National Bank of Canada FI Has $49,000 Stake in Freshpet, Inc. (NASDAQ:FRPT)

National Bank of Canada FI reduced its holdings in Freshpet, Inc. (NASDAQ:FRPTFree Report) by 28.2% during the 3rd quarter, Holdings Channel reports. The fund owned 359 shares of the company’s stock after selling 141 shares during the quarter. National Bank of Canada FI’s holdings in Freshpet were worth $49,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of FRPT. Transcendent Capital Group LLC bought a new stake in shares of Freshpet during the third quarter worth $1,465,000. Geneva Capital Management LLC grew its holdings 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 acquiring an additional 52,584 shares during the last quarter. Great Lakes Advisors LLC acquired a new stake in Freshpet in the 2nd quarter valued at about $4,299,000. Charles Schwab Investment Management Inc. raised its stake in shares of Freshpet by 54.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 439,681 shares of the company’s stock worth $60,135,000 after acquiring an additional 154,909 shares during the last quarter. Finally, AMI Asset Management Corp acquired a new position in shares of Freshpet during the second quarter worth approximately $397,000.

Freshpet Stock Performance

FRPT stock opened at $146.38 on Wednesday. Freshpet, Inc. has a 1-year low of $82.16 and a 1-year high of $160.91. The company has a current ratio of 4.72, a quick ratio of 3.91 and a debt-to-equity ratio of 0.41. The firm has a market cap of $7.10 billion, a PE ratio of 164.47 and a beta of 1.41. The business’s 50-day moving average price is $146.84 and its two-hundred day moving average price is $136.53.

Freshpet (NASDAQ:FRPTGet Free Report) last released its quarterly earnings data on Monday, November 4th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.10. The business had revenue of $253.40 million for the quarter, compared to analysts’ expectations of $248.36 million. Freshpet had a return on equity of 3.67% and a net margin of 4.75%. Freshpet’s revenue for the quarter was up 26.3% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.15) EPS. As a group, research analysts forecast that Freshpet, Inc. will post 0.9 earnings per share for the current year.

Insider Buying and Selling at Freshpet

In other Freshpet news, insider Thembeka Machaba sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $153.85, for a total value of $384,625.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, President Scott James Morris sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The stock was 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. This represents a 3.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,500 shares of company stock valued at $1,962,175 in the last 90 days. 3.70% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Oppenheimer raised their price target on shares of Freshpet from $155.00 to $180.00 and gave the company an “outperform” rating in a report on Thursday, November 14th. Truist Financial lifted their target price on Freshpet from $160.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. DA Davidson upped their price target on Freshpet from $183.00 to $189.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. JPMorgan Chase & Co. lifted their price objective on Freshpet from $126.00 to $154.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Finally, Wells Fargo & Company upped their target price on shares of Freshpet from $157.00 to $175.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $157.80.

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Freshpet Profile

(Free Report)

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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Institutional Ownership by Quarter for Freshpet (NASDAQ:FRPT)

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