Harvest Capital Strategies LLC grew its holdings in shares of Freshpet Inc (NASDAQ:FRPT) by 3.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 253,000 shares of the company’s stock after purchasing an additional 7,900 shares during the period. Harvest Capital Strategies LLC owned about 0.73% of Freshpet worth $4,794,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Voya Investment Management LLC acquired a new position in shares of Freshpet during the 2nd quarter worth approximately $188,000. Brighton Jones LLC acquired a new position in shares of Freshpet during the 3rd quarter worth approximately $232,000. Virtu Financial LLC acquired a new position in shares of Freshpet during the 4th quarter worth approximately $246,000. Tokio Marine Asset Management Co. Ltd. acquired a new position in shares of Freshpet during the 4th quarter worth approximately $311,000. Finally, The Manufacturers Life Insurance Company grew its position in shares of Freshpet by 5.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 20,598 shares of the company’s stock worth $343,000 after purchasing an additional 1,144 shares in the last quarter. Hedge funds and other institutional investors own 73.96% of the company’s stock.
FRPT has been the topic of several analyst reports. TheStreet upgraded shares of Freshpet from a “d+” rating to a “c-” rating in a research report on Thursday, November 30th. Oppenheimer reiterated a “hold” rating on shares of Freshpet in a research report on Friday, December 1st. BidaskClub lowered shares of Freshpet from a “hold” rating to a “sell” rating in a research report on Tuesday, January 9th. Zacks Investment Research lowered shares of Freshpet from a “hold” rating to a “sell” rating in a research report on Monday. Finally, SunTrust Banks reiterated a “buy” rating and set a $23.00 price target on shares of Freshpet in a research report on Tuesday, March 6th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $19.71.
Freshpet (NASDAQ:FRPT) last released its quarterly earnings results on Monday, March 5th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.03). The business had revenue of $40.70 million for the quarter, compared to the consensus estimate of $41.14 million. Freshpet had a negative net margin of 2.73% and a negative return on equity of 3.85%. Freshpet’s revenue was up 19.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.04 EPS. sell-side analysts expect that Freshpet Inc will post -0.01 earnings per share for the current year.
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Freshpet, Inc is a manufacturer of fresh, refrigerated pet food distributed across North America. The Company operates in the segment of manufacturing, marketing and distribution of pet food and pet treats for dogs and cats. The Company’s products consist of dog food, cat food, and dog and cat treats.
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