2,197 Shares in Freshpet, Inc. (NASDAQ:FRPT) Purchased by Versor Investments LP

Versor Investments LP acquired a new position in Freshpet, Inc. (NASDAQ:FRPT) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 2,197 shares of the company’s stock, valued at approximately $300,000.

Several other large investors also recently bought and sold shares of the business. Vanguard Group Inc. grew 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 valued at $540,650,000 after purchasing an additional 13,709 shares during the period. Dimensional Fund Advisors LP grew 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 valued at $119,492,000 after purchasing an additional 22,759 shares during the period. Driehaus Capital Management LLC grew 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 valued at $93,327,000 after purchasing an additional 141,615 shares during the period. TimesSquare Capital Management LLC grew its stake in shares of 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 purchasing an additional 55,200 shares during the period. Finally, American Century Companies Inc. grew its stake in shares of Freshpet by 1.8% during the 2nd quarter. American Century Companies Inc. now owns 147,407 shares of the company’s stock valued at $19,073,000 after purchasing an additional 2,633 shares during the period.

Analyst Ratings Changes

FRPT has been the subject of a number of recent research reports. TD Cowen boosted their price target on Freshpet from $160.00 to $174.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Wells Fargo & Company boosted their price target on Freshpet from $157.00 to $175.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. JPMorgan Chase & Co. lifted their price objective on Freshpet from $126.00 to $154.00 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. Truist Financial lifted their price objective on Freshpet from $160.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Finally, StockNews.com raised Freshpet from a “sell” rating to a “hold” rating in a research report on Tuesday. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $157.80.

Freshpet Stock Down 0.6 %

NASDAQ FRPT opened at $150.00 on Friday. The stock’s 50 day moving average is $140.98 and its 200 day moving average is $131.97. The company has a current ratio of 4.72, a quick ratio of 3.91 and a debt-to-equity ratio of 0.41. Freshpet, Inc. has a 12 month low of $68.14 and a 12 month high of $159.12. The stock has a market cap of $7.28 billion, a PE ratio of 168.54 and a beta of 1.39.

Freshpet (NASDAQ:FRPT) last posted its quarterly earnings results on Monday, November 4th. The company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.10. The company 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 firm’s revenue was up 26.3% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.15) EPS. Research analysts predict that Freshpet, Inc. will post 0.87 EPS for the current fiscal year.

Insider Transactions at Freshpet

In other news, EVP Stephen Macchiaverna sold 2,178 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $140.01, for a total transaction of $304,941.78. Following the sale, the executive vice president now directly owns 86,039 shares of the company’s stock, valued at $12,046,320.39. This represents a 2.47 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Thembeka Machaba sold 2,500 shares of the company’s 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 disclosure for this sale can be found here. Insiders own 3.70% of the company’s stock.

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.