2,581 Shares in Freshpet, Inc. (NASDAQ:FRPT) Purchased by Cynosure Group LLC

Cynosure Group LLC purchased a new stake in shares of Freshpet, Inc. (NASDAQ:FRPT) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 2,581 shares of the company’s stock, valued at approximately $353,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. GAMMA Investing LLC raised its holdings in shares of Freshpet by 41.1% during the second quarter. GAMMA Investing LLC now owns 371 shares of the company’s stock valued at $48,000 after acquiring an additional 108 shares in the last quarter. GLOBALT Investments LLC GA raised its holdings in Freshpet by 3.2% in the 3rd quarter. GLOBALT Investments LLC GA now owns 3,580 shares of the company’s stock worth $490,000 after purchasing an additional 111 shares in the last quarter. First Horizon Advisors Inc. lifted its position in shares of Freshpet by 23.0% in the 3rd quarter. First Horizon Advisors Inc. now owns 739 shares of the company’s stock worth $101,000 after purchasing an additional 138 shares during the period. Parkside Financial Bank & Trust boosted its stake in shares of Freshpet by 13.9% during the 2nd quarter. Parkside Financial Bank & Trust now owns 1,305 shares of the company’s stock valued at $169,000 after purchasing an additional 159 shares in the last quarter. Finally, Amalgamated Bank boosted its stake in shares of Freshpet by 6.7% during the 2nd quarter. Amalgamated Bank now owns 2,740 shares of the company’s stock valued at $355,000 after purchasing an additional 171 shares in the last quarter.

Insiders Place Their Bets

In other Freshpet news, President Scott James Morris sold 5,000 shares of the business’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $158.13, for a total transaction of $790,650.00. Following the completion of the sale, the president now directly owns 122,380 shares in the company, valued at $19,351,949.40. The trade was a 3.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Thembeka Machaba sold 2,500 shares of the stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $153.85, for a total transaction of $384,625.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,678 shares of company stock valued at $1,480,217. Company insiders own 3.70% of the company’s stock.

Freshpet Trading Down 1.7 %

Freshpet stock opened at $153.24 on Friday. Freshpet, Inc. has a one year low of $68.22 and a one year high of $160.91. The business’s fifty day moving average is $143.52 and its 200 day moving average is $134.36. The company has a debt-to-equity ratio of 0.41, a current ratio of 4.72 and a quick ratio of 3.91. The stock has a market capitalization of $7.44 billion, a PE ratio of 172.18 and a beta of 1.39.

Freshpet (NASDAQ:FRPT) last announced its quarterly 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. Freshpet had a net margin of 4.75% and a return on equity of 3.67%. The firm had revenue of $253.40 million for the quarter, compared to the consensus estimate of $248.36 million. During the same quarter last year, the firm posted ($0.15) EPS. The business’s quarterly revenue was up 26.3% compared to the same quarter last year. On average, sell-side analysts predict that Freshpet, Inc. will post 0.87 EPS for the current year.

Analyst Upgrades and Downgrades

FRPT has been the subject of a number of research reports. Stifel Nicolaus increased their price target on shares of Freshpet from $155.00 to $165.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. JPMorgan Chase & Co. raised their target price on Freshpet from $126.00 to $154.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Robert W. Baird upped their price target on Freshpet from $157.00 to $170.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 5th. Oppenheimer increased their price objective on Freshpet from $155.00 to $180.00 and gave the stock an “outperform” rating in a report on Thursday, November 14th. Finally, Truist Financial boosted their target price on shares of Freshpet from $160.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, Freshpet currently has a consensus rating of “Moderate Buy” and a consensus price target 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.