Freshpet, Inc. (NASDAQ:FRPT) Shares Bought by Entropy Technologies LP

Entropy Technologies LP boosted its position in shares of Freshpet, Inc. (NASDAQ:FRPT) by 34.3% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 4,309 shares of the company’s stock after acquiring an additional 1,101 shares during the quarter. Entropy Technologies LP’s holdings in Freshpet were worth $589,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FRPT. WCM Investment Management LLC raised its stake in shares of Freshpet by 749.7% during the 3rd quarter. WCM Investment Management LLC now owns 2,771,377 shares of the company’s stock valued at $376,187,000 after buying an additional 2,445,199 shares during the last quarter. Versor Investments LP purchased a new position in shares of Freshpet during the 3rd quarter valued at about $300,000. TimesSquare Capital Management LLC raised its stake in shares of Freshpet by 38.2% during the 3rd quarter. TimesSquare Capital Management LLC now owns 199,592 shares of the company’s stock valued at $27,298,000 after buying an additional 55,200 shares during the last quarter. Transcendent Capital Group LLC purchased a new position in shares of Freshpet during the 3rd quarter valued at about $1,465,000. Finally, Atria Investments Inc raised its stake in shares of Freshpet by 5.5% during the 3rd quarter. Atria Investments Inc now owns 5,049 shares of the company’s stock valued at $691,000 after buying an additional 265 shares during the last quarter.

Analysts Set New Price Targets

A number of research firms have weighed in on FRPT. StockNews.com upgraded Freshpet from a “sell” rating to a “hold” rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft lifted their price objective on Freshpet from $161.00 to $163.00 and gave the company a “buy” rating in a research note 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 note on Tuesday, November 5th. TD Cowen lifted their price target on Freshpet from $160.00 to $174.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Finally, Wells Fargo & Company lifted their price target on Freshpet from $157.00 to $175.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $157.80.

Freshpet Trading Down 1.9 %

Shares of Freshpet stock opened at $150.83 on Friday. The stock has a market cap of $7.32 billion, a P/E ratio of 169.47 and a beta of 1.39. The stock’s 50 day simple moving average is $140.68 and its 200-day simple moving average is $131.68. Freshpet, Inc. has a 1-year low of $68.14 and a 1-year high of $159.12. 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 issued its earnings results on Monday, November 4th. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.10. The business had revenue of $253.40 million for 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 for the quarter was up 26.3% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.15) EPS. Analysts predict that Freshpet, Inc. will post 0.87 EPS for the current fiscal year.

Insider Transactions at Freshpet

In related 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 value of $304,941.78. Following the transaction, the executive vice president now directly owns 86,039 shares in the company, valued at approximately $12,046,320.39. This represents a 2.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Thembeka Machaba sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The shares were 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. 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.