Newbridge Financial Services Group Inc. purchased a new position in Freshpet, Inc. (NASDAQ:FRPT – Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 400 shares of the company’s stock, valued at approximately $59,000.
A number of other large investors have also made changes to their positions in FRPT. ORG Wealth Partners LLC acquired a new position in Freshpet during the third quarter valued at $29,000. Geneos Wealth Management Inc. lifted its stake in shares of Freshpet by 302.0% in the 4th quarter. Geneos Wealth Management Inc. now owns 201 shares of the company’s stock valued at $30,000 after purchasing an additional 151 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in Freshpet during the third quarter valued at about $32,000. R Squared Ltd acquired a new stake in shares of Freshpet in the fourth quarter worth about $39,000. Finally, Brooklyn Investment Group bought a new stake in shares of Freshpet during the 3rd quarter worth about $54,000.
Freshpet Trading Down 11.4 %
Freshpet stock opened at $130.35 on Tuesday. The business has a 50 day moving average price of $150.26 and a two-hundred day moving average price of $142.98. 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 12 month low of $84.02 and a 12 month high of $164.07. The stock has a market cap of $6.33 billion, a price-to-earnings ratio of 146.46 and a beta of 1.42.
Insider Activity at Freshpet
Wall Street Analyst Weigh In
A number of research analysts recently weighed in on FRPT shares. Wells Fargo & Company raised their price objective on Freshpet from $157.00 to $175.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Stifel Nicolaus lifted their price target on shares of Freshpet from $155.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Benchmark reaffirmed a “buy” rating and set a $150.00 price objective on shares of Freshpet in a report on Friday, November 1st. TD Cowen lifted their target price on shares of Freshpet from $160.00 to $174.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Freshpet from $161.00 to $163.00 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, two have issued a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $163.36.
Check Out Our Latest Report on Freshpet
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.
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