Freshpet, Inc. (NASDAQ:FRPT) Holdings Decreased by Eagle Asset Management Inc.

Eagle Asset Management Inc. reduced its stake in shares of Freshpet, Inc. (NASDAQ:FRPT) by 16.0% in the third quarter, Holdings Channel.com reports. The institutional investor owned 656,153 shares of the company’s stock after selling 125,007 shares during the period. Eagle Asset Management Inc.’s holdings in Freshpet were worth $89,742,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. GAMMA Investing LLC grew its stake in Freshpet by 41.1% during the 2nd quarter. GAMMA Investing LLC now owns 371 shares of the company’s stock worth $48,000 after buying an additional 108 shares during the last quarter. GLOBALT Investments LLC GA grew its stake in Freshpet by 3.2% during the 3rd quarter. GLOBALT Investments LLC GA now owns 3,580 shares of the company’s stock worth $490,000 after buying an additional 111 shares during the last quarter. First Horizon Advisors Inc. boosted its position in Freshpet by 23.0% during the 3rd quarter. First Horizon Advisors Inc. now owns 739 shares of the company’s stock worth $101,000 after acquiring an additional 138 shares during the period. Parkside Financial Bank & Trust boosted its position in Freshpet by 13.9% during the 2nd quarter. Parkside Financial Bank & Trust now owns 1,305 shares of the company’s stock worth $169,000 after acquiring an additional 159 shares during the period. Finally, Amalgamated Bank boosted its position in Freshpet by 6.7% during the 2nd quarter. Amalgamated Bank now owns 2,740 shares of the company’s stock worth $355,000 after acquiring an additional 171 shares during the period.

Insider Buying and Selling

In other news, insider Thembeka Machaba sold 2,500 shares of the firm’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $153.85, for a total transaction of $384,625.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Stephen Macchiaverna sold 2,178 shares of the firm’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $140.01, for a total value of $304,941.78. Following the sale, the executive vice president now directly owns 86,039 shares of the company’s stock, valued at $12,046,320.39. This trade represents a 2.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.70% of the company’s stock.

Freshpet Stock Up 2.3 %

Shares of Freshpet stock opened at $156.57 on Friday. The stock’s fifty day moving average is $141.99 and its 200-day moving average is $133.12. The firm has a market capitalization of $7.60 billion, a PE ratio of 175.92 and a beta of 1.39. 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, Inc. has a 12-month low of $68.22 and a 12-month high of $159.12.

Freshpet (NASDAQ:FRPT) last announced its earnings results on Monday, November 4th. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.10. The company had revenue of $253.40 million for the quarter, compared to analyst estimates of $248.36 million. Freshpet had a return on equity of 3.67% and a net margin of 4.75%. Freshpet’s revenue for the quarter was up 26.3% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.15) earnings per share. Equities analysts anticipate that Freshpet, Inc. will post 0.87 earnings per share for the current year.

Analyst Upgrades and Downgrades

FRPT has been the subject of a number of analyst reports. Truist Financial boosted their price target on Freshpet from $160.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. JPMorgan Chase & Co. boosted their price target on Freshpet from $126.00 to $154.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. TD Cowen boosted their price target on Freshpet from $160.00 to $174.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. DA Davidson boosted their price target on Freshpet from $183.00 to $189.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Freshpet from $161.00 to $163.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. One investment 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. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $157.80.

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.