Freshpet, Inc. (NASDAQ:FRPT) Shares Sold by Two Sigma Advisers LP

Two Sigma Advisers LP trimmed its holdings in Freshpet, Inc. (NASDAQ:FRPT - Free Report) by 36.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 162,300 shares of the company's stock after selling 91,700 shares during the quarter. Two Sigma Advisers LP owned approximately 0.33% of Freshpet worth $22,198,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of FRPT. GAMMA Investing LLC increased its holdings in shares of Freshpet by 41.1% in the 2nd quarter. GAMMA Investing LLC now owns 371 shares of the company's stock valued at $48,000 after acquiring an additional 108 shares during the period. CWM LLC increased its stake in Freshpet by 65.9% in the 2nd quarter. CWM LLC now owns 496 shares of the company's stock valued at $64,000 after buying an additional 197 shares during the period. SG Americas Securities LLC acquired a new position in Freshpet in the 2nd quarter valued at $3,964,000. M&G Plc acquired a new position in Freshpet in the 2nd quarter valued at $8,892,000. Finally, ORG Partners LLC acquired a new position in Freshpet in the 2nd quarter valued at $32,000.

Freshpet Trading Up 0.1 %

NASDAQ:FRPT traded up $0.14 on Friday, reaching $154.37. The stock had a trading volume of 448,301 shares, compared to its average volume of 459,362. The company has a market cap of $7.49 billion, a price-to-earnings ratio of 173.45 and a beta of 1.41. The company has a debt-to-equity ratio of 0.41, a current ratio of 4.72 and a quick ratio of 3.91. The firm's fifty day moving average is $145.64 and its two-hundred day moving average is $135.74. Freshpet, Inc. has a 12-month low of $71.98 and a 12-month high of $160.91.

Freshpet (NASDAQ:FRPT - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.10. The business had revenue of $253.40 million for 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%. The company's revenue was up 26.3% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.15) EPS. Equities analysts expect that Freshpet, Inc. will post 0.9 EPS for the current fiscal year.

Insider Transactions at Freshpet

In related news, President Scott James Morris sold 5,000 shares of the stock in a transaction that occurred on 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 sale, the president now owns 122,380 shares of the company's stock, valued at approximately $19,260,164.40. This represents a 3.93 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Thembeka Machaba sold 2,500 shares of the stock in a transaction that occurred on Thursday, November 7th. The stock was 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. Insiders have sold a total of 12,500 shares of company stock worth $1,962,175 in the last three months. Company insiders own 3.70% of the company's stock.

Analysts Set New Price Targets

Several brokerages have issued reports on FRPT. Stifel Nicolaus boosted their price objective on shares of Freshpet from $155.00 to $165.00 and gave the company a "buy" rating in a research note on Wednesday, November 6th. StockNews.com lowered shares of Freshpet from a "hold" rating to a "sell" rating in a research report on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Freshpet from $161.00 to $163.00 and gave the stock a "buy" rating in a research report on Tuesday, November 5th. Robert W. Baird boosted their price objective 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. Finally, DA Davidson boosted their price objective on shares of Freshpet from $183.00 to $189.00 and gave the stock a "buy" rating in a research report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat, Freshpet currently has a consensus rating of "Moderate Buy" and a consensus target price of $157.80.

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.