Silverleafe Capital Partners LLC Acquires New Shares in Freshpet, Inc. (NASDAQ:FRPT)

Silverleafe Capital Partners LLC purchased a new position in Freshpet, Inc. (NASDAQ:FRPT - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 4,581 shares of the company's stock, valued at approximately $678,000.

Several other institutional investors and hedge funds have also made changes to their positions in FRPT. ORG Wealth Partners LLC purchased a new stake in Freshpet in the third quarter valued at approximately $29,000. Wilmington Savings Fund Society FSB acquired a new stake in Freshpet during the 3rd quarter valued at approximately $32,000. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of Freshpet by 3,670.0% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 377 shares of the company's stock valued at $49,000 after acquiring an additional 367 shares during the last quarter. Newbridge Financial Services Group Inc. acquired a new stake in shares of Freshpet in the second quarter worth $52,000. Finally, Brooklyn Investment Group purchased a new position in shares of Freshpet during the third quarter worth $54,000.

Freshpet Price Performance

NASDAQ:FRPT traded down $0.17 during trading hours on Monday, hitting $145.70. 438,829 shares of the stock were exchanged, compared to its average volume of 548,043. The firm's fifty day moving average price is $149.00 and its 200 day moving average price is $138.25. Freshpet, Inc. has a 52-week low of $82.21 and a 52-week high of $160.91. The company has a market cap of $7.07 billion, a P/E ratio of 163.71 and a beta of 1.41. The company has a current ratio of 4.72, a quick ratio of 3.91 and a debt-to-equity ratio of 0.41.

Freshpet (NASDAQ:FRPT - Get Free Report) last issued its quarterly earnings results on Monday, November 4th. The company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.14 by $0.10. The firm 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% on a year-over-year basis. During the same period in the previous year, the business earned ($0.15) earnings per share. As a group, equities research analysts anticipate that Freshpet, Inc. will post 0.9 EPS for the current fiscal year.

Insider Transactions at Freshpet

In other Freshpet news, insider Thembeka Machaba sold 2,500 shares of the firm's stock in a transaction 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 the SEC website. Also, President Scott James Morris sold 5,000 shares of Freshpet stock in a transaction 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 transaction, the president now owns 122,380 shares in the company, valued at approximately $19,260,164.40. This represents a 3.93 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,500 shares of company stock valued at $1,962,175. Corporate insiders own 3.70% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Wells Fargo & Company upped their price target on shares of Freshpet from $157.00 to $175.00 and gave the company an "overweight" rating in a report on Tuesday, November 5th. Benchmark restated a "buy" rating and issued a $150.00 target price on shares of Freshpet in a research note on Friday, November 1st. Truist Financial lifted their price target on Freshpet from $160.00 to $170.00 and gave the company a "buy" rating in a research report on Tuesday, November 5th. Oppenheimer upped their price objective on Freshpet from $155.00 to $180.00 and gave the stock an "outperform" rating in a research report on Thursday, November 14th. Finally, Stifel Nicolaus lifted their target price on shares of Freshpet from $155.00 to $165.00 and gave the company a "buy" rating in a report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, Freshpet has an average rating of "Moderate Buy" and an average target price of $163.36.

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.