Wolverine Asset Management LLC Sells 1,977 Shares of Freshpet, Inc. (NASDAQ:FRPT)

Wolverine Asset Management LLC lessened its stake in Freshpet, Inc. (NASDAQ:FRPT) by 11.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 15,654 shares of the company’s stock after selling 1,977 shares during the quarter. Wolverine Asset Management LLC’s holdings in Freshpet were worth $2,319,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. WCM Investment Management LLC raised its holdings in shares of Freshpet by 4.0% in the 4th quarter. WCM Investment Management LLC now owns 2,881,855 shares of the company’s stock worth $430,809,000 after purchasing an additional 110,478 shares during the period. Geode Capital Management LLC raised its holdings in shares of Freshpet by 4.7% in the 3rd quarter. Geode Capital Management LLC now owns 835,663 shares of the company’s stock worth $115,650,000 after purchasing an additional 37,287 shares during the period. Charles Schwab Investment Management Inc. raised its holdings 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 period. Allspring Global Investments Holdings LLC raised its holdings in shares of Freshpet by 198.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 381,385 shares of the company’s stock worth $55,065,000 after purchasing an additional 253,679 shares during the period. Finally, TimesSquare Capital Management LLC raised its holdings in shares of Freshpet by 21.8% in the 4th quarter. TimesSquare Capital Management LLC now owns 243,187 shares of the company’s stock worth $36,018,000 after purchasing an additional 43,595 shares during the period.

Freshpet Stock Down 5.8 %

Shares of NASDAQ:FRPT opened at $100.26 on Friday. Freshpet, Inc. has a 52-week low of $89.15 and a 52-week high of $164.07. The firm has a fifty day moving average of $145.55 and a 200 day moving average of $142.91. The firm has a market capitalization of $4.87 billion, a PE ratio of 112.65 and a beta of 1.42. 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 (NASDAQ:FRPT) last announced its earnings results on Thursday, February 20th. The company reported $0.36 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.36. Freshpet had a net margin of 4.75% and a return on equity of 3.67%. The company had revenue of $262.71 million during the quarter, compared to analyst estimates of $275.46 million. As a group, research analysts anticipate that Freshpet, Inc. will post 0.89 EPS for the current fiscal year.

Insider Buying and Selling

In related news, President Scott James Morris sold 5,000 shares of the company’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $157.38, for a total value of $786,900.00. Following the completion of the transaction, the president now directly owns 122,380 shares in the company, valued at approximately $19,260,164.40. The trade was a 3.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.70% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Wells Fargo & Company lowered their target price on shares of Freshpet from $170.00 to $142.00 and set an “overweight” rating on the stock in a report on Friday. Oppenheimer boosted their target price on shares of Freshpet from $155.00 to $180.00 and gave the company an “outperform” rating in a report on Thursday, November 14th. Citigroup lowered their target price on shares of Freshpet from $155.00 to $142.00 and set a “neutral” rating on the stock in a report on Wednesday, February 12th. Stifel Nicolaus lowered their target price on shares of Freshpet from $165.00 to $155.00 and set a “buy” rating on the stock in a report on Friday. Finally, Robert W. Baird boosted their target price on shares of Freshpet from $157.00 to $170.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $161.93.

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.