E. Ohman J or Asset Management AB Sells 1,100 Shares of Freshpet, Inc. (NASDAQ:FRPT)

E. Ohman J or Asset Management AB decreased its stake in shares of Freshpet, Inc. (NASDAQ:FRPT) by 9.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 10,970 shares of the company’s stock after selling 1,100 shares during the period. E. Ohman J or Asset Management AB’s holdings in Freshpet were worth $1,625,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. ORG Wealth Partners LLC acquired a new position in shares of Freshpet in the third quarter valued at approximately $29,000. Geneos Wealth Management Inc. boosted its stake in Freshpet by 302.0% in the 4th quarter. Geneos Wealth Management Inc. now owns 201 shares of the company’s stock valued at $30,000 after purchasing an additional 151 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in Freshpet in the 3rd quarter valued at $32,000. R Squared Ltd bought a new position in Freshpet during the 4th quarter worth $39,000. Finally, Brooklyn Investment Group acquired a new stake in shares of Freshpet during the third quarter worth $54,000.

Insider Buying and Selling at Freshpet

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on FRPT shares. Truist Financial raised their price target on shares of Freshpet from $160.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. TD Cowen lifted 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. Benchmark reissued a “buy” rating and set a $150.00 price target on shares of Freshpet in a research report on Friday, November 1st. Wells Fargo & Company lifted their price objective on Freshpet from $157.00 to $175.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Finally, JPMorgan Chase & Co. increased their target price on Freshpet from $126.00 to $154.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. 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’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $163.36.

Freshpet Price Performance

FRPT stock opened at $155.62 on Wednesday. The stock has a market cap of $7.55 billion, a price-to-earnings ratio of 174.86 and a beta of 1.42. The company has a debt-to-equity ratio of 0.41, a current ratio of 4.72 and a quick ratio of 3.91. The company has a 50 day simple moving average of $151.03 and a 200 day simple moving average of $142.25. Freshpet, Inc. has a 1 year low of $84.02 and a 1 year high of $164.07.

Freshpet (NASDAQ:FRPT) last issued its quarterly earnings data 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. Freshpet had a net margin of 4.75% and a return on equity of 3.67%. The business had revenue of $253.40 million during the quarter, compared to analyst estimates of $248.36 million. During the same quarter last year, the business earned ($0.15) EPS. The firm’s quarterly revenue was up 26.3% on a year-over-year basis. Research analysts anticipate that Freshpet, Inc. will post 0.9 EPS for the current fiscal year.

About Freshpet

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.