Harvest Fund Management Co. Ltd Has $282,000 Stock Position in Freshpet, Inc. (NASDAQ:FRPT)

Harvest Fund Management Co. Ltd cut its holdings in shares of Freshpet, Inc. (NASDAQ:FRPT - Free Report) by 62.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,067 shares of the company's stock after selling 3,425 shares during the quarter. Harvest Fund Management Co. Ltd's holdings in Freshpet were worth $282,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in FRPT. WCM Investment Management LLC grew its position in shares of Freshpet by 749.7% in the third quarter. WCM Investment Management LLC now owns 2,771,377 shares of the company's stock valued at $376,187,000 after purchasing an additional 2,445,199 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Freshpet by 2.5% in the second quarter. Dimensional Fund Advisors LP now owns 923,507 shares of the company's stock valued at $119,492,000 after acquiring an additional 22,759 shares in the last quarter. Driehaus Capital Management LLC increased its position in Freshpet by 24.4% during the second quarter. Driehaus Capital Management LLC now owns 721,288 shares of the company's stock worth $93,327,000 after acquiring an additional 141,615 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Freshpet by 54.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 439,681 shares of the company's stock valued at $60,135,000 after purchasing an additional 154,909 shares during the period. Finally, TimesSquare Capital Management LLC grew its position 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 worth $27,298,000 after purchasing an additional 55,200 shares in the last quarter.

Analysts Set New Price Targets

FRPT has been the subject of several analyst reports. Robert W. Baird lifted their price objective on Freshpet from $157.00 to $170.00 and gave the company an "outperform" rating in a report on Tuesday, November 5th. TD Cowen increased their price objective on shares of Freshpet from $160.00 to $174.00 and gave the stock a "buy" rating in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Freshpet from $161.00 to $163.00 and gave the stock a "buy" rating in a research report on Tuesday, November 5th. Wells Fargo & Company raised 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, DA Davidson boosted their price target on Freshpet from $183.00 to $189.00 and gave the stock a "buy" rating in a report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $157.80.

Freshpet Trading Down 1.7 %

Shares of NASDAQ:FRPT traded down $2.68 during mid-day trading on Wednesday, reaching $153.24. 313,892 shares of the company's stock were exchanged, compared to its average volume of 580,588. 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, Inc. has a twelve month low of $68.22 and a twelve month high of $160.91. The firm has a market capitalization of $7.44 billion, a price-to-earnings ratio of 175.19 and a beta of 1.39. The business's fifty day moving average price is $143.27 and its 200-day moving average price is $134.22.

Freshpet (NASDAQ:FRPT - Get Free Report) last released its quarterly earnings results on Monday, November 4th. The company reported $0.24 EPS for the quarter, beating analysts' consensus estimates of $0.14 by $0.10. Freshpet had a return on equity of 3.67% and a net margin of 4.75%. The firm had revenue of $253.40 million for the quarter, compared to analyst estimates of $248.36 million. During the same quarter in the previous year, the company posted ($0.15) EPS. The business's revenue was up 26.3% on a year-over-year basis. On average, research analysts predict that Freshpet, Inc. will post 0.87 EPS for the current fiscal year.

Insider Buying and Selling at Freshpet

In other Freshpet news, 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 value of $384,625.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Scott James Morris sold 5,000 shares of the business's stock in a transaction that occurred on 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 transaction, the president now directly owns 122,380 shares in the company, valued at approximately $19,351,949.40. This trade represents a 3.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 9,678 shares of company stock valued at $1,480,217. 3.70% of the stock is currently owned by company insiders.

Freshpet 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.