Freshpet, Inc. (NASDAQ:FRPT) Shares Purchased by US Bancorp DE

US Bancorp DE boosted its position in Freshpet, Inc. (NASDAQ:FRPTFree Report) by 21.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,585 shares of the company’s stock after purchasing an additional 2,198 shares during the quarter. US Bancorp DE’s holdings in Freshpet were worth $1,092,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Washington Trust Advisors Inc. raised its stake in Freshpet by 617.3% in the 4th quarter. Washington Trust Advisors Inc. now owns 581 shares of the company’s stock valued at $50,000 after purchasing an additional 500 shares during the last quarter. Harvest Fund Management Co. Ltd raised its stake in Freshpet by 96.6% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 1,750 shares of the company’s stock valued at $153,000 after purchasing an additional 860 shares during the last quarter. Pathstone Family Office LLC acquired a new position in Freshpet in the 3rd quarter valued at $206,000. Wealth Alliance acquired a new stake in shares of Freshpet in the 4th quarter worth $217,000. Finally, OLD National Bancorp IN acquired a new stake in shares of Freshpet in the 4th quarter worth $219,000.

Freshpet Stock Performance

Shares of Freshpet stock opened at $131.57 on Tuesday. The business has a 50-day moving average of $116.94 and a 200 day moving average of $98.72. Freshpet, Inc. has a 12 month low of $54.60 and a 12 month high of $132.84. The stock has a market capitalization of $6.37 billion, a price-to-earnings ratio of 730.99 and a beta of 1.33. The company has a debt-to-equity ratio of 0.43, a current ratio of 4.97 and a quick ratio of 4.09.

Freshpet (NASDAQ:FRPTGet Free Report) last announced its earnings results on Monday, May 6th. The company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.43. Freshpet had a return on equity of 0.20% and a net margin of 1.19%. The company had revenue of $223.85 million during the quarter, compared to analysts’ expectations of $216.43 million. As a group, sell-side analysts forecast that Freshpet, Inc. will post 0.43 earnings per share for the current year.

Wall Street Analysts Forecast Growth

FRPT has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft initiated coverage on Freshpet in a research note on Thursday, May 23rd. They issued a “buy” rating and a $150.00 target price for the company. Redburn Atlantic raised Freshpet from a “neutral” rating to a “buy” rating and set a $168.00 target price for the company in a research note on Thursday, May 23rd. StockNews.com raised Freshpet to a “sell” rating in a research note on Saturday, May 4th. Oppenheimer raised their target price on Freshpet from $120.00 to $135.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 7th. Finally, DA Davidson raised their target price on Freshpet from $138.00 to $153.00 and gave the stock a “buy” rating in a research note on Tuesday, May 7th. One research analyst has rated the stock with a sell rating, three have given a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, Freshpet currently has an average rating of “Moderate Buy” and an average target price of $124.63.

Check Out Our Latest Research Report on Freshpet

Insider Activity at Freshpet

In related news, COO Scott James Morris sold 3,632 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $109.86, for a total transaction of $399,011.52. Following the completion of the transaction, the chief operating officer now directly owns 122,380 shares in the company, valued at approximately $13,444,666.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, COO Scott James Morris sold 3,632 shares of Freshpet stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $109.86, for a total value of $399,011.52. Following the completion of the transaction, the chief operating officer now owns 122,380 shares in the company, valued at approximately $13,444,666.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Stephen Macchiaverna sold 1,012 shares of Freshpet stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $120.61, for a total value of $122,057.32. Following the completion of the transaction, the executive vice president now owns 86,039 shares of the company’s stock, valued at approximately $10,377,163.79. The disclosure for this sale can be found here. Insiders sold 11,192 shares of company stock worth $1,307,811 in the last three months. 3.60% of the stock is owned by company insiders.

Freshpet Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Freshpet (NASDAQ:FRPT)

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