson Financial Group Inc. purchased a new stake in shares of Freshpet in the fourth quarter valued at about $29,000. Whittier Trust Co. purchased a new stake in shares of Freshpet in the first quarter valued at about $41,000. Finally, Quarry LP purchased a new stake in shares of Freshpet in the fourth quarter valued at about $40,000.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Redburn Atlantic raised shares of Freshpet from a “neutral” rating to a “buy” rating and set a $168.00 price objective on the stock in a report on Thursday, May 23rd. Oppenheimer upped their price target on shares of Freshpet from $135.00 to $155.00 and gave the company an “outperform” rating in a report on Tuesday, June 25th. Stifel Nicolaus boosted their price objective on shares of Freshpet from $115.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, April 11th. Robert W. Baird boosted their price objective on shares of Freshpet from $125.00 to $135.00 and gave the company an “outperform” rating in a research report on Tuesday, May 7th. Finally, DA Davidson boosted their price objective on shares of Freshpet from $138.00 to $153.00 and gave the company a “buy” rating in a research report on Tuesday, May 7th. One research analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Freshpet presently has a consensus rating of “Moderate Buy” and a consensus target price of $133.76.

Insiders Place Their Bets

In other Freshpet news, EVP Stephen Macchiaverna sold 1,012 shares of the stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $120.61, for a total transaction of $122,057.32. Following the sale, the executive vice president now directly owns 86,039 shares of the company’s stock, valued at $10,377,163.79. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last three months, insiders have sold 13,560 shares of company stock valued at $1,701,580. Company insiders own 3.60% of the company’s stock.

Freshpet Stock Down 1.7 %

NASDAQ FRPT traded down $2.00 during trading hours on Tuesday, reaching $118.46. 236,323 shares of the company traded hands, compared to its average volume of 595,405. Freshpet, Inc. has a 12 month low of $54.60 and a 12 month high of $136.35. The company has a current ratio of 4.97, a quick ratio of 4.09 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $5.74 billion, a PE ratio of 659.43 and a beta of 1.36. The company has a 50 day moving average of $127.27 and a two-hundred day moving average of $112.21.

Freshpet (NASDAQ:FRPT) last issued its earnings results on Monday, May 6th. The company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.43. The company had revenue of $223.85 million for the quarter, compared to analysts’ expectations of $216.43 million. Freshpet had a net margin of 1.19% and a return on equity of 0.20%. As a group, equities analysts expect that Freshpet, Inc. will post 0.54 earnings per share for the current year.

Freshpet Company 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.