TimesSquare Capital Management LLC Grows Stock Position in Freshpet, Inc. (NASDAQ:FRPT)

TimesSquare Capital Management LLC raised its holdings in shares of Freshpet, Inc. (NASDAQ:FRPT - Free Report) by 38.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 199,592 shares of the company's stock after buying an additional 55,200 shares during the period. TimesSquare Capital Management LLC owned about 0.41% of Freshpet worth $27,298,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of FRPT. ORG Wealth Partners LLC purchased a new stake in shares of Freshpet during the third quarter valued at approximately $29,000. ORG Partners LLC bought a new stake in shares of Freshpet in the 2nd quarter worth approximately $32,000. GAMMA Investing LLC increased its stake 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 buying an additional 108 shares during the period. Benjamin F. Edwards & Company Inc. raised its holdings in shares of Freshpet by 3,670.0% during the second 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 in the last quarter. Finally, Newbridge Financial Services Group Inc. purchased a new stake in Freshpet in the second quarter worth $52,000.

Analyst Ratings Changes

Several research analysts have commented on the stock. TD Cowen upped their price objective on shares of Freshpet from $160.00 to $174.00 and gave the stock a "buy" rating in a report on Tuesday, November 5th. JPMorgan Chase & Co. lifted their price objective on Freshpet from $126.00 to $154.00 and gave the company a "neutral" rating in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft lifted their price target on Freshpet from $161.00 to $163.00 and gave the company a "buy" rating in a research report on Tuesday, November 5th. Citigroup lifted their target price on shares of Freshpet from $124.00 to $129.00 and gave the company a "neutral" rating in a report on Wednesday, July 17th. Finally, Benchmark reissued a "buy" rating and set a $150.00 price target on shares of Freshpet in a research report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Freshpet presently has an average rating of "Moderate Buy" and a consensus target price of $156.13.

Freshpet Stock Performance

FRPT traded up $3.23 on Friday, reaching $156.45. 874,429 shares of the stock were exchanged, compared to its average volume of 539,303. Freshpet, Inc. has a fifty-two week low of $65.85 and a fifty-two week high of $159.12. The firm has a market capitalization of $7.59 billion, a PE ratio of 175.79 and a beta of 1.39. The company has a debt-to-equity ratio of 0.41, a current ratio of 4.72 and a quick ratio of 3.69. The company's 50-day moving average price is $139.37 and its 200 day moving average price is $130.69.

Freshpet (NASDAQ:FRPT - Get Free Report) last posted its quarterly earnings results on Monday, November 4th. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.14 by $0.10. The company had revenue of $253.40 million during 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%. Freshpet's revenue for the quarter was up 26.3% compared to the same quarter last year. During the same period last year, the firm posted ($0.15) EPS. As a group, sell-side analysts forecast that Freshpet, Inc. will post 0.87 EPS for the current fiscal year.

Insider Buying and Selling

In other Freshpet news, EVP Stephen Macchiaverna sold 2,178 shares of the business's stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $140.01, for a total transaction of $304,941.78. Following the completion of the transaction, the executive vice president now owns 86,039 shares in the company, valued at $12,046,320.39. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 3.70% of the stock is currently owned by 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.