Two Sigma Advisers LP Lowers Position in Freshpet, Inc. (NASDAQ:FRPT)

Two Sigma Advisers LP trimmed its position in Freshpet, Inc. (NASDAQ:FRPT) by 36.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 162,300 shares of the company’s stock after selling 91,700 shares during the period. Two Sigma Advisers LP owned 0.33% of Freshpet worth $22,198,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in FRPT. GAMMA Investing LLC increased its stake in shares of Freshpet by 41.1% in the 2nd quarter. GAMMA Investing LLC now owns 371 shares of the company’s stock worth $48,000 after acquiring an additional 108 shares in the last quarter. CWM LLC boosted its position in shares of Freshpet by 65.9% in the 2nd quarter. CWM LLC now owns 496 shares of the company’s stock worth $64,000 after purchasing an additional 197 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Freshpet in the 2nd quarter worth approximately $3,964,000. M&G Plc bought a new position in Freshpet during the 2nd quarter valued at approximately $8,892,000. Finally, ORG Partners LLC bought a new stake in Freshpet in the second quarter worth $32,000.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. DA Davidson raised their price target on Freshpet from $183.00 to $189.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. Benchmark reiterated a “buy” rating and issued a $150.00 target price on shares of Freshpet in a research note on Friday, November 1st. Oppenheimer increased their price target on shares of Freshpet from $155.00 to $180.00 and gave the company an “outperform” rating in a report on Thursday, November 14th. JPMorgan Chase & Co. upped their price objective on Freshpet from $126.00 to $154.00 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. Finally, Wells Fargo & Company lifted their target price on Freshpet from $157.00 to $175.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $157.80.

Freshpet Stock Performance

Shares of FRPT opened at $154.37 on Friday. The business has a 50-day simple moving average of $145.64 and a two-hundred day simple moving average of $135.74. The company has a quick ratio of 3.91, a current ratio of 4.72 and a debt-to-equity ratio of 0.41. Freshpet, Inc. has a 52 week low of $71.98 and a 52 week high of $160.91. The stock has a market cap of $7.49 billion, a price-to-earnings ratio of 173.45 and a beta of 1.41.

Freshpet (NASDAQ:FRPT) last released its earnings results on Monday, November 4th. The company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.10. The company had revenue of $253.40 million for the quarter, compared to analysts’ expectations of $248.36 million. Freshpet had a net margin of 4.75% and a return on equity of 3.67%. The firm’s revenue was up 26.3% compared to the same quarter last year. During the same quarter last year, the business earned ($0.15) EPS. On average, analysts expect that Freshpet, Inc. will post 0.9 EPS for the current year.

Insider Activity at Freshpet

In other Freshpet news, President Scott James Morris sold 5,000 shares of the stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $158.13, for a total transaction of $790,650.00. Following the completion of the sale, the president now directly owns 122,380 shares of the company’s stock, valued at $19,351,949.40. This trade represents a 3.93 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Thembeka Machaba sold 2,500 shares of the business’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $153.85, for a total transaction of $384,625.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 12,500 shares of company stock worth $1,962,175. 3.70% of the stock is owned by corporate insiders.

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.