Williamson Legacy Group LLC Purchases 112 Shares of Freshpet, Inc. (NASDAQ:FRPT)

Williamson Legacy Group LLC increased its holdings in Freshpet, Inc. (NASDAQ:FRPT) by 1.6% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,903 shares of the company’s stock after buying an additional 112 shares during the period. Williamson Legacy Group LLC’s holdings in Freshpet were worth $1,022,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Private Advisor Group LLC raised its position in Freshpet by 29.7% during the third quarter. Private Advisor Group LLC now owns 2,316 shares of the company’s stock valued at $317,000 after purchasing an additional 531 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in shares of Freshpet during the third quarter valued at about $795,000. Pallas Capital Advisors LLC bought a new position in shares of Freshpet during the third quarter valued at about $265,000. Farther Finance Advisors LLC grew its stake in shares of Freshpet by 12.7% during the third quarter. Farther Finance Advisors LLC now owns 2,277 shares of the company’s stock valued at $311,000 after buying an additional 257 shares during the last quarter. Finally, M&G PLC grew its stake in shares of Freshpet by 2.9% during the third quarter. M&G PLC now owns 70,957 shares of the company’s stock valued at $9,721,000 after buying an additional 2,027 shares during the last quarter.

Freshpet Stock Down 0.1 %

FRPT stock opened at $107.03 on Friday. Freshpet, Inc. has a fifty-two week low of $97.48 and a fifty-two week high of $164.07. The business’s 50 day moving average price is $142.61 and its two-hundred day moving average price is $142.33. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.91 and a current ratio of 4.72. The company has a market capitalization of $5.21 billion, a price-to-earnings ratio of 113.86 and a beta of 1.42.

Freshpet (NASDAQ:FRPT) last posted its earnings results on Thursday, February 20th. The company reported $0.36 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.36. Freshpet had a return on equity of 3.92% and a net margin of 4.81%. The firm had revenue of $262.71 million for the quarter, compared to the consensus estimate of $275.46 million. As a group, analysts forecast that Freshpet, Inc. will post 1.55 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, President Scott James Morris sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $157.38, for a total value of $786,900.00. Following the sale, the president now directly owns 122,380 shares of the company’s stock, valued at $19,260,164.40. The trade was a 3.93 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 3.70% of the company’s stock.

Analyst Ratings Changes

FRPT has been the topic of a number of recent research reports. TD Cowen raised their price objective on Freshpet from $160.00 to $174.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Oppenheimer cut their target price on Freshpet from $180.00 to $140.00 and set an “outperform” rating on the stock in a research note on Monday, February 24th. Stifel Nicolaus reduced their price target on Freshpet from $165.00 to $155.00 and set a “buy” rating on the stock in a report on Friday, February 21st. Robert W. Baird boosted their price target on Freshpet from $157.00 to $170.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Freshpet from $161.00 to $163.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $156.47.

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.