Freshpet, Inc. (NASDAQ:FRPT) Shares Acquired by LVW Advisors LLC

LVW Advisors LLC increased its position in shares of Freshpet, Inc. (NASDAQ:FRPT) by 5.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,260 shares of the company’s stock after acquiring an additional 125 shares during the quarter. LVW Advisors LLC’s holdings in Freshpet were worth $335,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of FRPT. ORG Wealth Partners LLC acquired a new position in Freshpet in the 3rd quarter valued at about $29,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Freshpet during the 3rd quarter valued at approximately $32,000. Benjamin F. Edwards & Company Inc. lifted its holdings in Freshpet by 3,670.0% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 377 shares of the company’s stock valued at $49,000 after acquiring an additional 367 shares during the last quarter. Brooklyn Investment Group purchased a new position in Freshpet in the third quarter worth approximately $54,000. Finally, Newbridge Financial Services Group Inc. acquired a new stake in Freshpet during the second quarter worth $52,000.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Truist Financial upped their price target on Freshpet from $160.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. JPMorgan Chase & Co. increased their target price on shares of Freshpet from $126.00 to $154.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. DA Davidson upped their price objective on shares of Freshpet from $183.00 to $189.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Freshpet from $161.00 to $163.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Finally, Robert W. Baird lifted their target price on shares of Freshpet from $157.00 to $170.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. One research 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.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $163.36.

Freshpet Trading Up 1.3 %

FRPT opened at $156.96 on Tuesday. 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 $7.62 billion, a price-to-earnings ratio of 176.36 and a beta of 1.41. The business has a fifty day moving average price of $149.91 and a 200 day moving average price of $139.69. Freshpet, Inc. has a 12 month low of $83.77 and a 12 month high of $160.91.

Freshpet (NASDAQ:FRPT) last released its earnings results on Monday, November 4th. The company reported $0.24 earnings per share for the quarter, topping 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 analyst estimates of $248.36 million. During the same period in the prior year, the firm earned ($0.15) earnings per share. The business’s quarterly revenue was up 26.3% compared to the same quarter last year. Sell-side analysts expect that Freshpet, Inc. will post 0.9 earnings per share for the current fiscal year.

Insider Transactions at Freshpet

In other Freshpet news, President Scott James Morris sold 5,000 shares of the firm’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $158.13, for a total value of $790,650.00. Following the sale, the president now directly owns 122,380 shares in the company, valued at $19,351,949.40. This trade represents a 3.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Thembeka Machaba sold 2,500 shares of the company’s stock in a transaction dated Thursday, November 7th. The stock was 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. In the last three months, insiders sold 12,500 shares of company stock valued at $1,962,175. 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.