42,934 Shares in Freshpet, Inc. (NASDAQ:FRPT) Acquired by Empowered Funds LLC

Empowered Funds LLC bought a new stake in Freshpet, Inc. (NASDAQ:FRPT - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 42,934 shares of the company's stock, valued at approximately $6,359,000. Empowered Funds LLC owned 0.09% of Freshpet at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FRPT. GAMMA Investing LLC grew its stake in Freshpet by 29.6% in the third quarter. GAMMA Investing LLC now owns 481 shares of the company's stock valued at $66,000 after acquiring an additional 110 shares during the period. CWM LLC grew its stake in Freshpet by 828.4% in the third quarter. CWM LLC now owns 4,605 shares of the company's stock valued at $630,000 after acquiring an additional 4,109 shares during the period. ORG Wealth Partners LLC bought a new stake in shares of Freshpet in the third quarter valued at about $29,000. Trust Point Inc. lifted its holdings in shares of Freshpet by 2.8% in the third quarter. Trust Point Inc. now owns 16,427 shares of the company's stock valued at $2,247,000 after purchasing an additional 443 shares in the last quarter. Finally, Blue Trust Inc. lifted its holdings in shares of Freshpet by 2,770.4% in the third quarter. Blue Trust Inc. now owns 775 shares of the company's stock valued at $100,000 after purchasing an additional 748 shares in the last quarter.

Insider Buying and Selling at Freshpet

In other Freshpet news, President Scott James Morris sold 5,000 shares of the company's stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $157.38, for a total value of $786,900.00. Following the sale, the president now owns 122,380 shares in the company, valued at $19,260,164.40. This represents a 3.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 3.70% of the company's stock.

Freshpet Stock Performance

NASDAQ:FRPT traded down $1.68 on Friday, hitting $129.61. The company's stock had a trading volume of 633,801 shares, compared to its average volume of 684,613. 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 has a fifty day moving average of $148.30 and a two-hundred day moving average of $142.97. The firm has a market capitalization of $6.29 billion, a P/E ratio of 145.63 and a beta of 1.42. Freshpet, Inc. has a one year low of $85.50 and a one year high of $164.07.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. StockNews.com lowered Freshpet from a "hold" rating to a "sell" rating in a report on Wednesday, November 20th. JPMorgan Chase & Co. boosted their price target on Freshpet from $126.00 to $154.00 and gave the company a "neutral" rating in a report on Tuesday, November 5th. Robert W. Baird boosted their price target on Freshpet from $157.00 to $170.00 and gave the company an "outperform" rating in a report on Tuesday, November 5th. Citigroup cut their price target on Freshpet from $155.00 to $142.00 and set a "neutral" rating on the stock in a report on Wednesday. Finally, Oppenheimer boosted their price target on Freshpet from $155.00 to $180.00 and gave the company an "outperform" rating in a report on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, Freshpet has an average rating of "Moderate Buy" and an average target price of $164.29.

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.