Landscape Capital Management L.L.C. Takes Position in Freshpet, Inc. $FRPT

Landscape Capital Management L.L.C. purchased a new stake in shares of Freshpet, Inc. (NASDAQ:FRPT) during the second quarter, Holdings Channel.com reports. The fund purchased 101,094 shares of the company’s stock, valued at approximately $5,977,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Optimize Financial Inc grew its position in Freshpet by 1.4% in the 4th quarter. Optimize Financial Inc now owns 10,957 shares of the company’s stock worth $668,000 after purchasing an additional 156 shares in the last quarter. Oregon Public Employees Retirement Fund increased its stake in Freshpet by 1.5% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 11,164 shares of the company’s stock valued at $680,000 after buying an additional 161 shares during the last quarter. Parallel Advisors LLC lifted its position in shares of Freshpet by 55.0% during the 3rd quarter. Parallel Advisors LLC now owns 555 shares of the company’s stock worth $31,000 after buying an additional 197 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in shares of Freshpet by 32.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 882 shares of the company’s stock worth $53,000 after buying an additional 214 shares in the last quarter. Finally, Ossiam boosted its stake in shares of Freshpet by 81.1% in the 2nd quarter. Ossiam now owns 509 shares of the company’s stock worth $35,000 after buying an additional 228 shares during the last quarter.

Insider Activity

In other news, CEO William B. Cyr sold 3,045 shares of the company’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $72.41, for a total transaction of $220,488.45. Following the transaction, the chief executive officer owned 33,503 shares of the company’s stock, valued at $2,425,952.23. This represents a 8.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 4.30% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on FRPT shares. Piper Sandler reaffirmed an “overweight” rating on shares of Freshpet in a report on Tuesday, August 11th. Morgan Stanley reaffirmed an “equal weight” rating and set a $72.00 target price (down from $77.00) on shares of Freshpet in a research report on Thursday, August 6th. DA Davidson lowered their target price on Freshpet from $101.00 to $95.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. Weiss Ratings downgraded shares of Freshpet from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, June 1st. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $70.00 price target on shares of Freshpet in a research report on Thursday, August 6th. Ten research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Freshpet has a consensus rating of “Moderate Buy” and a consensus price target of $75.31.

Freshpet Trading Down 0.2%

NASDAQ:FRPT opened at $73.96 on Friday. The company has a current ratio of 6.05, a quick ratio of 5.03 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $3.63 billion, a PE ratio of 19.46 and a beta of 1.61. The firm’s 50 day moving average is $60.58 and its 200 day moving average is $62.78. Freshpet, Inc. has a 12 month low of $46.45 and a 12 month high of $86.00.

Freshpet (NASDAQ:FRPT) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.22 by $0.17. Freshpet had a return on equity of 5.97% and a net margin of 17.28%.The business had revenue of $305.59 million for the quarter, compared to the consensus estimate of $292.35 million. During the same quarter in the prior year, the business earned $0.33 earnings per share. Freshpet’s revenue for the quarter was up 15.4% on a year-over-year basis. Sell-side analysts expect that Freshpet, Inc. will post 1.73 earnings per share for the current year.

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.