Freshpet, Inc. (NASDAQ:FRPT) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. reduced its stake in shares of Freshpet, Inc. (NASDAQ:FRPT - Free Report) by 69.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 133,338 shares of the company's stock after selling 300,738 shares during the quarter. Victory Capital Management Inc. owned about 0.28% of Freshpet worth $18,237,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC grew its position in shares of Freshpet by 41.1% during the second quarter. GAMMA Investing LLC now owns 371 shares of the company's stock worth $48,000 after acquiring an additional 108 shares during the last quarter. Parkside Financial Bank & Trust grew its position in Freshpet by 13.9% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,305 shares of the company's stock valued at $169,000 after buying an additional 159 shares during the last quarter. Amalgamated Bank increased its stake in Freshpet by 6.7% in the 2nd quarter. Amalgamated Bank now owns 2,740 shares of the company's stock valued at $355,000 after buying an additional 171 shares during the period. CWM LLC raised its position in Freshpet by 65.9% during the 2nd quarter. CWM LLC now owns 496 shares of the company's stock worth $64,000 after buying an additional 197 shares during the last quarter. Finally, ORG Wealth Partners LLC acquired a new stake in shares of Freshpet in the 3rd quarter worth $29,000.

Insider Buying and Selling

In other Freshpet news, insider Thembeka Machaba sold 2,500 shares of Freshpet stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $153.85, for a total value of $384,625.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Stephen Macchiaverna sold 2,178 shares of the company's stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $140.01, for a total value of $304,941.78. Following the sale, the executive vice president now owns 86,039 shares of the company's stock, valued at approximately $12,046,320.39. The trade was a 2.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.70% of the stock is currently owned by company insiders.

Freshpet Trading Up 3.9 %

Shares of Freshpet stock traded up $5.89 during mid-day trading on Tuesday, hitting $156.38. 737,602 shares of the stock were exchanged, compared to its average volume of 583,213. The stock has a market capitalization of $7.59 billion, a price-to-earnings ratio of 175.71 and a beta of 1.39. Freshpet, Inc. has a twelve month low of $68.22 and a twelve month high of $159.12. 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 simple moving average of $141.68 and a 200 day simple moving average of $132.98.

Freshpet (NASDAQ:FRPT - Get Free Report) last released its earnings results on Monday, November 4th. The company reported $0.24 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 firm had revenue of $253.40 million during the quarter, compared to analysts' expectations of $248.36 million. During the same period in the previous year, the company earned ($0.15) EPS. Freshpet's revenue for the quarter was up 26.3% on a year-over-year basis. Research analysts forecast that Freshpet, Inc. will post 0.87 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. JPMorgan Chase & Co. boosted their target price on Freshpet from $126.00 to $154.00 and gave the stock a "neutral" rating in a research report on Tuesday, November 5th. Wells Fargo & Company increased their price objective on Freshpet from $157.00 to $175.00 and gave the stock an "overweight" rating in a research report on Tuesday, November 5th. DA Davidson boosted their target price 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. Truist Financial upped their price target on shares of Freshpet from $160.00 to $170.00 and gave the stock a "buy" rating in a research note on Tuesday, November 5th. Finally, Benchmark reiterated a "buy" rating and issued a $150.00 price objective on shares of Freshpet in a research note on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $157.80.

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.