Impax Asset Management Group plc Takes $4.34 Million Position in Freshpet, Inc. (NASDAQ:FRPT)

Impax Asset Management Group plc bought a new position in Freshpet, Inc. (NASDAQ:FRPT - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 50,000 shares of the company's stock, valued at approximately $4,338,000. Impax Asset Management Group plc owned 0.10% of Freshpet as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Oak Thistle LLC purchased a new position in shares of Freshpet during the 4th quarter valued at about $1,200,000. Trust Point Inc. bought a new stake in Freshpet during the 4th quarter worth approximately $963,000. William Blair Investment Management LLC lifted its holdings in Freshpet by 4.2% during the third quarter. William Blair Investment Management LLC now owns 2,740,708 shares of the company's stock valued at $180,558,000 after purchasing an additional 110,383 shares in the last quarter. Tudor Investment Corp Et Al bought a new position in shares of Freshpet in the third quarter worth approximately $5,621,000. Finally, JPMorgan Chase & Co. increased its stake in shares of Freshpet by 0.8% in the third quarter. JPMorgan Chase & Co. now owns 2,118,646 shares of the company's stock worth $139,576,000 after purchasing an additional 17,678 shares in the last quarter.

Wall Street Analysts Forecast Growth

FRPT has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. raised their price target on Freshpet from $67.00 to $102.00 and gave the company a "neutral" rating in a report on Tuesday, February 27th. Citigroup started coverage on Freshpet in a research report on Thursday, February 1st. They issued a "neutral" rating and a $94.00 target price on the stock. StockNews.com upgraded shares of Freshpet to a "sell" rating in a research report on Saturday, December 30th. TheStreet raised Freshpet from a "d+" rating to a "c-" rating in a research note on Thursday, December 21st. Finally, Piper Sandler boosted their target price on Freshpet from $100.00 to $130.00 and gave the company an "overweight" rating in a research report on Tuesday, February 27th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat.com, Freshpet currently has a consensus rating of "Moderate Buy" and an average target price of $107.36.

Freshpet Trading Down 0.2 %

FRPT traded down $0.25 during trading on Thursday, hitting $112.50. 477,634 shares of the stock were exchanged, compared to its average volume of 629,960. The company has a debt-to-equity ratio of 0.44, a quick ratio of 4.08 and a current ratio of 4.79. The firm has a 50 day simple moving average of $104.18 and a 200 day simple moving average of $83.80. The firm has a market cap of $5.43 billion, a price-to-earnings ratio of -158.80 and a beta of 1.23. Freshpet, Inc. has a 1 year low of $54.60 and a 1 year high of $117.76.

Freshpet (NASDAQ:FRPT - Get Free Report) last posted its earnings results on Monday, February 26th. The company reported $0.31 EPS for the quarter, beating analysts' consensus estimates of $0.09 by $0.22. Freshpet had a negative net margin of 4.38% and a negative return on equity of 3.56%. The business had revenue of $215.40 million for the quarter, compared to the consensus estimate of $204.93 million. During the same quarter last year, the firm posted ($0.06) EPS. The company's revenue for the quarter was up 29.9% on a year-over-year basis. As a group, equities analysts expect that Freshpet, Inc. will post 0.1 EPS for the current year.

Insider Buying and Selling at Freshpet

In other Freshpet news, EVP Stephen Macchiaverna sold 7,130 shares of the business's stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $108.53, for a total value of $773,818.90. Following the completion of the transaction, the executive vice president now directly owns 85,056 shares in the company, valued at $9,231,127.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Freshpet news, EVP Stephen Macchiaverna sold 7,130 shares of the stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $108.53, for a total value of $773,818.90. Following the completion of the sale, the executive vice president now directly owns 85,056 shares in the company, valued at $9,231,127.68. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, COO Scott James Morris sold 2,500 shares of the company's stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $113.76, for a total transaction of $284,400.00. Following the transaction, the chief operating officer now owns 122,380 shares in the company, valued at approximately $13,921,948.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,762 shares of company stock valued at $1,737,280. 3.60% of the stock is currently owned by corporate insiders.

Freshpet Company 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.