Geneva Capital Management LLC Sells 402 Shares of Freshpet, Inc. (NASDAQ:FRPT)

Geneva Capital Management LLC decreased its holdings in Freshpet, Inc. (NASDAQ:FRPT) by 1.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,275 shares of the company’s stock after selling 402 shares during the period. Geneva Capital Management LLC owned about 0.07% of Freshpet worth $3,971,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of FRPT. Johnson Financial Group Inc. bought a new stake in Freshpet in the 4th quarter worth about $29,000. GAMMA Investing LLC lifted its holdings in Freshpet by 100.8% in the first quarter. GAMMA Investing LLC now owns 263 shares of the company’s stock valued at $30,000 after acquiring an additional 132 shares during the period. Blue Bell Private Wealth Management LLC bought a new stake in shares of Freshpet during the 1st quarter valued at about $36,000. Quarry LP purchased a new position in shares of Freshpet in the fourth quarter worth approximately $40,000. Finally, Whittier Trust Co. bought a new stake in Freshpet during the first quarter valued at approximately $41,000.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on FRPT shares. Stifel Nicolaus increased their price target on shares of Freshpet from $115.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. DA Davidson lifted their target price on Freshpet from $138.00 to $153.00 and gave the company a “buy” rating in a research report on Tuesday, May 7th. Oppenheimer boosted their price target on Freshpet from $135.00 to $155.00 and gave the company an “outperform” rating in a report on Tuesday, June 25th. TD Cowen raised their price objective on Freshpet from $128.00 to $143.00 and gave the stock a “buy” rating in a research note on Tuesday, May 7th. Finally, Deutsche Bank Aktiengesellschaft began coverage on Freshpet in a research note on Thursday, May 23rd. They set a “buy” rating and a $150.00 price objective for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $131.71.

Freshpet Price Performance

Shares of FRPT stock traded up $5.45 during trading hours on Thursday, hitting $127.39. The stock had a trading volume of 847,334 shares, compared to its average volume of 608,158. The company has a debt-to-equity ratio of 0.43, a current ratio of 4.97 and a quick ratio of 4.09. The stock has a market capitalization of $6.17 billion, a price-to-earnings ratio of 688.04 and a beta of 1.36. Freshpet, Inc. has a one year low of $54.60 and a one year high of $136.35. The stock’s 50-day moving average price is $127.27 and its two-hundred day moving average price is $108.95.

Freshpet (NASDAQ:FRPT) last released its quarterly earnings data on Monday, May 6th. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.43. The business had revenue of $223.85 million for the quarter, compared to the consensus estimate of $216.43 million. Freshpet had a return on equity of 0.20% and a net margin of 1.19%. Equities analysts forecast that Freshpet, Inc. will post 0.54 EPS for the current year.

Insider Activity at Freshpet

In other Freshpet news, EVP Stephen Macchiaverna sold 6,548 shares of Freshpet stock in a transaction on Friday, May 10th. The shares were sold at an average price of $120.15, for a total value of $786,742.20. Following the completion of the transaction, the executive vice president now directly owns 86,039 shares of the company’s stock, valued at approximately $10,337,585.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold a total of 13,560 shares of company stock valued at $1,701,580 over the last 90 days. 3.60% of the stock is owned by corporate insiders.

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.