Trust Point Inc. Has $1.79 Million Stock Position in Freshpet, Inc. (NASDAQ:FRPT)

Trust Point Inc. lowered its stake in Freshpet, Inc. (NASDAQ:FRPT) by 26.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 12,060 shares of the company’s stock after selling 4,367 shares during the quarter. Trust Point Inc.’s holdings in Freshpet were worth $1,786,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in FRPT. Geneos Wealth Management Inc. raised its position in Freshpet by 302.0% during the fourth quarter. Geneos Wealth Management Inc. now owns 201 shares of the company’s stock valued at $30,000 after purchasing an additional 151 shares in the last quarter. ORG Wealth Partners LLC bought a new position in Freshpet in the 3rd quarter valued at $29,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Freshpet during the 3rd quarter worth $32,000. R Squared Ltd purchased a new position in shares of Freshpet in the fourth quarter valued at about $39,000. Finally, Brooklyn Investment Group purchased a new position in shares of Freshpet during the third quarter valued at about $54,000.

Insider Transactions at Freshpet

In other news, President Scott James Morris sold 5,000 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $157.38, for a total transaction of $786,900.00. Following the transaction, the president now owns 122,380 shares in the company, valued at approximately $19,260,164.40. This trade represents a 3.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Thembeka Machaba sold 2,500 shares of the firm’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $153.85, for a total value of $384,625.00. The disclosure for this sale can be found here. Insiders sold a total of 12,500 shares of company stock worth $1,962,175 over the last 90 days. 3.70% of the stock is owned by insiders.

Freshpet Stock Down 0.5 %

Shares of FRPT stock opened at $159.20 on Tuesday. The stock’s 50 day simple moving average is $151.04 and its 200 day simple moving average is $142.00. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.91 and a current ratio of 4.72. Freshpet, Inc. has a twelve month low of $84.02 and a twelve month high of $164.07. The company has a market capitalization of $7.73 billion, a price-to-earnings ratio of 178.88 and a beta of 1.42.

Freshpet (NASDAQ:FRPT) last released its earnings results on Monday, November 4th. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.10. The firm had revenue of $253.40 million for the quarter, compared to analyst estimates of $248.36 million. Freshpet had a return on equity of 3.67% and a net margin of 4.75%. The company’s revenue was up 26.3% on a year-over-year basis. During the same quarter last year, the firm posted ($0.15) EPS. As a group, research analysts predict that Freshpet, Inc. will post 0.9 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on FRPT shares. Wells Fargo & Company increased their price objective on shares of Freshpet from $157.00 to $175.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Benchmark reaffirmed a “buy” rating and issued a $150.00 price objective on shares of Freshpet in a research report on Friday, November 1st. JPMorgan Chase & Co. lifted their price objective on shares of Freshpet from $126.00 to $154.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. StockNews.com lowered shares of Freshpet from a “hold” rating to a “sell” rating in a report on Wednesday, November 20th. Finally, Oppenheimer upped their target price on shares of Freshpet from $155.00 to $180.00 and gave the stock an “outperform” rating in a research note on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $163.36.

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.