Landscape Capital Management L.L.C. Purchases New Stake in Freshpet, Inc. $FRPT

Landscape Capital Management L.L.C. bought a new position in shares of Freshpet, Inc. (NASDAQ:FRPTFree Report) in the 4th quarter, HoldingsChannel.com reports. The fund bought 26,644 shares of the company’s stock, valued at approximately $1,623,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FRPT. Kestra Advisory Services LLC acquired a new stake in shares of Freshpet in the fourth quarter valued at $47,000. Maverick Capital Ltd. purchased a new position in Freshpet in the fourth quarter valued at $461,000. Marshall Wace LLP lifted its holdings in Freshpet by 1,288.8% during the 4th quarter. Marshall Wace LLP now owns 390,154 shares of the company’s stock worth $23,772,000 after buying an additional 362,061 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Freshpet by 2.6% during the 4th quarter. The Manufacturers Life Insurance Company now owns 8,966 shares of the company’s stock worth $546,000 after buying an additional 230 shares during the last quarter. Finally, Segall Bryant & Hamill LLC lifted its holdings in Freshpet by 4.6% during the 4th quarter. Segall Bryant & Hamill LLC now owns 80,635 shares of the company’s stock worth $4,913,000 after buying an additional 3,538 shares during the last quarter.

Insider Transactions at Freshpet

In other news, CEO William B. Cyr sold 42,907 shares of Freshpet stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $47.92, for a total transaction of $2,056,103.44. Following the sale, the chief executive officer owned 204,585 shares of the company’s stock, valued at approximately $9,803,713.20. The trade was a 17.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Over the last quarter, insiders have bought 4,211 shares of company stock valued at $215,027 and have sold 235,262 shares valued at $11,664,591. 4.30% of the stock is owned by corporate insiders.

Freshpet Stock Up 3.5%

Shares of NASDAQ FRPT opened at $54.49 on Tuesday. The company has a market cap of $2.68 billion, a P/E ratio of 14.57 and a beta of 1.63. 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 $57.12 and a 200 day moving average price of $63.86. The company has a current ratio of 6.18, a quick ratio of 5.26 and a debt-to-equity ratio of 0.34.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on FRPT shares. DA Davidson lifted their target price on Freshpet from $98.00 to $101.00 and gave the stock a “buy” rating in a research report on Monday, April 13th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $63.00 target price on shares of Freshpet in a research report on Thursday, May 7th. JPMorgan Chase & Co. raised Freshpet from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $66.00 to $68.00 in a research note on Thursday, May 7th. TD Cowen raised Freshpet from a “hold” rating to a “buy” rating and set a $80.00 price target on the stock in a research note on Wednesday, April 8th. Finally, Wells Fargo & Company reduced their target price on Freshpet from $78.00 to $75.00 and set an “overweight” rating on the stock in a research note on Thursday, May 7th. Eleven analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $74.88.

Read Our Latest Analysis on Freshpet

Freshpet Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Freshpet (NASDAQ:FRPT)

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