Freshpet, Inc. (NASDAQ:FRPT) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP lowered its holdings in shares of Freshpet, Inc. (NASDAQ:FRPT - Free Report) by 3.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,527,486 shares of the company's stock after selling 90,931 shares during the quarter. Wellington Management Group LLP owned approximately 5.21% of Freshpet worth $345,684,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. WCM Investment Management LLC lifted its position in shares of Freshpet by 749.7% during the 3rd quarter. WCM Investment Management LLC now owns 2,771,377 shares of the company's stock valued at $376,187,000 after buying an additional 2,445,199 shares in the last quarter. Point72 Asset Management L.P. lifted its holdings in Freshpet by 391.5% during the third quarter. Point72 Asset Management L.P. now owns 234,626 shares of the company's stock valued at $32,090,000 after purchasing an additional 186,889 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Freshpet by 54.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 439,681 shares of the company's stock valued at $60,135,000 after purchasing an additional 154,909 shares during the period. Driehaus Capital Management LLC increased its stake in shares of Freshpet by 24.4% during the second quarter. Driehaus Capital Management LLC now owns 721,288 shares of the company's stock worth $93,327,000 after purchasing an additional 141,615 shares in the last quarter. Finally, M&G Plc purchased a new stake in shares of Freshpet during the second quarter worth about $8,892,000.

Freshpet Trading Up 0.1 %

Shares of FRPT stock traded up $0.14 during trading on Friday, hitting $154.37. 448,301 shares of the stock traded hands, compared to its average volume of 459,362. Freshpet, Inc. has a 52-week low of $71.98 and a 52-week high of $160.91. The firm has a market capitalization of $7.49 billion, a P/E ratio of 173.45 and a beta of 1.41. The firm's fifty day moving average price is $145.64 and its 200-day moving average price is $135.74. The company has a debt-to-equity ratio of 0.41, a current ratio of 4.72 and a quick ratio of 3.91.

Freshpet (NASDAQ:FRPT - Get Free Report) last posted its earnings results 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. The company had revenue of $253.40 million during the quarter, compared to analysts' expectations of $248.36 million. Freshpet had a return on equity of 3.67% and a net margin of 4.75%. The firm's quarterly revenue was up 26.3% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.15) earnings per share. As a group, research analysts forecast that Freshpet, Inc. will post 0.9 earnings per share for the current fiscal year.

Insider Buying and Selling at Freshpet

In related news, insider Thembeka Machaba sold 2,500 shares of the stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $153.85, for a total transaction of $384,625.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President Scott James Morris sold 5,000 shares of Freshpet stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $158.13, for a total value of $790,650.00. Following the completion of the transaction, the president now directly owns 122,380 shares of the company's stock, valued at approximately $19,351,949.40. This represents a 3.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,500 shares of company stock worth $1,962,175 over the last three months. Insiders own 3.70% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on FRPT. Wells Fargo & Company lifted their price objective on Freshpet from $157.00 to $175.00 and gave the stock an "overweight" rating in a report on Tuesday, November 5th. TD Cowen raised their target price on Freshpet from $160.00 to $174.00 and gave the company a "buy" rating in a research report on Tuesday, November 5th. Robert W. Baird boosted their price target on Freshpet from $157.00 to $170.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 5th. DA Davidson raised their price objective on Freshpet from $183.00 to $189.00 and gave the company a "buy" rating in a report on Tuesday, November 5th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Freshpet from $126.00 to $154.00 and gave the stock a "neutral" rating in a research note on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, Freshpet currently has a consensus rating of "Moderate Buy" and an average 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.