Royce & Associates LP Has $3.90 Million Holdings in Freshpet, Inc. (NASDAQ:FRPT)

Royce & Associates LP decreased its position in Freshpet, Inc. (NASDAQ:FRPT - Free Report) by 54.0% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 28,500 shares of the company's stock after selling 33,500 shares during the period. Royce & Associates LP owned about 0.06% of Freshpet worth $3,898,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. ORG Wealth Partners LLC purchased a new stake in shares of Freshpet in the third quarter worth approximately $29,000. ORG Partners LLC acquired a new stake in shares of Freshpet during the 2nd quarter valued at $32,000. GAMMA Investing LLC raised its holdings in shares of Freshpet by 41.1% during the second quarter. GAMMA Investing LLC now owns 371 shares of the company's stock worth $48,000 after acquiring an additional 108 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its position in Freshpet by 3,670.0% during the second 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 during the last quarter. Finally, Newbridge Financial Services Group Inc. acquired a new stake in Freshpet during the second quarter valued at $52,000.

Insider Buying and Selling

In other news, EVP Stephen Macchiaverna sold 2,178 shares of the 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 owns 86,039 shares of the company's stock, valued at $12,046,320.39. This represents a 2.47 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Thembeka Machaba sold 2,500 shares of Freshpet stock in a transaction that occurred 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. Corporate insiders own 3.70% of the company's stock.

Freshpet Price Performance

Shares of FRPT traded up $5.89 during mid-day trading on Tuesday, reaching $156.38. The company had a trading volume of 737,602 shares, compared to its average volume of 583,213. The company's 50-day moving average is $141.68 and its 200-day moving average is $132.98. The company has a debt-to-equity ratio of 0.41, a current ratio of 4.72 and a quick ratio of 3.91. The company has a market capitalization of $7.59 billion, a P/E ratio of 175.71 and a beta of 1.39. Freshpet, Inc. has a twelve month low of $68.22 and a twelve month high of $159.12.

Freshpet (NASDAQ:FRPT - Get Free Report) last released its quarterly earnings results 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. The business had revenue of $253.40 million during the quarter, compared to analysts' expectations of $248.36 million. Freshpet had a return on equity of 3.67% and a net margin of 4.75%. The firm'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 posted ($0.15) earnings per share. On average, equities analysts anticipate that Freshpet, Inc. will post 0.87 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. lifted 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. DA Davidson boosted their target price 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. Robert W. Baird raised their price target on shares of Freshpet from $157.00 to $170.00 and gave the company an "outperform" rating in a report on Tuesday, November 5th. Truist Financial upped their price objective on shares of Freshpet from $160.00 to $170.00 and gave the stock a "buy" rating in a report on Tuesday, November 5th. Finally, Benchmark restated a "buy" rating and set a $150.00 target price on shares of Freshpet in a report on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $157.80.

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.