Inceptionr LLC Boosts Stock Holdings in Freshpet, Inc. $FRPT

Inceptionr LLC raised its position in shares of Freshpet, Inc. (NASDAQ:FRPT) by 89.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,339 shares of the company’s stock after purchasing an additional 3,472 shares during the period. Inceptionr LLC’s holdings in Freshpet were worth $499,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of FRPT. Banque Transatlantique SA purchased a new position in shares of Freshpet during the 1st quarter valued at $25,000. WPG Advisers LLC purchased a new stake in Freshpet during the first quarter valued at about $34,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in Freshpet during the second quarter worth about $35,000. Blue Trust Inc. boosted its position in Freshpet by 100.7% during the second quarter. Blue Trust Inc. now owns 833 shares of the company’s stock worth $57,000 after purchasing an additional 418 shares during the period. Finally, GAMMA Investing LLC increased its stake in shares of Freshpet by 283.7% in the second quarter. GAMMA Investing LLC now owns 1,458 shares of the company’s stock worth $99,000 after purchasing an additional 1,078 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on FRPT. Jefferies Financial Group reissued a “hold” rating and issued a $56.00 price target on shares of Freshpet in a research report on Tuesday, November 4th. Bank of America reissued a “neutral” rating and set a $60.00 price objective (down previously from $81.00) on shares of Freshpet in a report on Wednesday, October 8th. Wall Street Zen raised Freshpet from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Zacks Research upgraded Freshpet from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 18th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Freshpet from $70.00 to $62.00 and set a “neutral” rating for the company in a research note on Thursday, October 23rd. Six research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $84.43.

Insider Transactions at Freshpet

In other news, Director Timothy R. Mclevish acquired 3,500 shares of the business’s stock in a transaction dated Wednesday, September 10th. The stock was purchased at an average cost of $56.00 per share, for a total transaction of $196,000.00. Following the acquisition, the director owned 35,290 shares of the company’s stock, valued at $1,976,240. This trade represents a 11.01% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jacki Sue Kelley acquired 814 shares of Freshpet stock in a transaction dated Tuesday, September 9th. The shares were purchased at an average price of $56.50 per share, for a total transaction of $45,991.00. Following the completion of the transaction, the director directly owned 11,907 shares in the company, valued at approximately $672,745.50. The trade was a 7.34% increase in their position. The SEC filing for this purchase provides additional information. In the last three months, insiders bought 6,008 shares of company stock worth $332,305. 4.43% of the stock is currently owned by company insiders.

Freshpet Trading Up 0.8%

Shares of Freshpet stock opened at $56.26 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 5.52 and a quick ratio of 4.61. Freshpet, Inc. has a 1 year low of $46.76 and a 1 year high of $164.07. The firm has a market cap of $2.75 billion, a PE ratio of 24.57, a PEG ratio of 0.76 and a beta of 1.76. The company has a 50 day simple moving average of $53.11 and a two-hundred day simple moving average of $63.58.

Freshpet (NASDAQ:FRPT) last posted its quarterly earnings data on Monday, November 3rd. The company reported $1.86 earnings per share for the quarter, beating the consensus estimate of $0.43 by $1.43. Freshpet had a net margin of 11.44% and a return on equity of 5.73%. The firm had revenue of $288.85 million for the quarter, compared to analysts’ expectations of $283.73 million. During the same quarter last year, the company posted $0.24 EPS. The business’s quarterly revenue was up 14.0% on a year-over-year basis. Analysts expect that Freshpet, Inc. will post 1.55 earnings per share for the current fiscal year.

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.