Xact Kapitalforvaltning AB bought a new stake in Freshpet Inc (NASDAQ:FRPT) during the first quarter, Holdings Channel reports. The institutional investor bought 5,500 shares of the company’s stock, valued at approximately $233,000.

Other large investors also recently added to or reduced their stakes in the company. Advisor Group Inc. increased its holdings in shares of Freshpet by 1,008.8% in the first quarter. Advisor Group Inc. now owns 632 shares of the company’s stock valued at $26,000 after purchasing an additional 575 shares during the period. Great West Life Assurance Co. Can acquired a new position in shares of Freshpet in the fourth quarter valued at approximately $58,000. NumerixS Investment Technologies Inc acquired a new position in shares of Freshpet in the first quarter valued at approximately $120,000. SG Americas Securities LLC acquired a new position in shares of Freshpet in the first quarter valued at approximately $140,000. Finally, Quantamental Technologies LLC acquired a new position in shares of Freshpet in the first quarter valued at approximately $190,000. 86.75% of the stock is currently owned by institutional investors and hedge funds.

In related news, VP Stephen Macchiaverna sold 10,000 shares of the company’s stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $47.05, for a total transaction of $470,500.00. Following the transaction, the vice president now owns 82,938 shares of the company’s stock, valued at $3,902,232.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Richard A. Kassar sold 55,509 shares of the company’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $47.78, for a total value of $2,652,220.02. Following the transaction, the chief financial officer now directly owns 184,463 shares in the company, valued at approximately $8,813,642.14. The disclosure for this sale can be found here. Insiders have sold 159,104 shares of company stock worth $7,618,780 in the last ninety days. 5.10% of the stock is currently owned by corporate insiders.

A number of research analysts have recently issued reports on the company. Zacks Investment Research raised Freshpet from a “strong sell” rating to a “hold” rating and set a $51.00 target price on the stock in a report on Monday, May 6th. BidaskClub lowered Freshpet from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 11th. TheStreet lowered Freshpet from a “b” rating to a “c” rating in a report on Monday, April 1st. Imperial Capital reissued an “in-line” rating and issued a $40.00 target price (up previously from $35.00) on shares of Freshpet in a report on Monday, March 4th. Finally, Credit Suisse Group set a $36.00 target price on Freshpet and gave the company a “neutral” rating in a report on Tuesday, March 5th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $40.00.

Shares of FRPT stock opened at $47.62 on Friday. Freshpet Inc has a 1-year low of $24.35 and a 1-year high of $49.41. The firm has a market cap of $1.71 billion, a P/E ratio of -317.47 and a beta of 1.22. The company has a current ratio of 1.08, a quick ratio of 0.72 and a debt-to-equity ratio of 0.07.

Freshpet (NASDAQ:FRPT) last announced its quarterly earnings data on Monday, May 6th. The company reported ($0.10) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.09) by ($0.01). Freshpet had a negative return on equity of 4.46% and a negative net margin of 2.57%. The business had revenue of $54.80 million for the quarter, compared to analyst estimates of $54.28 million. During the same period in the prior year, the company earned ($0.10) EPS. The company’s revenue was up 26.9% on a year-over-year basis. Equities analysts predict that Freshpet Inc will post 0.08 EPS for the current fiscal year.

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Freshpet Profile

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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Institutional Ownership by Quarter for Freshpet (NASDAQ:FRPT)

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