Deepwater Asset Management LLC Acquires 10,066 Shares of Freshpet, Inc. (NASDAQ:FRPT)

Deepwater Asset Management LLC raised its stake in shares of Freshpet, Inc. (NASDAQ:FRPT - Free Report) by 11.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 98,434 shares of the company's stock after purchasing an additional 10,066 shares during the quarter. Freshpet accounts for about 4.8% of Deepwater Asset Management LLC's holdings, making the stock its 15th biggest holding. Deepwater Asset Management LLC owned approximately 0.20% of Freshpet worth $14,579,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the stock. WCM Investment Management LLC grew its position in Freshpet by 749.7% in the third quarter. WCM Investment Management LLC now owns 2,771,377 shares of the company's stock worth $376,187,000 after acquiring an additional 2,445,199 shares in the last quarter. Geode Capital Management LLC lifted its stake in Freshpet by 4.7% during the third quarter. Geode Capital Management LLC now owns 835,663 shares of the company's stock worth $115,650,000 after purchasing an additional 37,287 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Freshpet by 54.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 439,681 shares of the company's stock worth $60,135,000 after purchasing an additional 154,909 shares in the last quarter. Point72 Asset Management L.P. increased its position in shares of Freshpet by 391.5% during the 3rd quarter. Point72 Asset Management L.P. now owns 234,626 shares of the company's stock valued at $32,090,000 after purchasing an additional 186,889 shares during the last quarter. Finally, TimesSquare Capital Management LLC raised its holdings 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 buying an additional 55,200 shares in the last quarter.

Insider Activity

In other Freshpet news, President Scott James Morris sold 5,000 shares of the firm'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 in the company, valued at $19,351,949.40. This trade represents a 3.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 3.70% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on FRPT shares. DA Davidson upped their target price on Freshpet from $183.00 to $189.00 and gave the stock a "buy" rating in a research note on Tuesday, November 5th. Stifel Nicolaus upped their price objective on shares of Freshpet from $155.00 to $165.00 and gave the company a "buy" rating in a research note on Wednesday, November 6th. JPMorgan Chase & Co. lifted their target price on shares of Freshpet from $126.00 to $154.00 and gave the stock a "neutral" rating in a research report on Tuesday, November 5th. 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. Finally, Robert W. Baird lifted their price objective on Freshpet from $157.00 to $170.00 and gave the stock an "outperform" rating in a report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $163.36.

Freshpet Trading Down 0.7 %

Shares of FRPT traded down $1.02 during mid-day trading on Thursday, hitting $148.51. 453,758 shares of the company's stock traded hands, compared to its average volume of 569,848. The company has a quick ratio of 3.91, a current ratio of 4.72 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $7.21 billion, a P/E ratio of 166.87 and a beta of 1.42. The business's 50-day moving average price is $150.86 and its 200-day moving average price is $142.35. Freshpet, Inc. has a 1 year low of $84.02 and a 1 year high of $164.07.

Freshpet (NASDAQ:FRPT - Get Free Report) last issued its quarterly earnings data on Monday, November 4th. The company reported $0.24 earnings per share (EPS) for the quarter, beating 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 previous year, the firm earned ($0.15) EPS. The company's quarterly revenue was up 26.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Freshpet, Inc. will post 0.9 EPS for the current fiscal 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.