Wrapmanager Inc. Decreases Holdings in Freshpet, Inc. (NASDAQ:FRPT)

Wrapmanager Inc. trimmed its holdings in shares of Freshpet, Inc. (NASDAQ:FRPT) by 6.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,565 shares of the company’s stock after selling 108 shares during the period. Wrapmanager Inc.’s holdings in Freshpet were worth $232,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in FRPT. IFP Advisors Inc purchased a new position in Freshpet in the 4th quarter valued at about $43,000. First Horizon Advisors Inc. boosted its position in Freshpet by 21.4% in the 4th quarter. First Horizon Advisors Inc. now owns 897 shares of the company’s stock valued at $133,000 after buying an additional 158 shares during the last quarter. Sigma Planning Corp boosted its position in Freshpet by 3.1% in the 4th quarter. Sigma Planning Corp now owns 5,376 shares of the company’s stock valued at $796,000 after buying an additional 161 shares during the last quarter. Arcadia Investment Management Corp MI purchased a new position in Freshpet in the 4th quarter valued at about $110,000. Finally, First Bank & Trust boosted its position in Freshpet by 16.8% in the 4th quarter. First Bank & Trust now owns 4,622 shares of the company’s stock valued at $685,000 after buying an additional 666 shares during the last quarter.

Insider Buying and Selling at Freshpet

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

Analyst Ratings Changes

FRPT has been the subject of a number of analyst reports. JPMorgan Chase & Co. upped their price objective on shares of Freshpet from $126.00 to $154.00 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. Robert W. Baird upped 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, November 5th. Citigroup reduced their price target on shares of Freshpet from $155.00 to $142.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 12th. DA Davidson increased their price target on shares of Freshpet from $183.00 to $189.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Finally, Oppenheimer reduced their price target on shares of Freshpet from $180.00 to $140.00 and set an “outperform” rating on the stock in a research report on Monday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $156.47.

Freshpet Price Performance

FRPT opened at $107.04 on Wednesday. The firm has a market cap of $5.21 billion, a price-to-earnings ratio of 113.87 and a beta of 1.42. Freshpet, Inc. has a fifty-two week low of $97.48 and a fifty-two week high of $164.07. The company’s 50-day moving average price is $143.97 and its 200 day moving average price is $142.83. 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 released its quarterly earnings data on Thursday, February 20th. The company reported $0.36 earnings per share for the quarter, hitting the consensus estimate of $0.36. The firm had revenue of $262.71 million for the quarter, compared to analyst estimates of $275.46 million. Freshpet had a net margin of 4.81% and a return on equity of 3.92%. As a group, sell-side analysts expect that Freshpet, Inc. will post 1.55 earnings per share for the current year.

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.