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

Diversified Trust Co trimmed its stake in shares of Freshpet, Inc. (NASDAQ:FRPT) by 25.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,431 shares of the company’s stock after selling 3,953 shares during the quarter. Diversified Trust Co’s holdings in Freshpet were worth $1,563,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. GAMMA Investing LLC boosted its stake in shares of Freshpet by 100.8% in the 1st quarter. GAMMA Investing LLC now owns 263 shares of the company’s stock valued at $30,000 after buying an additional 132 shares during the period. ORG Partners LLC purchased a new position in Freshpet in the second quarter worth approximately $32,000. Quarry LP purchased a new position in Freshpet in the fourth quarter worth approximately $40,000. Whittier Trust Co. acquired a new position in Freshpet during the 1st quarter worth approximately $41,000. Finally, Benjamin F. Edwards & Company Inc. increased its position in shares of Freshpet by 3,670.0% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 377 shares of the company’s stock valued at $49,000 after purchasing an additional 367 shares during the last quarter.

Insider Buying and Selling

In other Freshpet news, EVP Stephen Macchiaverna sold 2,178 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $140.01, for a total value of $304,941.78. Following the transaction, the executive vice president now directly owns 86,039 shares of the company’s stock, valued at approximately $12,046,320.39. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 3.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on FRPT. Wells Fargo & Company lifted their price objective on shares of Freshpet from $140.00 to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 10th. Piper Sandler reaffirmed an “overweight” rating and set a $150.00 price target on shares of Freshpet in a report on Tuesday, July 2nd. Benchmark reiterated a “buy” rating and issued a $150.00 price objective on shares of Freshpet in a report on Wednesday, August 7th. Citigroup boosted their target price on Freshpet from $124.00 to $129.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 17th. Finally, TD Cowen increased their price target on shares of Freshpet from $143.00 to $160.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $142.87.

Freshpet Price Performance

Shares of NASDAQ:FRPT opened at $137.09 on Wednesday. Freshpet, Inc. has a one year low of $54.60 and a one year high of $144.38. The stock has a market capitalization of $6.64 billion, a price-to-earnings ratio of 761.61 and a beta of 1.39. The company has a 50-day simple moving average of $134.66 and a 200-day simple moving average of $125.92. The company has a debt-to-equity ratio of 0.42, a quick ratio of 3.69 and a current ratio of 4.50.

Freshpet (NASDAQ:FRPT) last posted its quarterly earnings data on Monday, August 5th. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.09) by $0.06. Freshpet had a return on equity of 1.78% and a net margin of 2.86%. The firm had revenue of $235.30 million during the quarter, compared to the consensus estimate of $230.99 million. During the same period in the prior year, the business earned ($0.35) EPS. The firm’s revenue was up 28.4% compared to the same quarter last year. On average, analysts predict that Freshpet, Inc. will post 0.72 EPS for the current year.

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.