Private Advisor Group LLC Has $317,000 Stock Position in Freshpet, Inc. (NASDAQ:FRPT)

Private Advisor Group LLC grew its position in Freshpet, Inc. (NASDAQ:FRPT) by 29.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,316 shares of the company’s stock after buying an additional 531 shares during the quarter. Private Advisor Group LLC’s holdings in Freshpet were worth $317,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in FRPT. Whittier Trust Co. purchased a new stake in shares of Freshpet in the first quarter worth approximately $41,000. Duality Advisers LP purchased a new stake in shares of Freshpet in the first quarter worth approximately $854,000. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of Freshpet in the first quarter worth approximately $244,000. Quantbot Technologies LP purchased a new stake in shares of Freshpet in the first quarter worth approximately $3,388,000. Finally, Oppenheimer & Co. Inc. purchased a new stake in shares of Freshpet in the first quarter worth approximately $295,000.

Insider Transactions at Freshpet

In other news, EVP Stephen Macchiaverna sold 2,178 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $140.01, for a total transaction of $304,941.78. Following the sale, the executive vice president now owns 86,039 shares in the company, valued at $12,046,320.39. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 3.70% of the company’s stock.

Freshpet Stock Performance

Shares of NASDAQ:FRPT opened at $155.27 on Thursday. The stock has a market capitalization of $7.53 billion, a P/E ratio of 174.46 and a beta of 1.39. Freshpet, Inc. has a 1-year low of $65.81 and a 1-year high of $157.10. The company has a current ratio of 4.50, a quick ratio of 3.69 and a debt-to-equity ratio of 0.42. The business has a 50-day moving average price of $138.60 and a two-hundred day moving average price of $129.81.

Freshpet (NASDAQ:FRPT) last announced its quarterly earnings results on Monday, November 4th. The company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.10. Freshpet had a return on equity of 1.78% and a net margin of 2.86%. The company had revenue of $253.40 million during the quarter, compared to analysts’ expectations of $248.36 million. During the same period in the prior year, the business posted ($0.15) EPS. Freshpet’s revenue was up 26.3% on a year-over-year basis. Equities analysts predict that Freshpet, Inc. will post 0.73 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on FRPT shares. Stifel Nicolaus increased their price target on shares of Freshpet from $155.00 to $165.00 and gave the stock a “buy” rating in a research report on Wednesday. Wells Fargo & Company increased their price target on shares of Freshpet from $157.00 to $175.00 and gave the stock an “overweight” rating in a research report on Tuesday. DA Davidson raised their price objective on shares of Freshpet from $183.00 to $189.00 and gave the company a “buy” rating in a research report on Tuesday. Benchmark reaffirmed a “buy” rating and set a $150.00 price objective on shares of Freshpet in a research report on Friday, November 1st. Finally, Robert W. Baird raised their price objective on shares of Freshpet from $157.00 to $170.00 and gave the company an “outperform” rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, Freshpet presently has an average rating of “Moderate Buy” and an average target price of $156.13.

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.