Freshpet, Inc. (NASDAQ:FRPT) Shares Acquired by Diversified Trust Co

Diversified Trust Co increased its holdings in Freshpet, Inc. (NASDAQ:FRPT) by 1.4% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,171 shares of the company’s stock after buying an additional 287 shares during the period. Diversified Trust Co’s holdings in Freshpet were worth $2,453,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its holdings in shares of Freshpet by 100.8% in the first quarter. GAMMA Investing LLC now owns 263 shares of the company’s stock valued at $30,000 after purchasing an additional 132 shares in the last quarter. Johnson Financial Group Inc. acquired a new stake in Freshpet during the 4th quarter valued at $29,000. Quarry LP purchased a new position in Freshpet during the fourth quarter worth $40,000. Washington Trust Advisors Inc. raised its holdings in shares of Freshpet by 617.3% in the fourth quarter. Washington Trust Advisors Inc. now owns 581 shares of the company’s stock worth $50,000 after acquiring an additional 500 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd lifted its position in shares of Freshpet by 96.6% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 1,750 shares of the company’s stock valued at $153,000 after acquiring an additional 860 shares in the last quarter.

Insider Activity at Freshpet

In other Freshpet news, EVP Stephen Macchiaverna sold 1,012 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The stock was 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 in the company, valued at approximately $10,377,163.79. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last ninety days, insiders have sold 13,560 shares of company stock worth $1,701,580. 3.60% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts recently commented on FRPT shares. Deutsche Bank Aktiengesellschaft started coverage on Freshpet in a research report on Thursday, May 23rd. They set a “buy” rating and a $150.00 price objective for the company. Oppenheimer lifted their price target on shares of Freshpet from $135.00 to $155.00 and gave the stock an “outperform” rating in a report on Tuesday, June 25th. Wells Fargo & Company upped their price objective on shares of Freshpet from $124.00 to $140.00 and gave the company an “overweight” rating in a research note on Tuesday, May 7th. Benchmark lifted their target price on shares of Freshpet from $125.00 to $150.00 and gave the stock a “buy” rating in a research note on Tuesday, June 11th. Finally, TD Cowen boosted their price target on Freshpet from $128.00 to $143.00 and gave the company a “buy” rating in a report on Tuesday, May 7th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $129.00.

Freshpet Price Performance

Freshpet stock opened at $129.00 on Tuesday. The firm has a fifty day moving average of $123.73 and a 200-day moving average of $106.66. Freshpet, Inc. has a 52-week low of $54.60 and a 52-week high of $132.84. The company has a quick ratio of 4.09, a current ratio of 4.97 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $6.25 billion, a P/E ratio of 716.71 and a beta of 1.36.

Freshpet (NASDAQ:FRPT) last announced its quarterly earnings results on Monday, May 6th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.22) by $0.43. Freshpet had a return on equity of 0.20% and a net margin of 1.19%. The firm had revenue of $223.85 million during the quarter, compared to the consensus estimate of $216.43 million. As a group, analysts predict that Freshpet, Inc. will post 0.54 EPS for the current year.

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.