739 Shares in Freshpet, Inc. (NASDAQ:FRPT) Acquired by Arcadia Investment Management Corp MI

Arcadia Investment Management Corp MI bought a new position in shares of Freshpet, Inc. (NASDAQ:FRPT) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 739 shares of the company’s stock, valued at approximately $110,000.

Other hedge funds have also added to or reduced their stakes in the company. Lecap Asset Management Ltd. acquired a new stake in Freshpet during the 4th quarter worth approximately $817,000. Geode Capital Management LLC boosted its position in Freshpet by 4.7% during the 3rd quarter. Geode Capital Management LLC now owns 835,663 shares of the company’s stock worth $115,650,000 after buying an additional 37,287 shares during the period. Transcendent Capital Group LLC acquired a new stake in Freshpet during the 3rd quarter worth approximately $1,465,000. Geneva Capital Management LLC boosted its position in Freshpet by 166.2% during the 3rd quarter. Geneva Capital Management LLC now owns 84,221 shares of the company’s stock worth $11,519,000 after buying an additional 52,584 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its holdings in Freshpet by 198.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 381,385 shares of the company’s stock worth $55,065,000 after purchasing an additional 253,679 shares during the last quarter.

Freshpet Stock Performance

NASDAQ:FRPT opened at $106.39 on Friday. The company has a fifty day moving average of $146.48 and a 200-day moving average of $143.06. The firm has a market capitalization of $5.16 billion, a P/E ratio of 119.54 and a beta of 1.42. 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 twelve month low of $87.87 and a twelve month high of $164.07.

Freshpet (NASDAQ:FRPT) last announced its quarterly earnings results on Monday, February 24th. The company reported $0.36 EPS for the quarter, meeting analysts’ consensus estimates of $0.36. Freshpet had a net margin of 4.75% and a return on equity of 3.67%. As a group, sell-side analysts anticipate that Freshpet, Inc. will post 0.89 EPS for the current year.

Wall Street Analyst Weigh In

FRPT has been the subject of several analyst reports. JPMorgan Chase & Co. raised their price target on shares of Freshpet from $126.00 to $154.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Citigroup lowered their price target on shares of Freshpet from $155.00 to $142.00 and set a “neutral” rating for the company in a report on Wednesday, February 12th. Robert W. Baird raised their price target on shares of Freshpet from $157.00 to $170.00 and gave the stock an “outperform” rating in a report on Tuesday, November 5th. StockNews.com lowered shares of Freshpet from a “hold” rating to a “sell” rating in a report on Wednesday, November 20th. Finally, Truist Financial raised their price target on shares of Freshpet from $160.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $164.29.

Insider Buying and Selling at Freshpet

In other Freshpet news, President Scott James Morris sold 5,000 shares of Freshpet stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $157.38, for a total transaction of $786,900.00. Following the transaction, the president now directly owns 122,380 shares of the company’s stock, valued at $19,260,164.40. The trade was a 3.93 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.70% of the stock is currently owned by company insiders.

Freshpet 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.