Blue Trust Inc. Sells 386 Shares of Freshpet, Inc. (NASDAQ:FRPT)

Blue Trust Inc. cut its stake in Freshpet, Inc. (NASDAQ:FRPT) by 49.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 389 shares of the company’s stock after selling 386 shares during the period. Blue Trust Inc.’s holdings in Freshpet were worth $58,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Geneos Wealth Management Inc. raised its holdings in shares of Freshpet by 302.0% in the 4th quarter. Geneos Wealth Management Inc. now owns 201 shares of the company’s stock valued at $30,000 after purchasing an additional 151 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Freshpet during the third quarter valued at approximately $32,000. R Squared Ltd bought a new position in Freshpet in the fourth quarter worth approximately $39,000. Brooklyn Investment Group purchased a new stake in Freshpet during the third quarter worth $54,000. Finally, Newbridge Financial Services Group Inc. bought a new stake in Freshpet during the 4th quarter valued at $59,000.

Insider Activity at Freshpet

In other news, President Scott James Morris sold 5,000 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $157.38, for a total transaction of $786,900.00. Following the completion of the transaction, the president now directly owns 122,380 shares of the company’s stock, valued at approximately $19,260,164.40. This represents a 3.93 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 3.70% of the stock is owned by insiders.

Freshpet Price Performance

Shares of NASDAQ FRPT opened at $107.58 on Tuesday. The stock’s 50-day moving average is $144.76 and its two-hundred day moving average is $142.98. The company has a debt-to-equity ratio of 0.41, a current ratio of 4.72 and a quick ratio of 3.91. The company has a market cap of $5.24 billion, a price-to-earnings ratio of 114.45 and a beta of 1.42. Freshpet, Inc. has a 1-year low of $97.48 and a 1-year high of $164.07.

Freshpet (NASDAQ:FRPT) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.36 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.36. The company had revenue of $262.71 million during the quarter, compared to the consensus estimate of $275.46 million. Freshpet had a net margin of 4.81% and a return on equity of 3.92%. Analysts forecast that Freshpet, Inc. will post 1.55 EPS for the current fiscal year.

Analysts Set New Price Targets

FRPT has been the subject of several recent research reports. Truist Financial boosted their price target on Freshpet from $160.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Piper Sandler decreased their price target on shares of Freshpet from $180.00 to $160.00 and set an “overweight” rating for the company in a research report on Friday. JPMorgan Chase & Co. lifted their price objective on shares of Freshpet from $126.00 to $154.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Robert W. Baird boosted their target price on Freshpet from $157.00 to $170.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 5th. Finally, Benchmark reiterated a “buy” rating and issued a $150.00 price target on shares of Freshpet in a research note on Friday, November 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $158.47.

Freshpet Company 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.