International Assets Investment Management LLC Buys Shares of 5,639 Freshpet, Inc. (NASDAQ:FRPT)

International Assets Investment Management LLC acquired a new position in Freshpet, Inc. (NASDAQ:FRPT) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 5,639 shares of the company’s stock, valued at approximately $489,000.

A number of other institutional investors have also recently made changes to their positions in FRPT. RiverPark Advisors LLC acquired a new stake in shares of Freshpet in the 3rd quarter worth $28,000. Washington Trust Advisors Inc. boosted its position in shares of Freshpet by 617.3% in the 4th quarter. Washington Trust Advisors Inc. now owns 581 shares of the company’s stock worth $50,000 after purchasing an additional 500 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in shares of Freshpet in the 3rd quarter worth $59,000. Pathstone Family Office LLC acquired a new stake in shares of Freshpet in the 3rd quarter worth $206,000. Finally, CenterBook Partners LP acquired a new stake in Freshpet during the 3rd quarter worth about $221,000.

Insider Buying and Selling

In related news, COO Scott James Morris sold 3,632 shares of the company’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $109.86, for a total value of $399,011.52. Following the completion of the transaction, the chief operating officer now 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 the SEC website. In other Freshpet news, EVP Stephen Macchiaverna sold 7,130 shares of the stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $108.53, for a total transaction of $773,818.90. Following the completion of the transaction, the executive vice president now owns 85,056 shares of the company’s stock, valued at $9,231,127.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Scott James Morris sold 3,632 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $109.86, for a total value of $399,011.52. Following the transaction, the chief operating officer now directly owns 122,380 shares of the company’s stock, valued at approximately $13,444,666.80. The disclosure for this sale can be found here. In the last 90 days, insiders sold 15,762 shares of company stock valued at $1,737,280. 3.60% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. StockNews.com upgraded Freshpet to a “sell” rating in a research note on Wednesday. Truist Financial upgraded Freshpet from a “hold” rating to a “buy” rating and boosted their price target for the company from $120.00 to $135.00 in a research note on Monday, March 11th. Oppenheimer boosted their price target on Freshpet from $100.00 to $115.00 and gave the company an “outperform” rating in a research note on Friday, February 16th. Piper Sandler boosted their price target on Freshpet from $100.00 to $130.00 and gave the company an “overweight” rating in a research note on Tuesday, February 27th. Finally, Stifel Nicolaus boosted their price target on Freshpet from $115.00 to $135.00 and gave the company 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 given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $107.36.

Freshpet Stock Performance

NASDAQ FRPT opened at $104.98 on Friday. The stock has a market capitalization of $5.07 billion, a price-to-earnings ratio of -145.23 and a beta of 1.23. Freshpet, Inc. has a twelve month low of $54.60 and a twelve month high of $117.76. The company has a current ratio of 4.79, a quick ratio of 4.08 and a debt-to-equity ratio of 0.44. The stock has a 50-day moving average of $107.45 and a 200 day moving average of $86.68.

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 analysts’ consensus estimates of $0.09 by $0.22. The company had revenue of $215.40 million during the quarter, compared to analysts’ expectations of $204.93 million. Freshpet had a negative return on equity of 3.56% and a negative net margin of 4.38%. Freshpet’s quarterly revenue was up 29.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.06) EPS. Sell-side analysts anticipate that Freshpet, Inc. will post 0.07 EPS 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.