8,400 Freshpet, Inc. $FRPT Shares Bought by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al boosted its stake in shares of Freshpet, Inc. (NASDAQ:FRPT – Free Report) by 59.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,600 shares of the company’s stock after buying an additional 8,400 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Freshpet were worth $1,301,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. Global Retirement Partners LLC purchased a new position in shares of Freshpet in the 2nd quarter valued at $25,000. Laurel Wealth Advisors LLC bought a new position in shares of Freshpet in the 3rd quarter worth $30,000. Integrated Wealth Concepts LLC bought a new position in shares of Freshpet in the 2nd quarter worth $34,000. State of Wyoming purchased a new stake in shares of Freshpet during the 2nd quarter worth $61,000. Finally, Versant Capital Management Inc lifted its stake in shares of Freshpet by 254.8% during the 2nd quarter. Versant Capital Management Inc now owns 1,689 shares of the company’s stock worth $100,000 after purchasing an additional 1,213 shares during the last quarter.

More Freshpet News

Here are the key news stories impacting Freshpet this week:

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Wells Fargo & Company dropped their price objective on Freshpet from $82.00 to $77.00 and set an “overweight” rating on the stock in a research report on Monday, October 5th. DA Davidson reduced their target price on shares of Freshpet from $101.00 to $95.00 and set a “buy” rating for the company in a report on Thursday, August 6th. Stifel Nicolaus increased their price target on shares of Freshpet from $66.00 to $78.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Needham & Company LLC assumed coverage on shares of Freshpet in a report on Thursday, October 1st. They issued a “hold” rating on the stock. Finally, TD Cowen lowered their price target on shares of Freshpet from $85.00 to $80.00 and set a “buy” rating on the stock in a report on Tuesday, October 13th. Nine equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $79.62.

Read Our Latest Research Report on FRPT

Freshpet Stock Performance

Shares of FRPT opened at $71.29 on Thursday. Freshpet, Inc. has a 12 month low of $46.45 and a 12 month high of $86.00. The stock has a fifty day moving average price of $64.91 and a 200-day moving average price of $63.93. The company has a current ratio of 6.05, a quick ratio of 5.03 and a debt-to-equity ratio of 0.34. The firm has a market cap of $3.50 billion, a PE ratio of 18.76 and a beta of 1.75.

Freshpet (NASDAQ:FRPT – Get Free Report) last posted its quarterly earnings data on Wednesday, November 4th. The company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.19. Freshpet had a return on equity of 5.97% and a net margin of 17.28%. The firm had revenue of $317.84 million during the quarter, compared to analysts’ expectations of $312.02 million. During the same quarter last year, the firm earned $1.86 EPS. The business’s quarterly revenue was up 10.1% on a year-over-year basis. Equities research analysts predict that Freshpet, Inc. will post 1.25 earnings per share for the current fiscal year.

Insider Transactions at Freshpet

In other Freshpet news, CEO William Cyr sold 2,657 shares of the stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $75.40, for a total value of $200,337.80. Following the completion of the sale, the chief executive officer directly owned 49,044 shares in the company, valued at approximately $3,697,917.60. This trade represents a 5.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Walter George purchased 1,000 shares of the stock in a transaction on Monday, September 14th. The stock was acquired at an average cost of $64.92 per share, with a total value of $64,920.00. Following the acquisition, the director owned 51,746 shares of the company’s stock, valued at approximately $3,359,350.32. This represents a 1.97% increase in their position. The SEC filing for this purchase provides additional information. Over the last quarter, insiders sold 171,636 shares of company stock valued at $12,754,864. 4.30% of the stock is currently owned by company insiders.

Freshpet Profile

(Free Report)

Freshpet, Inc (NASDAQ: FRPT) is a pet food company that develops, manufactures and markets refrigerated, fresh food and treats for dogs and cats. Its products are made with animal proteins, vegetables and other ingredients and are designed to be stored in the refrigerator rather than on a conventional shelf.

The company sells its products under the Freshpet brand and related product lines, including Freshpet Select and Vital. Its offerings include refrigerated meals, rolls, recipes and treats formulated for different pet sizes, ages and dietary needs.

See Also

Institutional Ownership by Quarter for Freshpet (NASDAQ:FRPT)

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