Headlands Technologies LLC Sells 1,444 Shares of Freshpet, Inc. (NASDAQ:FRPT)

Headlands Technologies LLC cut its holdings in Freshpet, Inc. (NASDAQ:FRPT) by 56.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,093 shares of the company’s stock after selling 1,444 shares during the period. Headlands Technologies LLC’s holdings in Freshpet were worth $95,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. SG Americas Securities LLC increased its stake in shares of Freshpet by 44.3% in the 3rd quarter. SG Americas Securities LLC now owns 8,585 shares of the company’s stock valued at $566,000 after acquiring an additional 2,637 shares in the last quarter. Raymond James & Associates raised its holdings in shares of Freshpet by 7.9% during the third quarter. Raymond James & Associates now owns 15,777 shares of the company’s stock valued at $1,039,000 after purchasing an additional 1,153 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Freshpet by 6.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,254,061 shares of the company’s stock worth $82,617,000 after purchasing an additional 73,393 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Freshpet by 22.5% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,986 shares of the company’s stock worth $658,000 after purchasing an additional 1,837 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new stake in shares of Freshpet in the 3rd quarter valued at about $3,164,000.

Insiders Place Their Bets

In other news, COO Scott James Morris sold 3,632 shares of Freshpet stock in a transaction on Friday, March 15th. The shares were sold at an average price of $109.86, for a total transaction of $399,011.52. Following the completion of the sale, the chief operating officer now directly owns 122,380 shares of the company’s stock, valued at approximately $13,444,666.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Freshpet news, EVP Stephen Macchiaverna sold 7,130 shares of the stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $108.53, for a total transaction of $773,818.90. Following the transaction, the executive vice president now directly owns 85,056 shares in the company, valued at $9,231,127.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Scott James Morris sold 3,632 shares of Freshpet stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $109.86, for a total transaction of $399,011.52. Following the transaction, the chief operating officer now directly owns 122,380 shares in the company, valued at $13,444,666.80. The disclosure for this sale can be found here. Insiders sold a total of 15,762 shares of company stock valued at $1,737,280 in the last quarter. Corporate insiders own 3.60% of the company’s stock.

Freshpet Stock Up 1.3 %

Shares of Freshpet stock opened at $107.75 on Tuesday. The company’s 50-day moving average price is $108.46 and its 200-day moving average price is $87.68. The company has a debt-to-equity ratio of 0.44, a current ratio of 4.79 and a quick ratio of 4.08. Freshpet, Inc. has a 12-month low of $54.60 and a 12-month high of $117.76.

Freshpet (NASDAQ:FRPT) last released its quarterly earnings results on Monday, February 26th. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.22. The firm had revenue of $215.40 million for the quarter, compared to analysts’ expectations of $204.93 million. Freshpet had a negative net margin of 4.38% and a negative return on equity of 3.56%. The business’s quarterly revenue was up 29.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.06) earnings per share. As a group, research analysts expect that Freshpet, Inc. will post 0.07 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have commented on the stock. StockNews.com upgraded shares of Freshpet to a “sell” rating in a research note on Wednesday, April 24th. JPMorgan Chase & Co. boosted their target price on shares of Freshpet from $67.00 to $102.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 27th. Piper Sandler raised their price target on shares of Freshpet from $100.00 to $130.00 and gave the company an “overweight” rating in a research report on Tuesday, February 27th. Citigroup assumed coverage on Freshpet in a research note on Thursday, February 1st. They set a “neutral” rating and a $94.00 price target for the company. Finally, Stifel Nicolaus increased their price objective on Freshpet from $115.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, April 11th. One research analyst has rated the stock with a sell rating, three have given a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $107.36.

About Freshpet

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.