Centiva Capital LP Purchases 3,625 Shares of Freshpet, Inc. (NASDAQ:FRPT)

Centiva Capital LP boosted its position in Freshpet, Inc. (NASDAQ:FRPT - Free Report) by 224.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,240 shares of the company's stock after purchasing an additional 3,625 shares during the period. Centiva Capital LP's holdings in Freshpet were worth $717,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FRPT. ORG Wealth Partners LLC bought a new stake in shares of Freshpet in the 3rd quarter worth $29,000. ORG Partners LLC acquired a new stake in Freshpet in the 2nd quarter valued at about $32,000. GAMMA Investing LLC lifted its holdings 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 acquiring an additional 108 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its position in shares of Freshpet by 3,670.0% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 377 shares of the company's stock valued at $49,000 after purchasing an additional 367 shares in the last quarter. Finally, Brooklyn Investment Group acquired a new position in shares of Freshpet in the 3rd quarter worth approximately $54,000.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft increased their target price on shares of Freshpet from $161.00 to $163.00 and gave the company a "buy" rating in a research note on Tuesday, November 5th. Robert W. Baird increased their price objective on Freshpet from $157.00 to $170.00 and gave the company an "outperform" rating in a research report on Tuesday, November 5th. DA Davidson lifted their target price on Freshpet from $183.00 to $189.00 and gave the stock a "buy" rating in a report on Tuesday, November 5th. Wells Fargo & Company upped their target price on Freshpet from $157.00 to $175.00 and gave the company an "overweight" rating in a report on Tuesday, November 5th. Finally, Truist Financial increased their price target on Freshpet from $160.00 to $170.00 and gave the company a "buy" rating in a research report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, Freshpet has an average rating of "Moderate Buy" and a consensus target price of $157.80.

Insider Transactions at Freshpet

In related news, President Scott James Morris sold 5,000 shares of the company's stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $157.38, for a total value of $786,900.00. Following the completion of the sale, the president now directly owns 122,380 shares in the company, valued at approximately $19,260,164.40. This represents a 3.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Thembeka Machaba sold 2,500 shares of the 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 disclosure for this sale can be found here. Insiders sold 12,500 shares of company stock valued at $1,962,175 in the last three months. Corporate insiders own 3.70% of the company's stock.

Freshpet Stock Up 0.1 %

Freshpet stock traded up $0.14 during trading hours on Friday, hitting $154.37. The company had a trading volume of 448,301 shares, compared to its average volume of 459,362. The firm's fifty day moving average is $145.64 and its 200-day moving average is $135.74. The firm has a market capitalization of $7.49 billion, a P/E ratio of 173.45 and a beta of 1.41. Freshpet, Inc. has a fifty-two week low of $71.98 and a fifty-two week high of $160.91. 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 (NASDAQ:FRPT - Get Free Report) last posted its quarterly earnings results on Monday, November 4th. The company reported $0.24 earnings per share for the quarter, topping analysts' consensus estimates of $0.14 by $0.10. Freshpet had a net margin of 4.75% and a return on equity of 3.67%. The business had revenue of $253.40 million for the quarter, compared to the consensus estimate of $248.36 million. During the same period in the prior year, the business posted ($0.15) earnings per share. Freshpet's revenue for the quarter was up 26.3% compared to the same quarter last year. On average, research analysts forecast that Freshpet, Inc. will post 0.9 earnings per share for the current year.

About Freshpet

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.