Freshpet, Inc. (NASDAQ:FRPT) Shares Bought by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC raised its stake in Freshpet, Inc. (NASDAQ:FRPT - Free Report) by 21.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 243,187 shares of the company's stock after acquiring an additional 43,595 shares during the quarter. TimesSquare Capital Management LLC owned approximately 0.50% of Freshpet worth $36,018,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Lecap Asset Management Ltd. acquired a new position in Freshpet in the fourth quarter valued at approximately $817,000. Geode Capital Management LLC lifted its holdings 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 during the period. Transcendent Capital Group LLC acquired a new position in Freshpet in the third quarter valued at approximately $1,465,000. Geneva Capital Management LLC lifted its holdings in Freshpet by 166.2% in the third quarter. Geneva Capital Management LLC now owns 84,221 shares of the company's stock valued at $11,519,000 after acquiring an additional 52,584 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its position in shares of Freshpet by 198.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 381,385 shares of the company's stock valued at $55,065,000 after buying an additional 253,679 shares in the last quarter.

Insider Activity

In other news, President Scott James Morris sold 5,000 shares of the company's stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $158.13, for a total value of $790,650.00. Following the transaction, the president now owns 122,380 shares of the company's stock, valued at $19,351,949.40. This represents a 3.93 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 3.70% of the company's stock.

Freshpet Trading Down 5.8 %

NASDAQ:FRPT traded down $6.14 during trading hours on Friday, hitting $100.26. The company had a trading volume of 3,563,843 shares, compared to its average volume of 928,231. The company has a current ratio of 4.72, a quick ratio of 3.91 and a debt-to-equity ratio of 0.41. The company has a 50-day moving average of $145.55 and a 200 day moving average of $142.91. The company has a market cap of $4.87 billion, a P/E ratio of 112.65 and a beta of 1.42. Freshpet, Inc. has a 1 year low of $89.15 and a 1 year high of $164.07.

Freshpet (NASDAQ:FRPT - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported $0.36 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.36. Freshpet had a return on equity of 3.67% and a net margin of 4.75%. The company had revenue of $262.71 million during the quarter, compared to analysts' expectations of $275.46 million. Sell-side analysts expect that Freshpet, Inc. will post 0.89 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Piper Sandler cut their price objective on Freshpet from $180.00 to $160.00 and set an "overweight" rating for the company in a research report on Friday. Robert W. Baird boosted their price objective on Freshpet from $157.00 to $170.00 and gave the company an "outperform" rating in a research report on Tuesday, November 5th. DA Davidson boosted their price objective on Freshpet from $183.00 to $189.00 and gave the company a "buy" rating in a research report on Tuesday, November 5th. JPMorgan Chase & Co. boosted 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. Finally, StockNews.com cut Freshpet from a "hold" rating to a "sell" rating in a research report on Wednesday, November 20th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, Freshpet currently has an average rating of "Moderate Buy" and an average price target of $161.93.

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.