Rational Advisors LLC Sells 2,900 Shares of Freshpet, Inc. (NASDAQ:FRPT)

Rational Advisors LLC decreased its holdings in shares of Freshpet, Inc. (NASDAQ:FRPT) by 21.5% in the 3rd quarter, Holdings Channel reports. The firm owned 10,600 shares of the company’s stock after selling 2,900 shares during the period. Rational Advisors LLC’s holdings in Freshpet were worth $1,450,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in FRPT. ORG Wealth Partners LLC bought a new stake in Freshpet in the 3rd quarter worth $29,000. ORG Partners LLC purchased a new stake in shares of Freshpet during the second quarter valued at approximately $32,000. Whittier Trust Co. purchased a new stake in shares of Freshpet during the 1st quarter valued at about $41,000. GAMMA Investing LLC increased its position in Freshpet by 41.1% during the second quarter. GAMMA Investing LLC now owns 371 shares of the company’s stock valued at $48,000 after acquiring an additional 108 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. increased its stake in shares of Freshpet by 3,670.0% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 377 shares of the company’s stock worth $49,000 after purchasing an additional 367 shares in the last quarter.

Insider Buying and Selling

In other news, EVP Stephen Macchiaverna sold 2,178 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $140.01, for a total value of $304,941.78. Following the completion of the sale, the executive vice president now directly owns 86,039 shares of the company’s stock, valued at $12,046,320.39. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.70% of the stock is currently owned by corporate insiders.

Freshpet Price Performance

Shares of NASDAQ FRPT opened at $150.57 on Tuesday. The firm has a market capitalization of $7.30 billion, a PE ratio of 301.15 and a beta of 1.39. Freshpet, Inc. has a fifty-two week low of $65.81 and a fifty-two week high of $154.67. The company has a debt-to-equity ratio of 0.42, a quick ratio of 3.69 and a current ratio of 4.50. The stock’s 50-day simple moving average is $137.88 and its 200-day simple moving average is $129.30.

Freshpet (NASDAQ:FRPT) last announced its earnings results on Monday, August 5th. The company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.06. The business had revenue of $235.30 million during the quarter, compared to analysts’ expectations of $230.99 million. Freshpet had a net margin of 2.86% and a return on equity of 1.78%. The business’s revenue was up 28.4% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.35) earnings per share. As a group, equities research analysts forecast that Freshpet, Inc. will post 0.73 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

FRPT has been the topic of several research reports. Wells Fargo & Company lifted their target price on Freshpet from $140.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday, July 10th. TD Cowen boosted their target price on shares of Freshpet from $143.00 to $160.00 and gave the company a “buy” rating in a research report on Wednesday, September 4th. Citigroup lifted their price target on shares of Freshpet from $124.00 to $129.00 and gave the company a “neutral” rating in a research note on Wednesday, July 17th. Stifel Nicolaus upped their price target on Freshpet from $135.00 to $155.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Finally, Bank of America lifted their price target on shares of Freshpet from $140.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. One analyst has rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $145.87.

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.