TimesSquare Capital Management LLC Acquires 55,200 Shares of Freshpet, Inc. (NASDAQ:FRPT)

TimesSquare Capital Management LLC increased its stake in Freshpet, Inc. (NASDAQ:FRPT) by 38.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 199,592 shares of the company’s stock after purchasing an additional 55,200 shares during the quarter. TimesSquare Capital Management LLC’s holdings in Freshpet were worth $27,298,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Transcendent Capital Group LLC bought a new stake in Freshpet during the 3rd quarter worth approximately $1,465,000. Atria Investments Inc increased its stake in shares of Freshpet by 5.5% in the third quarter. Atria Investments Inc now owns 5,049 shares of the company’s stock worth $691,000 after purchasing an additional 265 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in shares of Freshpet during the 3rd quarter valued at $57,000. M&G PLC lifted its stake in shares of Freshpet by 2.9% during the 3rd 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 in the last quarter. Finally, Farther Finance Advisors LLC boosted its holdings in Freshpet by 12.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,277 shares of the company’s stock worth $311,000 after buying an additional 257 shares during the period.

Freshpet Trading Up 2.1 %

FRPT stock opened at $156.45 on Friday. Freshpet, Inc. has a 12-month low of $65.85 and a 12-month high of $159.12. The business’s 50-day moving average is $139.37 and its 200 day moving average is $130.50. The company has a current ratio of 4.72, a quick ratio of 3.69 and a debt-to-equity ratio of 0.41. The stock has a market cap of $7.59 billion, a price-to-earnings ratio of 175.79 and a beta of 1.39.

Freshpet (NASDAQ:FRPT) last posted its quarterly earnings results on Monday, November 4th. The company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.14 by $0.10. The business had revenue of $253.40 million for the quarter, compared to analyst estimates 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 quarter in the previous year, the firm earned ($0.15) EPS. On average, sell-side analysts anticipate that Freshpet, Inc. will post 0.87 EPS for the current fiscal year.

Insider Activity

In other news, EVP Stephen Macchiaverna sold 2,178 shares of the firm’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $140.01, for a total value of $304,941.78. Following the sale, the executive vice president now directly owns 86,039 shares in the company, valued at approximately $12,046,320.39. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 3.70% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the company. DA Davidson increased their target price on Freshpet from $183.00 to $189.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. TD Cowen increased their price objective on shares of Freshpet from $160.00 to $174.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. Stifel Nicolaus boosted their target price on shares of Freshpet from $155.00 to $165.00 and gave the stock a “buy” rating in a report on Wednesday. Robert W. Baird raised their target price on shares of Freshpet from $157.00 to $170.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Freshpet from $161.00 to $163.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Freshpet presently has an average rating of “Moderate Buy” and an average price target of $156.13.

About Freshpet

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.