Loomis Sayles & Co. L P Boosts Stake in Freshpet Inc (FRPT)
Loomis Sayles & Co. L P grew its position in Freshpet Inc (NASDAQ:FRPT) by 27.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 513,135 shares of the company’s stock after purchasing an additional 110,926 shares during the quarter. Loomis Sayles & Co. L P’s holdings in Freshpet were worth $18,832,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Engineers Gate Manager LP grew its position in Freshpet by 13.2% during the third quarter. Engineers Gate Manager LP now owns 28,750 shares of the company’s stock worth $1,055,000 after buying an additional 3,363 shares in the last quarter. Bank of New York Mellon Corp grew its position in Freshpet by 13.3% during the second quarter. Bank of New York Mellon Corp now owns 778,054 shares of the company’s stock worth $21,357,000 after buying an additional 91,592 shares in the last quarter. Nisa Investment Advisors LLC grew its position in Freshpet by 550.7% during the third quarter. Nisa Investment Advisors LLC now owns 65,069 shares of the company’s stock worth $2,388,000 after buying an additional 55,069 shares in the last quarter. BlackRock Inc. grew its position in Freshpet by 10.1% during the second quarter. BlackRock Inc. now owns 1,679,807 shares of the company’s stock worth $46,110,000 after buying an additional 153,678 shares in the last quarter. Finally, Victory Capital Management Inc. acquired a new stake in Freshpet during the third quarter worth approximately $23,920,000. 73.03% of the stock is currently owned by institutional investors.
NASDAQ FRPT opened at $32.51 on Friday. Freshpet Inc has a fifty-two week low of $15.67 and a fifty-two week high of $40.58. The firm has a market cap of $1.13 billion, a price-to-earnings ratio of -270.92 and a beta of 1.50.
FRPT has been the topic of a number of analyst reports. BidaskClub raised Freshpet from a “buy” rating to a “strong-buy” rating in a research report on Friday, October 12th. Imperial Capital increased their price target on Freshpet from $18.00 to $35.00 and gave the stock an “in-line” rating in a research report on Tuesday, November 6th. Zacks Investment Research downgraded Freshpet from a “hold” rating to a “sell” rating in a research report on Tuesday, November 6th. Finally, Credit Suisse Group increased their price target on Freshpet from $26.00 to $32.00 and gave the stock a “hold” rating in a research report on Monday, August 13th. One research analyst has rated the stock with a sell rating, four have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Freshpet has a consensus rating of “Hold” and a consensus target price of $29.57.
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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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