Freshpet, Inc. (NASDAQ:FRPT) Shares Sold by Trust Point Inc.

Trust Point Inc. lessened its holdings in Freshpet, Inc. (NASDAQ:FRPT - Free Report) by 26.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,060 shares of the company's stock after selling 4,367 shares during the quarter. Trust Point Inc.'s holdings in Freshpet were worth $1,786,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. ORG Wealth Partners LLC purchased a new stake in shares of Freshpet during the 3rd quarter worth $29,000. Geneos Wealth Management Inc. boosted its holdings in Freshpet by 302.0% during the fourth quarter. Geneos Wealth Management Inc. now owns 201 shares of the company's stock worth $30,000 after buying an additional 151 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Freshpet during the third quarter worth about $32,000. R Squared Ltd acquired a new stake in shares of Freshpet during the 4th quarter valued at approximately $39,000. Finally, Brooklyn Investment Group purchased a new stake in shares of Freshpet during the 3rd quarter worth approximately $54,000.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on FRPT. Benchmark reaffirmed a "buy" rating and issued a $150.00 price objective 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 stock a "buy" rating in a research note on Tuesday, November 5th. Oppenheimer boosted their price objective on shares of Freshpet from $155.00 to $180.00 and gave the stock an "outperform" rating in a research report on Thursday, November 14th. DA Davidson raised their target price on shares of Freshpet from $183.00 to $189.00 and gave the company a "buy" rating in a report on Tuesday, November 5th. Finally, StockNews.com downgraded shares of Freshpet from a "hold" rating to a "sell" rating in a report on Wednesday, November 20th. One analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat, Freshpet currently has a consensus rating of "Moderate Buy" and an average price target of $163.36.

Insider Activity at Freshpet

In related news, President Scott James Morris sold 5,000 shares of the business's stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $158.13, for a total transaction of $790,650.00. Following the transaction, the president now directly owns 122,380 shares of the company's stock, valued at approximately $19,351,949.40. The trade was a 3.93 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 3.70% of the company's stock.

Freshpet Trading Down 0.9 %

Shares of NASDAQ:FRPT traded down $1.41 during trading on Friday, reaching $147.10. 553,944 shares of the stock were exchanged, compared to its average volume of 569,210. The firm's 50-day moving average price is $150.86 and its 200 day moving average price is $142.35. The firm has a market cap of $7.14 billion, a price-to-earnings ratio of 165.28 and a beta of 1.42. Freshpet, Inc. has a 12-month low of $84.02 and a 12-month high of $164.07. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.91 and a current ratio of 4.72.

Freshpet (NASDAQ:FRPT - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The company reported $0.24 earnings per share (EPS) for the quarter, topping 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 period in the previous year, the firm earned ($0.15) earnings per share. Freshpet's revenue for the quarter was up 26.3% on a year-over-year basis. On average, sell-side analysts anticipate that Freshpet, Inc. will post 0.9 earnings per share for the current fiscal year.

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.