Freshpet, Inc. (NASDAQ:FRPT) Shares Purchased by Northwest & Ethical Investments L.P.

Northwest & Ethical Investments L.P. boosted its stake in shares of Freshpet, Inc. (NASDAQ:FRPT) by 135.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,175 shares of the company’s stock after purchasing an additional 675 shares during the quarter. Northwest & Ethical Investments L.P.’s holdings in Freshpet were worth $161,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of FRPT. GAMMA Investing LLC increased its stake in shares of Freshpet by 41.1% during the second quarter. GAMMA Investing LLC now owns 371 shares of the company’s stock worth $48,000 after buying an additional 108 shares during the period. GLOBALT Investments LLC GA increased its position in shares of Freshpet by 3.2% in the 3rd quarter. GLOBALT Investments LLC GA now owns 3,580 shares of the company’s stock valued at $490,000 after purchasing an additional 111 shares during the last quarter. First Horizon Advisors Inc. raised its holdings in shares of Freshpet by 23.0% in the 3rd quarter. First Horizon Advisors Inc. now owns 739 shares of the company’s stock valued at $101,000 after purchasing an additional 138 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings in shares of Freshpet by 13.9% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,305 shares of the company’s stock valued at $169,000 after purchasing an additional 159 shares in the last quarter. Finally, Amalgamated Bank lifted its position in shares of Freshpet by 6.7% during the 2nd quarter. Amalgamated Bank now owns 2,740 shares of the company’s stock worth $355,000 after purchasing an additional 171 shares during the last quarter.

Insider Activity

In other Freshpet news, insider Thembeka Machaba sold 2,500 shares of the business’s 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 transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Stephen Macchiaverna sold 2,178 shares of the company’s 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 completion of the sale, the executive vice president now directly owns 86,039 shares in the company, valued at $12,046,320.39. This trade represents a 2.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,678 shares of company stock worth $1,480,217 in the last 90 days. 3.70% of the stock is currently owned by corporate insiders.

Freshpet Stock Performance

Shares of FRPT opened at $153.05 on Friday. The stock has a market capitalization of $7.43 billion, a P/E ratio of 171.97 and a beta of 1.39. Freshpet, Inc. has a 1 year low of $69.37 and a 1 year high of $160.91. The company’s fifty day moving average is $143.98 and its two-hundred day moving average is $134.70. 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 posted its quarterly 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 return on equity of 3.67% and a net margin of 4.75%. The firm had revenue of $253.40 million for the quarter, compared to the consensus estimate of $248.36 million. During the same period in the previous year, the business earned ($0.15) earnings per share. The company’s revenue for the quarter was up 26.3% compared to the same quarter last year. On average, sell-side analysts predict that Freshpet, Inc. will post 0.87 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. JPMorgan Chase & Co. increased their target price on Freshpet from $126.00 to $154.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft raised their target price on Freshpet from $161.00 to $163.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Oppenheimer upped their price target on Freshpet from $155.00 to $180.00 and gave the company an “outperform” rating in a report on Thursday, November 14th. Truist Financial raised their price objective on shares of Freshpet from $160.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Finally, TD Cowen upped their target price on shares of Freshpet from $160.00 to $174.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, Freshpet has a consensus rating of “Moderate Buy” and a consensus target price of $157.80.

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.