5,975 Shares in Freshpet, Inc. (NASDAQ:FRPT) Acquired by Point72 DIFC Ltd

Point72 DIFC Ltd acquired a new position in shares of Freshpet, Inc. (NASDAQ:FRPT - Free Report) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 5,975 shares of the company's stock, valued at approximately $817,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC increased 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 valued at $48,000 after acquiring an additional 108 shares in the last quarter. GLOBALT Investments LLC GA increased its position in shares of Freshpet by 3.2% in the 3rd quarter. GLOBALT Investments LLC GA now owns 3,580 shares of the company's stock valued at $490,000 after acquiring an additional 111 shares during the period. First Horizon Advisors Inc. increased its holdings in shares of Freshpet by 23.0% in the third quarter. First Horizon Advisors Inc. now owns 739 shares of the company's stock valued at $101,000 after purchasing an additional 138 shares during the period. Parkside Financial Bank & Trust boosted its position in Freshpet by 13.9% in the second quarter. Parkside Financial Bank & Trust now owns 1,305 shares of the company's stock valued at $169,000 after buying an additional 159 shares during the last quarter. Finally, Amalgamated Bank increased its holdings in Freshpet by 6.7% in the 2nd quarter. Amalgamated Bank now owns 2,740 shares of the company's stock worth $355,000 after buying an additional 171 shares during the period.

Freshpet Price Performance

Shares of Freshpet stock traded up $0.14 during trading hours on Friday, reaching $154.37. 448,279 shares of the company's stock were exchanged, compared to its average volume of 575,616. The business has a fifty day moving average of $145.64 and a two-hundred day moving average of $135.67. 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 company has a market capitalization of $7.49 billion, a P/E ratio of 173.45 and a beta of 1.41. Freshpet, Inc. has a 1 year low of $71.98 and a 1 year high of $160.91.

Freshpet (NASDAQ:FRPT - Get Free Report) last released its 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. The business had revenue of $253.40 million for the quarter, compared to analyst estimates of $248.36 million. Freshpet had a net margin of 4.75% and a return on equity of 3.67%. The business's revenue was up 26.3% on a year-over-year basis. During the same period last year, the company posted ($0.15) EPS. As a group, research analysts predict that Freshpet, Inc. will post 0.87 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on FRPT shares. Oppenheimer upped their price objective on shares of Freshpet from $155.00 to $180.00 and gave the company an "outperform" rating in a report on Thursday, November 14th. DA Davidson increased their price target on Freshpet from $183.00 to $189.00 and gave the stock a "buy" rating in a research report on Tuesday, November 5th. Benchmark reissued a "buy" rating and issued a $150.00 price objective on shares of Freshpet in a report on Friday, November 1st. Stifel Nicolaus raised their target price on Freshpet from $155.00 to $165.00 and gave the stock a "buy" rating in a report on Wednesday, November 6th. Finally, Wells Fargo & Company boosted their price target on Freshpet from $157.00 to $175.00 and gave the company an "overweight" rating in a report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, Freshpet presently has an average rating of "Moderate Buy" and a consensus price target of $157.80.

Insider Buying and Selling at Freshpet

In other Freshpet news, insider Thembeka Machaba sold 2,500 shares of the business's stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $153.85, for a total value of $384,625.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, President Scott James Morris sold 5,000 shares of the stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $158.13, for a total transaction of $790,650.00. Following the completion of the sale, the president now directly owns 122,380 shares of the company's stock, valued at approximately $19,351,949.40. This trade represents a 3.93 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,500 shares of company stock worth $1,962,175 in the last three months. 3.70% of the stock is owned by corporate 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.