FDx Advisors Inc. lifted its holdings in Freshpet (NASDAQ:FRPT) by 16.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,464 shares of the company’s stock after acquiring an additional 2,709 shares during the period. FDx Advisors Inc. owned approximately 0.06% of Freshpet worth $320,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Virtu Financial LLC acquired a new stake in shares of Freshpet in the fourth quarter worth $246,000. Tokio Marine Asset Management Co. Ltd. acquired a new stake in shares of Freshpet in the fourth quarter worth $311,000. California Public Employees Retirement System acquired a new stake in shares of Freshpet in the fourth quarter worth $357,000. Brighton Jones LLC increased its position in shares of Freshpet by 31.9% in the fourth quarter. Brighton Jones LLC now owns 19,526 shares of the company’s stock worth $370,000 after acquiring an additional 4,723 shares in the last quarter. Finally, Two Sigma Advisers LP increased its position in shares of Freshpet by 234.0% in the fourth quarter. Two Sigma Advisers LP now owns 47,100 shares of the company’s stock worth $893,000 after acquiring an additional 33,000 shares in the last quarter. 74.46% of the stock is owned by institutional investors.
In other Freshpet news, VP Stephen Macchiaverna sold 4,946 shares of the stock in a transaction on Thursday, May 10th. The shares were sold at an average price of $20.50, for a total transaction of $101,393.00. Following the transaction, the vice president now directly owns 73,884 shares in the company, valued at approximately $1,514,622. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Scott James Morris sold 10,000 shares of the stock in a transaction on Friday, May 11th. The shares were sold at an average price of $20.80, for a total transaction of $208,000.00. Following the transaction, the chief operating officer now owns 207,798 shares in the company, valued at $4,322,198.40. The disclosure for this sale can be found here. 6.80% of the stock is currently owned by corporate insiders.
Shares of Freshpet opened at $21.75 on Friday, Marketbeat.com reports. Freshpet has a twelve month low of $20.75 and a twelve month high of $20.90.
Freshpet (NASDAQ:FRPT) last announced its earnings results on Monday, May 7th. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.03). The firm had revenue of $43.20 million during the quarter, compared to analysts’ expectations of $42.06 million. Freshpet had a negative net margin of 2.97% and a negative return on equity of 4.35%. Freshpet’s revenue for the quarter was up 25.2% compared to the same quarter last year. During the same quarter last year, the company posted ($0.09) earnings per share. sell-side analysts forecast that Freshpet will post -0.03 EPS for the current fiscal year.
Several equities research analysts have recently issued reports on the stock. BidaskClub raised shares of Freshpet from a “sell” rating to a “hold” rating in a research report on Friday. Zacks Investment Research raised shares of Freshpet from a “sell” rating to a “hold” rating in a research report on Wednesday, May 9th. Susquehanna Bancshares set a $17.00 price objective on shares of Freshpet and gave the stock a “hold” rating in a research report on Tuesday, May 8th. ValuEngine raised shares of Freshpet from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, May 2nd. Finally, Imperial Capital restated an “in-line” rating and issued a $18.00 target price (up from $16.50) on shares of Freshpet in a research note on Friday, March 9th. Six research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $20.00.
Freshpet, Inc manufactures and markets natural fresh products, refrigerated meals, and treats for dogs and cats in the United States, Canada, and the United Kingdom. The company sells its products under the Freshpet brand; and Dognation and Dog Joy labels through various classes of retail, including grocery, mass, club, pet specialty, and natural, as well as online.
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