Wellington Management Group LLP raised its position in shares of Freshpet, Inc. (NASDAQ:FRPT – Free Report) by 11.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,829,688 shares of the company’s stock after buying an additional 298,460 shares during the quarter. Wellington Management Group LLP owned about 0.06% of Freshpet worth $167,291,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in FRPT. Vanguard Group Inc. raised its holdings in shares of Freshpet by 2.5% during the 4th quarter. Vanguard Group Inc. now owns 5,281,833 shares of the company’s stock worth $321,822,000 after acquiring an additional 128,499 shares in the last quarter. Wasatch Advisors LP raised its stake in Freshpet by 5.2% during the first quarter. Wasatch Advisors LP now owns 4,141,437 shares of the company’s stock valued at $244,179,000 after purchasing an additional 204,128 shares in the last quarter. William Blair Investment Management LLC grew its stake in shares of Freshpet by 30.9% in the 4th quarter. William Blair Investment Management LLC now owns 1,952,767 shares of the company’s stock worth $118,982,000 after buying an additional 461,444 shares in the last quarter. Capital World Investors lifted its holdings in shares of Freshpet by 7.1% in the 4th quarter. Capital World Investors now owns 1,587,691 shares of the company’s stock valued at $96,738,000 after acquiring an additional 104,913 shares during the last quarter. Finally, Armistice Capital LLC lifted its holdings in shares of Freshpet by 5.0% in the 4th quarter. Armistice Capital LLC now owns 1,296,000 shares of the company’s stock valued at $78,965,000 after acquiring an additional 61,198 shares during the last quarter.
Insider Buying and Selling at Freshpet
In other news, CEO William B. Cyr sold 2,657 shares of the business’s stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $75.40, for a total transaction of $200,337.80. Following the completion of the sale, the chief executive officer directly owned 49,044 shares of the company’s stock, valued at approximately $3,697,917.60. The trade was a 5.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 171,636 shares of company stock worth $12,754,864 in the last ninety days. 4.30% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
Read Our Latest Stock Report on Freshpet
Freshpet Stock Down 1.4%
Shares of NASDAQ FRPT opened at $69.86 on Tuesday. Freshpet, Inc. has a 1 year low of $46.45 and a 1 year high of $86.00. The firm has a 50-day simple moving average of $62.82 and a two-hundred day simple moving average of $62.90. The company has a market cap of $3.43 billion, a P/E ratio of 18.38 and a beta of 1.61. The company has a debt-to-equity ratio of 0.34, a current ratio of 6.05 and a quick ratio of 5.03.
Freshpet (NASDAQ:FRPT – Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.17. Freshpet had a return on equity of 5.97% and a net margin of 17.28%.The firm had revenue of $305.59 million for the quarter, compared to analysts’ expectations of $292.35 million. During the same quarter in the prior year, the firm posted $0.33 earnings per share. The company’s quarterly revenue was up 15.4% on a year-over-year basis. Research analysts anticipate that Freshpet, Inc. will post 1.73 earnings per share for the current year.
Freshpet 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.
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