Tidal Investments LLC Has $269,000 Position in Freshpet, Inc. (NASDAQ:FRPT)

Tidal Investments LLC lowered its position in shares of Freshpet, Inc. (NASDAQ:FRPT - Free Report) by 69.5% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 1,969 shares of the company's stock after selling 4,477 shares during the quarter. Tidal Investments LLC's holdings in Freshpet were worth $269,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Transcendent Capital Group LLC purchased a new stake in shares of Freshpet in the third quarter worth about $1,465,000. Geode Capital Management LLC grew its position in Freshpet by 4.7% in the third quarter. Geode Capital Management LLC now owns 835,663 shares of the company's stock valued at $115,650,000 after acquiring an additional 37,287 shares in the last quarter. Geneva Capital Management LLC raised its stake in shares of Freshpet by 166.2% during the third quarter. Geneva Capital Management LLC now owns 84,221 shares of the company's stock valued at $11,519,000 after purchasing an additional 52,584 shares during the period. Great Lakes Advisors LLC acquired a new position in shares of Freshpet during the second quarter worth $4,299,000. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Freshpet by 54.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 439,681 shares of the company's stock worth $60,135,000 after purchasing an additional 154,909 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on FRPT. Stifel Nicolaus lifted their price target on shares of Freshpet from $155.00 to $165.00 and gave the stock a "buy" rating in a research note on Wednesday, November 6th. Truist Financial boosted their price target on Freshpet from $160.00 to $170.00 and gave the stock a "buy" rating in a research note on Tuesday, November 5th. Benchmark restated a "buy" rating and set a $150.00 price objective on shares of Freshpet in a research note on Friday, November 1st. Oppenheimer upped their target price on Freshpet from $155.00 to $180.00 and gave the company an "outperform" rating in a research report on Thursday, November 14th. Finally, Robert W. Baird raised their price target on shares of Freshpet from $157.00 to $170.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $163.36.

Insider Transactions at Freshpet

In other news, President Scott James Morris sold 5,000 shares of the firm's stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $157.38, for a total transaction of $786,900.00. Following the completion of the transaction, the president now owns 122,380 shares in the company, valued at approximately $19,260,164.40. This trade represents a 3.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Thembeka Machaba sold 2,500 shares of the stock in a transaction that occurred on Thursday, November 7th. The shares were 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. Over the last three months, insiders sold 12,500 shares of company stock worth $1,962,175. Company insiders own 3.70% of the company's stock.

Freshpet Stock Performance

NASDAQ:FRPT traded up $1.40 during midday trading on Wednesday, reaching $145.17. 180,616 shares of the company traded hands, compared to its average volume of 571,987. The firm has a market capitalization of $7.05 billion, a price-to-earnings ratio of 163.11 and a beta of 1.41. The company has a fifty day moving average price of $147.15 and a 200 day moving average price of $137.10. The company has a debt-to-equity ratio of 0.41, a current ratio of 4.72 and a quick ratio of 3.91. Freshpet, Inc. has a twelve month low of $82.16 and a twelve month high of $160.91.

Freshpet (NASDAQ:FRPT - Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.10. Freshpet had a net margin of 4.75% and a return on equity of 3.67%. The company had revenue of $253.40 million during the quarter, compared to the consensus estimate of $248.36 million. During the same quarter in the previous year, the company posted ($0.15) earnings per share. The company's revenue for the quarter was up 26.3% compared to the same quarter last year. On average, analysts expect that Freshpet, Inc. will post 0.9 EPS for the current fiscal 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.