5,573 Shares in Freshpet, Inc. (NASDAQ:FRPT) Purchased by Blueshift Asset Management LLC

Blueshift Asset Management LLC purchased a new stake in Freshpet, Inc. (NASDAQ:FRPT - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,573 shares of the company's stock, valued at approximately $762,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. SG Americas Securities LLC acquired a new stake in Freshpet during the 2nd quarter valued at approximately $3,964,000. Geneva Capital Management LLC boosted its stake in shares of Freshpet by 166.2% in the 3rd quarter. Geneva Capital Management LLC now owns 84,221 shares of the company's stock valued at $11,519,000 after purchasing an additional 52,584 shares during the last quarter. Great Lakes Advisors LLC acquired a new stake in shares of Freshpet during the second quarter worth $4,299,000. Transcendent Capital Group LLC acquired a new stake in shares of Freshpet during the third quarter worth $1,465,000. Finally, M&G Plc bought a new position in Freshpet during the second quarter worth $8,892,000.

Analyst Ratings Changes

FRPT has been the topic of a number of research analyst reports. Oppenheimer upped their price target on shares of Freshpet from $155.00 to $180.00 and gave the company an "outperform" rating in a research report on Thursday, November 14th. StockNews.com lowered Freshpet from a "hold" rating to a "sell" rating in a research report on Wednesday, November 20th. Truist Financial lifted their target price on Freshpet from $160.00 to $170.00 and gave the stock a "buy" rating in a report on Tuesday, November 5th. Benchmark reissued a "buy" rating and issued a $150.00 price target on shares of Freshpet in a research note on Friday, November 1st. Finally, DA Davidson raised their price objective on shares of Freshpet from $183.00 to $189.00 and gave the stock a "buy" rating in a research report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat.com, Freshpet presently has a consensus rating of "Moderate Buy" and an average price target of $157.80.

Freshpet Stock Down 1.7 %

Shares of NASDAQ:FRPT traded down $2.68 during midday trading on Thursday, hitting $153.24. 323,198 shares of the company's stock were exchanged, compared to its average volume of 580,629. The company has a debt-to-equity ratio of 0.41, a current ratio of 4.72 and a quick ratio of 3.91. Freshpet, Inc. has a 12 month low of $68.22 and a 12 month high of $160.91. The company has a market cap of $7.44 billion, a PE ratio of 172.18 and a beta of 1.39. The stock has a 50 day moving average price of $143.52 and a 200-day moving average price of $134.36.

Freshpet (NASDAQ:FRPT - Get Free Report) last issued its quarterly earnings data on Monday, November 4th. The company reported $0.24 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $248.36 million. During the same period in the previous year, the company posted ($0.15) EPS. The company's revenue for the quarter was up 26.3% on a year-over-year basis. On average, sell-side analysts anticipate that Freshpet, Inc. will post 0.87 EPS for the current fiscal year.

Insider Activity at Freshpet

In other Freshpet news, President Scott James Morris sold 5,000 shares of the company's stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $158.13, for a total value of $790,650.00. Following the completion of the sale, the president now directly owns 122,380 shares of the company's stock, valued at approximately $19,351,949.40. This represents a 3.93 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Thembeka Machaba sold 2,500 shares of the stock in a transaction dated Thursday, November 7th. The shares were 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. In the last three months, insiders sold 9,678 shares of company stock valued at $1,480,217. 3.70% of the stock is owned by 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.