Dynamic Technology Lab Private Ltd Purchases 795 Shares of Freshpet, Inc. (NASDAQ:FRPT)

Dynamic Technology Lab Private Ltd grew its holdings in Freshpet, Inc. (NASDAQ:FRPT) by 12.9% during the 3rd quarter, Holdings Channel reports. The firm owned 6,943 shares of the company’s stock after purchasing an additional 795 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Freshpet were worth $949,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. WCM Investment Management LLC lifted its holdings in Freshpet by 749.7% in the third 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 period. Dimensional Fund Advisors LP raised its position in shares of Freshpet by 2.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 923,507 shares of the company’s stock valued at $119,492,000 after acquiring an additional 22,759 shares during the last quarter. Driehaus Capital Management LLC lifted its stake in shares of Freshpet by 24.4% in 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. Charles Schwab Investment Management Inc. boosted its position in shares of Freshpet by 54.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 439,681 shares of the company’s stock worth $60,135,000 after purchasing an additional 154,909 shares during the last quarter. Finally, TimesSquare Capital Management LLC grew its stake in shares of Freshpet by 38.2% during the third quarter. TimesSquare Capital Management LLC now owns 199,592 shares of the company’s stock worth $27,298,000 after purchasing an additional 55,200 shares during the period.

Freshpet Stock Performance

Shares of FRPT opened at $153.24 on Thursday. The stock has a market capitalization of $7.44 billion, a price-to-earnings ratio of 172.18 and a beta of 1.39. Freshpet, Inc. has a 12 month low of $68.22 and a 12 month high of $160.91. The firm has a fifty day simple moving average of $143.27 and a 200 day simple moving average of $134.22. The company has a current ratio of 4.72, a quick ratio of 3.91 and a debt-to-equity ratio of 0.41.

Freshpet (NASDAQ:FRPT) last announced 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. The company had revenue of $253.40 million during the quarter, compared to analysts’ expectations of $248.36 million. Freshpet had a return on equity of 3.67% and a net margin of 4.75%. Freshpet’s revenue for the quarter was up 26.3% compared to the same quarter last year. During the same quarter last year, the company earned ($0.15) EPS. Research analysts forecast that Freshpet, Inc. will post 0.87 EPS for the current fiscal year.

Insider Buying and Selling at Freshpet

In other news, President Scott James Morris sold 5,000 shares of Freshpet 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 completion of the transaction, the president now 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 legal filing with the SEC, which is available at this link. Also, insider Thembeka Machaba sold 2,500 shares of the company’s stock in a transaction dated Thursday, November 7th. The shares were 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. Insiders sold a total of 9,678 shares of company stock worth $1,480,217 over the last ninety days. 3.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. StockNews.com cut Freshpet from a “hold” rating to a “sell” rating in a report on Wednesday, November 20th. Oppenheimer lifted their price objective 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. Stifel Nicolaus upped their target price on shares of Freshpet from $155.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Robert W. Baird lifted their price target on shares of Freshpet from $157.00 to $170.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. Finally, DA Davidson upped their price objective on shares of Freshpet from $183.00 to $189.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $157.80.

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.