Parkside Financial Bank & Trust Trims Holdings in Freshpet, Inc. (NASDAQ:FRPT)

Parkside Financial Bank & Trust trimmed its holdings in Freshpet, Inc. (NASDAQ:FRPT) by 10.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,253 shares of the company’s stock after selling 139 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Freshpet were worth $186,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Geneos Wealth Management Inc. increased its stake in Freshpet by 302.0% in the fourth quarter. Geneos Wealth Management Inc. now owns 201 shares of the company’s stock worth $30,000 after purchasing an additional 151 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in Freshpet in the third quarter valued at about $32,000. R Squared Ltd purchased a new position in Freshpet in the fourth quarter valued at about $39,000. IFP Advisors Inc purchased a new position in Freshpet in the fourth quarter valued at about $43,000. Finally, Brooklyn Investment Group purchased a new position in Freshpet in the third quarter valued at about $54,000.

Freshpet Stock Performance

Shares of Freshpet stock opened at $107.03 on Friday. Freshpet, Inc. has a 52 week low of $97.48 and a 52 week high of $164.07. The business’s fifty day simple moving average is $141.88 and its 200-day simple moving average is $142.17. The firm has a market cap of $5.21 billion, a PE ratio of 113.86 and a beta of 1.42. The company has a quick ratio of 3.91, a current ratio of 4.72 and a debt-to-equity ratio of 0.41.

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

Insider Buying and Selling

In other Freshpet news, President Scott James Morris sold 5,000 shares of the company’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $157.38, for a total transaction of $786,900.00. Following the sale, the president now owns 122,380 shares in the company, valued at $19,260,164.40. This represents a 3.93 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.70% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have weighed in on FRPT. Deutsche Bank Aktiengesellschaft raised their price target on Freshpet from $161.00 to $163.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. DA Davidson lifted their price target on Freshpet from $183.00 to $189.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Robert W. Baird lifted their price target on Freshpet from $157.00 to $170.00 and gave the company an “outperform” rating in a research report on Tuesday, November 5th. Stifel Nicolaus cut their price objective on Freshpet from $165.00 to $155.00 and set a “buy” rating for the company in a research report on Friday, February 21st. Finally, Citigroup dropped their price target on Freshpet from $155.00 to $142.00 and set a “neutral” rating for the company in a research report on Wednesday, February 12th. 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. According to data from MarketBeat.com, Freshpet currently has an average rating of “Moderate Buy” and a consensus price target of $156.47.

About Freshpet

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.