B. Metzler seel. Sohn & Co. Holding AG Makes New Investment in Freshpet, Inc. (NASDAQ:FRPT)

B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Freshpet, Inc. (NASDAQ:FRPT) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 34,736 shares of the company’s stock, valued at approximately $4,751,000. B. Metzler seel. Sohn & Co. Holding AG owned about 0.07% of Freshpet as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of FRPT. WCM Investment Management LLC grew its position in shares of Freshpet by 749.7% in the 3rd quarter. WCM Investment Management LLC now owns 2,771,377 shares of the company’s stock valued at $376,187,000 after buying an additional 2,445,199 shares during the last quarter. Driehaus Capital Management LLC increased its position in Freshpet by 24.4% during the 2nd quarter. Driehaus Capital Management LLC now owns 721,288 shares of the company’s stock valued at $93,327,000 after purchasing an additional 141,615 shares during the period. M&G Plc bought a new position in Freshpet during the 2nd quarter worth approximately $8,892,000. Renaissance Technologies LLC acquired a new position in shares of Freshpet in the 2nd quarter worth approximately $8,902,000. Finally, Price T Rowe Associates Inc. MD increased its position in shares of Freshpet by 199.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 98,924 shares of the company’s stock worth $11,462,000 after buying an additional 65,868 shares during the period.

Insider Activity at Freshpet

In related news, EVP Stephen Macchiaverna sold 2,178 shares of the business’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $140.01, for a total value of $304,941.78. Following the transaction, the executive vice president now directly owns 86,039 shares of the company’s stock, valued at approximately $12,046,320.39. The trade was a 2.47 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Thembeka Machaba sold 2,500 shares of Freshpet 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 disclosure for this sale can be found here. 3.70% of the stock is owned by insiders.

Wall Street Analyst Weigh In

FRPT has been the topic of a number of research analyst reports. TD Cowen upped their price target on shares of Freshpet from $160.00 to $174.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. JPMorgan Chase & Co. raised their target price on Freshpet from $126.00 to $154.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft increased their price target on Freshpet from $161.00 to $163.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. DA Davidson lifted their price objective on shares of Freshpet from $183.00 to $189.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Finally, Truist Financial increased their target price on shares of Freshpet from $160.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $157.80.

Freshpet Stock Up 3.9 %

FRPT stock opened at $156.38 on Wednesday. The firm has a market capitalization of $7.59 billion, a PE ratio of 175.71 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. Freshpet, Inc. has a twelve month low of $68.22 and a twelve month high of $159.12. The stock’s 50 day moving average is $141.68 and its 200-day moving average is $132.98.

Freshpet (NASDAQ:FRPT) last issued its quarterly earnings data on Monday, November 4th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.10. Freshpet had a return on equity of 3.67% and a net margin of 4.75%. The business had revenue of $253.40 million for the quarter, compared to analysts’ expectations of $248.36 million. During the same period last year, the business earned ($0.15) EPS. The business’s revenue was up 26.3% on a year-over-year basis. Sell-side analysts expect that Freshpet, Inc. will post 0.87 EPS for the current fiscal year.

Freshpet Company 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.