Freshpet, Inc. $FRPT Shares Sold by Gilder Gagnon Howe & Co. LLC

Gilder Gagnon Howe & Co. LLC trimmed its holdings in Freshpet, Inc. (NASDAQ:FRPT) by 6.1% in the second quarter, Holdings Channel.com reports. The institutional investor owned 1,319,639 shares of the company’s stock after selling 85,980 shares during the quarter. Freshpet comprises 1.0% of Gilder Gagnon Howe & Co. LLC’s investment portfolio, making the stock its 29th largest holding. Gilder Gagnon Howe & Co. LLC’s holdings in Freshpet were worth $89,683,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Banque Transatlantique SA acquired a new position in Freshpet in the 1st quarter valued at about $25,000. WPG Advisers LLC acquired a new position in shares of Freshpet in the first quarter valued at approximately $34,000. EverSource Wealth Advisors LLC increased its holdings in shares of Freshpet by 1,388.2% in the second quarter. EverSource Wealth Advisors LLC now owns 506 shares of the company’s stock valued at $34,000 after purchasing an additional 472 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in shares of Freshpet during the second quarter worth approximately $35,000. Finally, Ossiam lifted its holdings in shares of Freshpet by 81.1% during the second quarter. Ossiam now owns 509 shares of the company’s stock worth $35,000 after purchasing an additional 228 shares during the period.

Insider Transactions at Freshpet

In other Freshpet news, President Scott James Morris sold 63,135 shares of the business’s stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $55.21, for a total transaction of $3,485,683.35. Following the sale, the president directly owned 160,476 shares in the company, valued at approximately $8,859,879.96. The trade was a 28.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 4.43% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Bank of America reissued a “neutral” rating and issued a $60.00 price objective (down from $81.00) on shares of Freshpet in a research note on Wednesday, October 8th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Freshpet in a research note on Monday. Stifel Nicolaus reduced their price objective on shares of Freshpet from $90.00 to $65.00 and set a “buy” rating for the company in a research report on Friday, October 24th. Truist Financial lowered their price objective on Freshpet from $70.00 to $50.00 and set a “hold” rating on the stock in a report on Tuesday, November 4th. Finally, Jefferies Financial Group reissued a “hold” rating and set a $56.00 target price on shares of Freshpet in a research note on Tuesday, November 4th. Six analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $84.43.

Freshpet Stock Up 0.8%

FRPT stock opened at $63.42 on Friday. The company has a current ratio of 5.52, a quick ratio of 4.61 and a debt-to-equity ratio of 0.36. The company’s 50-day moving average price is $55.28 and its 200 day moving average price is $61.86. Freshpet, Inc. has a 52 week low of $46.76 and a 52 week high of $164.07. The company has a market cap of $3.10 billion, a P/E ratio of 27.69, a P/E/G ratio of 0.85 and a beta of 1.72.

Freshpet (NASDAQ:FRPT) last posted its quarterly earnings results on Monday, November 3rd. The company reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $1.43. The company had revenue of $288.85 million during the quarter, compared to the consensus estimate of $283.73 million. Freshpet had a net margin of 11.44% and a return on equity of 5.73%. The company’s revenue for the quarter was up 14.0% on a year-over-year basis. During the same period last year, the firm earned $0.24 EPS. On average, research analysts expect that Freshpet, Inc. will post 1.55 earnings per share for the current fiscal year.

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.