Freshpet, Inc. (NASDAQ:FRPT) Shares Sold by Pathstone Holdings LLC

Pathstone Holdings LLC decreased its position in shares of Freshpet, Inc. (NASDAQ:FRPT) by 3.1% during the 3rd quarter, Holdings Channel.com reports. The fund owned 10,761 shares of the company’s stock after selling 339 shares during the period. Pathstone Holdings LLC’s holdings in Freshpet were worth $1,472,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. ORG Wealth Partners LLC purchased a new stake in Freshpet during the third quarter worth about $29,000. ORG Partners LLC acquired a new stake in Freshpet during the 2nd quarter worth approximately $32,000. GAMMA Investing LLC boosted its position in Freshpet by 41.1% in the 2nd quarter. GAMMA Investing LLC now owns 371 shares of the company’s stock valued at $48,000 after buying an additional 108 shares during the period. Benjamin F. Edwards & Company Inc. grew its stake in shares of Freshpet by 3,670.0% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 377 shares of the company’s stock worth $49,000 after acquiring an additional 367 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. acquired a new stake in shares of Freshpet in the second quarter valued at $52,000.

Insider Activity

In other news, insider Thembeka Machaba sold 2,500 shares of the firm’s stock in a transaction 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 Securities & Exchange Commission, which is accessible through this link. Also, EVP Stephen Macchiaverna sold 2,178 shares of Freshpet stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $140.01, for a total value of $304,941.78. Following the transaction, the executive vice president now directly owns 86,039 shares of the company’s stock, 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.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on FRPT. DA Davidson upped their price target on Freshpet from $183.00 to $189.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Stifel Nicolaus raised their target price on shares of Freshpet from $155.00 to $165.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Freshpet from $161.00 to $163.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Oppenheimer raised 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, Robert W. Baird increased their target price on Freshpet from $157.00 to $170.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $157.80.

Freshpet Price Performance

Shares of FRPT opened at $153.24 on Friday. The company has a current ratio of 4.72, a quick ratio of 3.91 and a debt-to-equity ratio of 0.41. The stock’s 50 day moving average is $143.52 and its two-hundred day moving average is $134.36. Freshpet, Inc. has a twelve month low of $68.22 and a twelve month high of $160.91. The firm has a market capitalization of $7.44 billion, a PE ratio of 172.18 and a beta of 1.39.

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. The firm had revenue of $253.40 million for the quarter, compared to the consensus estimate of $248.36 million. Freshpet had a return on equity of 3.67% and a net margin of 4.75%. The company’s revenue for the quarter was up 26.3% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.15) earnings per share. Research analysts anticipate that Freshpet, Inc. will post 0.87 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.