10,801 Shares in Freshpet, Inc. $FRPT Purchased by Optimize Financial Inc

Optimize Financial Inc acquired a new stake in Freshpet, Inc. (NASDAQ:FRPT) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 10,801 shares of the company’s stock, valued at approximately $595,000.

A number of other large investors also recently bought and sold shares of FRPT. Nordea Investment Management AB acquired a new stake in shares of Freshpet during the second quarter worth about $648,000. Segall Bryant & Hamill LLC increased its stake in Freshpet by 20.4% during the 2nd quarter. Segall Bryant & Hamill LLC now owns 75,184 shares of the company’s stock worth $5,110,000 after buying an additional 12,764 shares during the period. Janney Montgomery Scott LLC acquired a new stake in Freshpet during the 2nd quarter worth approximately $1,005,000. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna purchased a new position in Freshpet in the 2nd quarter valued at approximately $1,257,000. Finally, Truist Financial Corp boosted its position in Freshpet by 146.3% in the 2nd quarter. Truist Financial Corp now owns 22,738 shares of the company’s stock valued at $1,545,000 after buying an additional 13,506 shares during the period.

Analyst Ratings Changes

A number of research firms have recently weighed in on FRPT. JPMorgan Chase & Co. cut their price objective on Freshpet from $70.00 to $62.00 and set a “neutral” rating on the stock in a research report on Thursday, October 23rd. DA Davidson lowered their target price on Freshpet from $101.00 to $83.00 and set a “buy” rating for the company in a research note on Tuesday, November 4th. Deutsche Bank Aktiengesellschaft lowered Freshpet from a “buy” rating to a “hold” rating and set a $62.00 price target on the stock. in a research report on Monday, December 15th. Wells Fargo & Company lifted their price objective on Freshpet from $70.00 to $82.00 and gave the company an “overweight” rating in a research note on Monday, January 26th. Finally, Morgan Stanley began coverage on Freshpet in a research report on Tuesday, December 16th. They set an “equal weight” rating and a $71.00 price objective for the company. Six equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $81.50.

Insider Activity

In other news, President Scott James Morris sold 63,135 shares of the company’s stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $55.21, for a total value of $3,485,683.35. Following the completion of the transaction, the president owned 160,476 shares in the company, valued at approximately $8,859,879.96. This represents a 28.23% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 4.43% of the company’s stock.

Freshpet Trading Down 0.2%

NASDAQ:FRPT opened at $69.89 on Wednesday. Freshpet, Inc. has a 1 year low of $46.76 and a 1 year high of $160.35. The stock has a market cap of $3.41 billion, a P/E ratio of 30.52, a P/E/G ratio of 1.71 and a beta of 1.72. The company has a debt-to-equity ratio of 0.36, a quick ratio of 4.61 and a current ratio of 5.52. The stock has a 50-day simple moving average of $64.11 and a 200-day simple moving average of $59.48.

Freshpet (NASDAQ:FRPT) last issued its earnings results on Monday, November 3rd. The company reported $1.86 earnings per share for the quarter, topping the consensus estimate of $0.43 by $1.43. The business had revenue of $288.85 million for the quarter, compared to analyst estimates of $283.73 million. Freshpet had a return on equity of 5.73% and a net margin of 11.44%.The business’s quarterly revenue was up 14.0% on a year-over-year basis. During the same quarter last year, the company earned $0.24 EPS. As a group, analysts anticipate that Freshpet, Inc. will post 1.55 earnings per share for the current fiscal year.

Freshpet Company Profile

Freshpet Inc (NASDAQ: FRPT) is a leading pet food company specializing in fresh, refrigerated meals and treats for dogs and cats. The company’s products are formulated with carefully selected, natural ingredients and are designed to offer a higher level of nutrition and freshness than traditional dry or canned pet foods. Freshpet’s offerings include refrigerated rolls, pâtés and snacks, all of which are sold through the refrigerated section of grocery, mass-market and pet specialty stores.

Freshpet’s product portfolio is built around the concept of fresh, minimally processed recipes that do not require preservatives or artificial colors.