Geneva Capital Management LLC grew its holdings in shares of Freshpet, Inc. (NASDAQ:FRPT - Free Report) by 166.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 84,221 shares of the company's stock after purchasing an additional 52,584 shares during the period. Geneva Capital Management LLC owned about 0.17% of Freshpet worth $11,519,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of FRPT. GAMMA Investing LLC boosted its stake in shares of Freshpet by 41.1% in the 2nd quarter. GAMMA Investing LLC now owns 371 shares of the company's stock valued at $48,000 after buying an additional 108 shares during the period. Parkside Financial Bank & Trust raised its holdings in shares of Freshpet by 13.9% in 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. Amalgamated Bank lifted its position in shares of Freshpet by 6.7% during the 2nd quarter. Amalgamated Bank now owns 2,740 shares of the company's stock worth $355,000 after purchasing an additional 171 shares during the last quarter. CWM LLC grew its stake in shares of Freshpet by 65.9% during the second quarter. CWM LLC now owns 496 shares of the company's stock worth $64,000 after purchasing an additional 197 shares in the last quarter. Finally, ORG Wealth Partners LLC purchased a new position in Freshpet in the third quarter valued at $29,000.
In related news, EVP Stephen Macchiaverna sold 2,178 shares of Freshpet stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $140.01, for a total transaction of $304,941.78. Following the completion of the transaction, the executive vice president now directly owns 86,039 shares in the company, valued at $12,046,320.39. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, EVP Stephen Macchiaverna sold 2,178 shares of the business's stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 86,039 shares of the company's stock, valued at $12,046,320.39. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Thembeka Machaba sold 2,500 shares of the stock in a transaction 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. 3.70% of the stock is currently owned by company insiders.
FRPT has been the subject of several analyst reports. Citigroup upped their price objective on Freshpet from $124.00 to $129.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 17th. StockNews.com upgraded shares of Freshpet from a "sell" rating to a "hold" rating in a research report on Tuesday. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Freshpet from $161.00 to $163.00 and gave the stock a "buy" rating in a research note on Tuesday, November 5th. JPMorgan Chase & Co. raised their price target on Freshpet from $126.00 to $154.00 and gave the stock a "neutral" rating in a research note on Tuesday, November 5th. Finally, Benchmark reiterated a "buy" rating and issued a $150.00 price objective on shares of Freshpet in a research note on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, Freshpet presently has an average rating of "Moderate Buy" and an average target price of $156.13.
View Our Latest Research Report on FRPT
FRPT stock opened at $155.08 on Wednesday. The firm has a 50 day moving average of $140.13 and a 200-day moving average of $131.39. The company has a market cap of $7.53 billion, a price-to-earnings ratio of 174.25 and a beta of 1.39. The company has a current ratio of 4.72, a quick ratio of 3.91 and a debt-to-equity ratio of 0.41. Freshpet, Inc. has a 12-month low of $66.36 and a 12-month high of $159.12.
Freshpet (NASDAQ:FRPT - Get Free Report) last posted its earnings results on Monday, November 4th. The company reported $0.24 EPS for the quarter, topping analysts' consensus estimates of $0.14 by $0.10. Freshpet had a return on equity of 3.67% and a net margin of 4.75%. The company had revenue of $253.40 million for the quarter, compared to the consensus estimate of $248.36 million. During the same period in the previous year, the business earned ($0.15) earnings per share. Freshpet's quarterly revenue was up 26.3% compared to the same quarter last year. As a group, equities analysts expect that Freshpet, Inc. will post 0.87 EPS for the current fiscal year.
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.
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