Freshpet, Inc. (NASDAQ:FRPT) Shares Sold by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. lessened its position in shares of Freshpet, Inc. (NASDAQ:FRPT) by 7.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,700 shares of the company’s stock after selling 800 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Freshpet were worth $1,327,000 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 the company. ORG Wealth Partners LLC acquired a new position in Freshpet in the 3rd quarter worth about $29,000. ORG Partners LLC purchased a new position in shares of Freshpet during the 2nd quarter valued at approximately $32,000. GAMMA Investing LLC grew its stake in 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 acquiring an additional 108 shares during the period. Benjamin F. Edwards & Company Inc. increased its holdings in Freshpet by 3,670.0% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 377 shares of the company’s stock worth $49,000 after acquiring an additional 367 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. purchased a new position in Freshpet during the second quarter valued at $52,000.

Insiders Place Their Bets

In other Freshpet news, EVP Stephen Macchiaverna sold 2,178 shares of the company’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $140.01, for a total transaction of $304,941.78. Following the sale, the executive vice president now owns 86,039 shares in the company, valued at $12,046,320.39. This represents a 2.47 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Thembeka Machaba sold 2,500 shares of Freshpet stock in a transaction dated 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 owned by company insiders.

Freshpet Stock Performance

NASDAQ:FRPT opened at $150.00 on Friday. Freshpet, Inc. has a fifty-two week low of $68.14 and a fifty-two week high of $159.12. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.91 and a current ratio of 4.72. The company has a 50 day moving average price of $140.98 and a 200 day moving average price of $131.97. The stock has a market capitalization of $7.28 billion, a P/E ratio of 168.54 and a beta of 1.39.

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

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on FRPT shares. TD Cowen upped their price target on shares of Freshpet from $160.00 to $174.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Stifel Nicolaus raised their target price on Freshpet from $155.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. 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. Robert W. Baird raised their price objective on Freshpet from $157.00 to $170.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. Finally, Truist Financial upped their target price on shares of Freshpet from $160.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $157.80.

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.