Freshpet, Inc. (NASDAQ:FRPT) Shares Sold by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. trimmed its holdings in Freshpet, Inc. (NASDAQ:FRPT) by 7.6% in the third quarter, HoldingsChannel.com reports. The firm owned 9,700 shares of the company’s stock after selling 800 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Freshpet were worth $1,327,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Zions Bancorporation N.A. grew its position in shares of Freshpet by 18.5% in the 3rd quarter. Zions Bancorporation N.A. now owns 13,606 shares of the company’s stock valued at $1,861,000 after buying an additional 2,121 shares during the last quarter. KBC Group NV grew its position in shares of Freshpet by 0.8% during the third quarter. KBC Group NV now owns 24,869 shares of the company’s stock worth $3,401,000 after acquiring an additional 186 shares during the last quarter. Geneva Capital Management LLC increased its stake in Freshpet by 166.2% in the third quarter. Geneva Capital Management LLC now owns 84,221 shares of the company’s stock valued at $11,519,000 after purchasing an additional 52,584 shares during the period. Rakuten Securities Inc. purchased a new stake in Freshpet during the 3rd quarter valued at approximately $77,000. Finally, Baillie Gifford & Co. lifted its holdings in shares of Freshpet by 2.6% during the third quarter. Baillie Gifford & Co. now owns 51,331 shares of the company’s stock worth $7,021,000 after purchasing an additional 1,318 shares during the period.

Insider Buying and Selling

In other news, insider Thembeka Machaba sold 2,500 shares of the firm’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $153.85, for a total transaction of $384,625.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Stephen Macchiaverna sold 2,178 shares of the business’s stock in a transaction dated 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 transaction, the executive vice president now owns 86,039 shares in the company, valued at approximately $12,046,320.39. This trade represents a 2.47 % decrease in their position. The disclosure for this sale can be found here. 3.70% of the stock is currently owned by corporate insiders.

Freshpet Stock Down 0.6 %

Shares of NASDAQ FRPT opened at $150.00 on Friday. The stock has a market capitalization of $7.28 billion, a PE ratio of 168.54 and a beta of 1.39. The company has a quick ratio of 3.91, a current ratio of 4.72 and a debt-to-equity ratio of 0.41. The firm has a fifty day moving average of $140.98 and a 200-day moving average of $131.97. Freshpet, Inc. has a 52-week low of $68.14 and a 52-week high of $159.12.

Freshpet (NASDAQ:FRPT) last released its quarterly earnings data on Monday, November 4th. The company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.10. Freshpet had a net margin of 4.75% and a return on equity of 3.67%. The company had revenue of $253.40 million during the quarter, compared to analyst estimates of $248.36 million. During the same quarter in the prior year, the business earned ($0.15) earnings per share. The business’s quarterly revenue was up 26.3% compared to the same quarter last year. On average, analysts anticipate that Freshpet, Inc. will post 0.87 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Oppenheimer raised their price objective on shares of Freshpet from $155.00 to $180.00 and gave the company an “outperform” rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft boosted their price target on Freshpet from $161.00 to $163.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. StockNews.com raised Freshpet from a “sell” rating to a “hold” rating in a research note on Tuesday. Benchmark reissued a “buy” rating and issued a $150.00 target price on shares of Freshpet in a report on Friday, November 1st. Finally, DA Davidson boosted their price objective on shares of Freshpet from $183.00 to $189.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $157.80.

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.