Y Intercept Hong Kong Ltd Has $346,000 Position in Freshpet, Inc. $FRPT

Y Intercept Hong Kong Ltd cut its stake in Freshpet, Inc. (NASDAQ:FRPT) by 73.6% during the 3rd quarter, Holdings Channel.com reports. The firm owned 6,279 shares of the company’s stock after selling 17,506 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Freshpet were worth $346,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also modified their holdings of the company. Royal Bank of Canada grew its stake in Freshpet by 86.3% in the 1st quarter. Royal Bank of Canada now owns 67,623 shares of the company’s stock valued at $5,624,000 after buying an additional 31,334 shares during the last quarter. Jones Financial Companies Lllp grew its position in shares of Freshpet by 734.1% in the first quarter. Jones Financial Companies Lllp now owns 1,810 shares of the company’s stock valued at $151,000 after purchasing an additional 1,593 shares during the last quarter. United Services Automobile Association acquired a new position in shares of Freshpet in the first quarter valued at approximately $247,000. Janney Montgomery Scott LLC bought a new position in shares of Freshpet during the second quarter worth approximately $1,005,000. Finally, Truist Financial Corp lifted its holdings in Freshpet by 146.3% during the 2nd quarter. Truist Financial Corp now owns 22,738 shares of the company’s stock worth $1,545,000 after purchasing an additional 13,506 shares during the last quarter.

Insider Activity

In related news, President Scott James Morris sold 5,142 shares of Freshpet stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $62.33, for a total value of $320,500.86. Following the transaction, the president directly owned 30,858 shares of the company’s stock, valued at $1,923,379.14. This trade represents a 14.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 4.43% of the company’s stock.

Freshpet Stock Down 1.0%

FRPT stock opened at $69.20 on Thursday. Freshpet, Inc. has a 52 week low of $46.76 and a 52 week high of $155.99. The business has a 50-day simple moving average of $64.37 and a 200 day simple moving average of $59.55. The company has a quick ratio of 4.61, a current ratio of 5.52 and a debt-to-equity ratio of 0.36. The company has a market cap of $3.38 billion, a PE ratio of 30.22, a price-to-earnings-growth ratio of 1.71 and a beta of 1.72.

Freshpet (NASDAQ:FRPT) last released its earnings results on Monday, November 3rd. The company reported $1.86 EPS for the quarter, beating the consensus estimate of $0.43 by $1.43. The firm had revenue of $288.85 million for the quarter, compared to analyst estimates of $283.73 million. Freshpet had a net margin of 11.44% and a return on equity of 5.73%. The business’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same period last year, the firm earned $0.24 EPS. Sell-side analysts anticipate that Freshpet, Inc. will post 1.55 EPS for the current fiscal year.

Wall Street Analyst Weigh In

FRPT has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft lowered Freshpet from a “buy” rating to a “hold” rating and set a $62.00 price objective on the stock. in a report on Monday, December 15th. UBS Group set a $48.00 price target on shares of Freshpet and gave the company a “sell” rating in a research note on Tuesday, November 4th. JPMorgan Chase & Co. lowered their price target on shares of Freshpet from $70.00 to $62.00 and set a “neutral” rating on the stock in a research report on Thursday, October 23rd. Morgan Stanley initiated coverage on shares of Freshpet in a research note on Tuesday, December 16th. They issued an “equal weight” rating and a $71.00 price objective for the company. Finally, DA Davidson decreased their target price on shares of Freshpet from $101.00 to $83.00 and set a “buy” rating on the stock in a research report on Tuesday, November 4th. Six equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Freshpet presently has an average rating of “Hold” and a consensus price target of $77.88.

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.