Freshpet, Inc. (NASDAQ:FRPT) Shares Purchased by WCM Investment Management LLC

WCM Investment Management LLC increased its stake in Freshpet, Inc. (NASDAQ:FRPT - Free Report) by 749.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,771,377 shares of the company's stock after buying an additional 2,445,199 shares during the quarter. WCM Investment Management LLC owned about 5.72% of Freshpet worth $376,187,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Versor Investments LP bought a new stake in shares of Freshpet during the third quarter worth $300,000. TimesSquare Capital Management LLC lifted its position in shares of Freshpet by 38.2% during the third quarter. TimesSquare Capital Management LLC now owns 199,592 shares of the company's stock worth $27,298,000 after purchasing an additional 55,200 shares during the last quarter. Transcendent Capital Group LLC bought a new stake in shares of Freshpet during the third quarter worth $1,465,000. Atria Investments Inc lifted its position in shares of Freshpet by 5.5% during the third quarter. Atria Investments Inc now owns 5,049 shares of the company's stock worth $691,000 after purchasing an additional 265 shares during the last quarter. Finally, Capital Performance Advisors LLP bought a new stake in shares of Freshpet during the third quarter worth $57,000.

Freshpet Stock Down 0.0 %

Shares of FRPT stock traded down $0.01 during trading hours on Monday, reaching $156.44. 387,262 shares of the company's stock were exchanged, compared to its average volume of 587,031. Freshpet, Inc. has a 1 year low of $66.36 and a 1 year high of $159.12. The stock has a market cap of $7.59 billion, a PE ratio of 175.78 and a beta of 1.39. The company has a current ratio of 4.72, a quick ratio of 3.69 and a debt-to-equity ratio of 0.41. The stock's fifty day moving average price is $139.77 and its two-hundred day moving average price is $131.05.

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 analysts' consensus estimates of $0.14 by $0.10. Freshpet had a return on equity of 3.67% and a net margin of 4.75%. The firm had revenue of $253.40 million during the quarter, compared to the consensus estimate of $248.36 million. During the same quarter in the previous year, the company posted ($0.15) earnings per share. The company's revenue was up 26.3% compared to the same quarter last year. Research analysts predict that Freshpet, Inc. will post 0.87 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on FRPT. Benchmark reiterated a "buy" rating and set a $150.00 target price on shares of Freshpet in a research report on Friday, November 1st. Stifel Nicolaus lifted their price objective on Freshpet from $155.00 to $165.00 and gave the company a "buy" rating in a report on Wednesday, November 6th. Robert W. Baird lifted their price objective on Freshpet from $157.00 to $170.00 and gave the company an "outperform" rating in a report on Tuesday, November 5th. Truist Financial lifted their price objective on Freshpet from $160.00 to $170.00 and gave the company a "buy" rating in a report on Tuesday, November 5th. Finally, Wells Fargo & Company lifted their price objective on Freshpet from $157.00 to $175.00 and gave the company an "overweight" rating in a report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, Freshpet has a consensus rating of "Moderate Buy" and a consensus target price of $156.13.

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 stock was sold at an average price of $140.01, for a total value of $304,941.78. Following the completion of the transaction, the executive vice president now directly owns 86,039 shares of the company's stock, valued at approximately $12,046,320.39. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 3.70% of the company's stock.

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.