Freshpet, Inc. (NASDAQ:FRPT) Shares Bought by Zions Bancorporation N.A.

Zions Bancorporation N.A. raised its position in Freshpet, Inc. (NASDAQ:FRPT) by 18.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 13,606 shares of the company’s stock after purchasing an additional 2,121 shares during the period. Zions Bancorporation N.A.’s holdings in Freshpet were worth $1,861,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. ORG Wealth Partners LLC acquired a new stake in Freshpet in the third quarter valued at $29,000. ORG Partners LLC acquired a new stake in Freshpet in the second quarter valued at $32,000. GAMMA Investing LLC grew its holdings in Freshpet by 41.1% in the second quarter. GAMMA Investing LLC now owns 371 shares of the company’s stock valued at $48,000 after purchasing an additional 108 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its holdings in Freshpet by 3,670.0% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 377 shares of the company’s stock valued at $49,000 after purchasing an additional 367 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. acquired a new stake in Freshpet in the second quarter valued at $52,000.

Freshpet Stock Performance

Freshpet stock opened at $150.83 on Friday. The stock’s 50-day moving average is $140.68 and its 200-day moving average is $131.68. The company has a market cap of $7.32 billion, a price-to-earnings ratio of 169.47 and a beta of 1.39. The company has a debt-to-equity ratio of 0.41, a current ratio of 4.72 and a quick ratio of 3.91. Freshpet, Inc. has a 12 month low of $68.14 and a 12 month high of $159.12.

Freshpet (NASDAQ:FRPT) last released its quarterly earnings data on Monday, November 4th. The company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.10. The company had revenue of $253.40 million for the quarter, compared to the consensus estimate of $248.36 million. Freshpet had a return on equity of 3.67% and a net margin of 4.75%. The company’s quarterly revenue was up 26.3% compared to the same quarter last year. During the same period last year, the business posted ($0.15) EPS. Equities analysts anticipate that Freshpet, Inc. will post 0.87 earnings per share for the current year.

Insider Transactions at Freshpet

In other news, EVP Stephen Macchiaverna sold 2,178 shares of the stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $140.01, for a total value of $304,941.78. Following the completion of the sale, the executive vice president now owns 86,039 shares in the company, valued at approximately $12,046,320.39. This trade represents a 2.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Thembeka Machaba sold 2,500 shares of the stock in a transaction dated 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. Company insiders own 3.70% of the company’s stock.

Wall Street Analyst Weigh In

FRPT has been the topic of a number of analyst reports. Robert W. Baird increased their price objective on Freshpet from $157.00 to $170.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. Stifel Nicolaus increased their price objective on Freshpet from $155.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. StockNews.com raised Freshpet from a “sell” rating to a “hold” rating in a research note on Tuesday. DA Davidson increased their price objective on Freshpet from $183.00 to $189.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Freshpet from $161.00 to $163.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, Freshpet currently has a consensus rating of “Moderate Buy” and an average target price of $157.80.

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.