GAMMA Investing LLC Increases Stock Holdings in Freshpet, Inc. (NASDAQ:FRPT)

GAMMA Investing LLC grew its holdings in shares of Freshpet, Inc. (NASDAQ:FRPT) by 19.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 573 shares of the company’s stock after purchasing an additional 92 shares during the period. GAMMA Investing LLC’s holdings in Freshpet were worth $85,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. ORG Wealth Partners LLC acquired a new position in shares of Freshpet in the third quarter valued at approximately $29,000. Wilmington Savings Fund Society FSB purchased a new position in Freshpet in the 3rd quarter valued at approximately $32,000. Benjamin F. Edwards & Company Inc. grew its stake in shares of Freshpet by 3,670.0% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 377 shares of the company’s stock worth $49,000 after acquiring an additional 367 shares in the last quarter. Newbridge Financial Services Group Inc. purchased a new stake in shares of Freshpet during the second quarter worth $52,000. Finally, Brooklyn Investment Group acquired a new stake in shares of Freshpet in the third quarter valued at $54,000.

Analysts Set New Price Targets

Several research firms recently commented on FRPT. StockNews.com cut Freshpet from a “hold” rating to a “sell” rating in a research note on Wednesday, November 20th. Stifel Nicolaus boosted their price objective on Freshpet from $155.00 to $165.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Freshpet from $161.00 to $163.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Robert W. Baird lifted their price target on shares of Freshpet from $157.00 to $170.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 5th. Finally, TD Cowen increased their price objective on shares of Freshpet from $160.00 to $174.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, two have given a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $163.36.

Freshpet Stock Performance

NASDAQ FRPT opened at $144.47 on Friday. The company has a fifty day moving average of $149.98 and a two-hundred day moving average of $138.66. The company has a market capitalization of $7.01 billion, a PE ratio of 162.33 and a beta of 1.41. Freshpet, Inc. has a 1 year low of $82.89 and a 1 year high of $160.91. The company has a debt-to-equity ratio of 0.41, a current ratio of 4.72 and a quick ratio of 3.91.

Freshpet (NASDAQ:FRPT) last announced its earnings results on Monday, November 4th. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.10. The firm had revenue of $253.40 million during the quarter, compared to analysts’ expectations of $248.36 million. Freshpet had a return on equity of 3.67% and a net margin of 4.75%. The business’s revenue was up 26.3% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.15) EPS. As a group, analysts expect that Freshpet, Inc. will post 0.9 earnings per share for the current year.

Insider Transactions at Freshpet

In other Freshpet news, President Scott James Morris sold 5,000 shares of Freshpet stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $157.38, for a total value of $786,900.00. Following the transaction, the president now directly owns 122,380 shares in the company, valued at approximately $19,260,164.40. This trade represents a 3.93 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Thembeka Machaba sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $153.85, for a total value of $384,625.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,500 shares of company stock worth $1,962,175. Insiders own 3.70% of the company’s stock.

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.