Freshpet, Inc. (NASDAQ:FRPT) Position Lessened by GSA Capital Partners LLP

GSA Capital Partners LLP trimmed its position in shares of Freshpet, Inc. (NASDAQ:FRPT - Free Report) by 63.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,351 shares of the company's stock after selling 5,912 shares during the quarter. GSA Capital Partners LLP's holdings in Freshpet were worth $458,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in FRPT. ORG Wealth Partners LLC purchased a new position in Freshpet in the third quarter valued at $29,000. ORG Partners LLC purchased a new position in shares of Freshpet in the 2nd quarter valued at about $32,000. GAMMA Investing LLC raised its holdings in Freshpet by 41.1% in the 2nd quarter. GAMMA Investing LLC now owns 371 shares of the company's stock worth $48,000 after purchasing an additional 108 shares during the period. 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 worth $49,000 after purchasing an additional 367 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. acquired a new stake in Freshpet in the second quarter valued at approximately $52,000.

Analyst Upgrades and Downgrades

FRPT has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft lifted their price target 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. JPMorgan Chase & Co. boosted their target price on shares of Freshpet from $126.00 to $154.00 and gave the stock a "neutral" rating in a research note on Tuesday, November 5th. Benchmark reiterated a "buy" rating and issued a $150.00 price objective on shares of Freshpet in a report on Friday, November 1st. Truist Financial increased their target price on Freshpet from $160.00 to $170.00 and gave the company a "buy" rating in a report on Tuesday, November 5th. Finally, StockNews.com cut shares of Freshpet from a "hold" rating to a "sell" rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $157.80.

Insider Activity at Freshpet

In other news, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Stephen Macchiaverna sold 2,178 shares of the company's stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $140.01, for a total transaction of $304,941.78. Following the sale, the executive vice president now directly owns 86,039 shares of the company's stock, valued at $12,046,320.39. This represents a 2.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.70% of the stock is owned by corporate insiders.

Freshpet Price Performance

Freshpet stock opened at $153.00 on Thursday. Freshpet, Inc. has a 1 year low of $68.22 and a 1 year high of $159.12. The firm has a 50 day moving average price of $141.99 and a 200 day moving average price of $133.12. The company has a market cap of $7.43 billion, a price-to-earnings ratio of 171.91 and a beta of 1.39. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.91 and a current ratio of 4.72.

Freshpet (NASDAQ:FRPT - Get Free Report) last announced 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 firm had revenue of $253.40 million during the quarter, compared to analysts' expectations of $248.36 million. During the same period in the prior year, the company earned ($0.15) EPS. The firm's revenue was up 26.3% on a year-over-year basis. Sell-side analysts predict that Freshpet, Inc. will post 0.87 earnings per share for the current year.

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.