38,146 Shares in Freshpet, Inc. $FRPT Bought by Trillium Asset Management LLC

Trillium Asset Management LLC bought a new stake in shares of Freshpet, Inc. (NASDAQ:FRPT) in the second quarter, Holdings Channel reports. The fund bought 38,146 shares of the company’s stock, valued at approximately $2,255,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FRPT. Optimize Financial Inc raised its stake in shares of Freshpet by 1.4% during the 4th quarter. Optimize Financial Inc now owns 10,957 shares of the company’s stock valued at $668,000 after buying an additional 156 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its stake in shares of Freshpet by 1.5% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 11,164 shares of the company’s stock worth $680,000 after buying an additional 161 shares during the last quarter. Parallel Advisors LLC boosted its stake in shares of Freshpet by 55.0% in the third quarter. Parallel Advisors LLC now owns 555 shares of the company’s stock worth $31,000 after buying an additional 197 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in Freshpet by 32.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 882 shares of the company’s stock worth $53,000 after acquiring an additional 214 shares during the period. Finally, Ossiam raised its position in Freshpet by 81.1% during the second quarter. Ossiam now owns 509 shares of the company’s stock valued at $35,000 after acquiring an additional 228 shares in the last quarter.

Insider Activity at Freshpet

In other news, CEO William B. Cyr sold 41,022 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $72.86, for a total value of $2,988,862.92. Following the transaction, the chief executive officer owned 267,152 shares in the company, valued at $19,464,694.72. This trade represents a 13.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 4.30% of the stock is owned by insiders.

Freshpet Price Performance

Shares of NASDAQ FRPT opened at $73.96 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 5.03 and a current ratio of 6.05. The firm has a fifty day moving average of $60.58 and a 200 day moving average of $62.78. The firm has a market cap of $3.63 billion, a PE ratio of 19.46 and a beta of 1.61. Freshpet, Inc. has a one year low of $46.45 and a one year high of $86.00.

Freshpet (NASDAQ:FRPT) last announced its earnings results on Wednesday, August 5th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.17. The business had revenue of $305.59 million for the quarter, compared to analyst estimates of $292.35 million. Freshpet had a net margin of 17.28% and a return on equity of 5.97%. The company’s revenue for the quarter was up 15.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.33 earnings per share. As a group, research analysts predict that Freshpet, Inc. will post 1.73 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on FRPT shares. JPMorgan Chase & Co. upped their price objective on Freshpet from $68.00 to $72.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 28th. Piper Sandler reiterated an “overweight” rating on shares of Freshpet in a research note on Tuesday, August 11th. Weiss Ratings downgraded shares of Freshpet from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, June 1st. Bank of America dropped their price target on shares of Freshpet from $75.00 to $70.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 1st. Finally, Benchmark reiterated a “buy” rating on shares of Freshpet in a research report on Wednesday. Ten investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $75.31.

Freshpet Company Profile

Freshpet Inc (NASDAQ: FRPT) is a leading pet food company specializing in fresh, refrigerated meals and treats for dogs and cats. The company’s products are formulated with carefully selected, natural ingredients and are designed to offer a higher level of nutrition and freshness than traditional dry or canned pet foods. Freshpet’s offerings include refrigerated rolls, pâtés and snacks, all of which are sold through the refrigerated section of grocery, mass-market and pet specialty stores.

Freshpet’s product portfolio is built around the concept of fresh, minimally processed recipes that do not require preservatives or artificial colors.