Y Intercept Hong Kong Ltd Sells 17,506 Shares of Freshpet, Inc. $FRPT

Y Intercept Hong Kong Ltd trimmed its holdings in shares of Freshpet, Inc. (NASDAQ:FRPT) by 73.6% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,279 shares of the company’s stock after selling 17,506 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Freshpet were worth $346,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. EverSource Wealth Advisors LLC increased its position in shares of Freshpet by 1,388.2% during the second quarter. EverSource Wealth Advisors LLC now owns 506 shares of the company’s stock worth $34,000 after acquiring an additional 472 shares in the last quarter. State of Wyoming acquired a new position in Freshpet in the 2nd quarter worth $34,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in Freshpet during the 2nd quarter worth about $35,000. Ossiam raised its stake in shares of Freshpet by 81.1% in the 2nd quarter. Ossiam now owns 509 shares of the company’s stock valued at $35,000 after purchasing an additional 228 shares during the period. Finally, Smartleaf Asset Management LLC raised its stake in shares of Freshpet by 258.9% in the 2nd quarter. Smartleaf Asset Management LLC now owns 542 shares of the company’s stock valued at $37,000 after purchasing an additional 391 shares during the period.

Insider Buying and Selling

In other Freshpet news, President Scott James Morris sold 5,142 shares of the business’s stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $62.33, for a total transaction of $320,500.86. Following the transaction, the president owned 30,858 shares of the company’s stock, valued at $1,923,379.14. The trade was a 14.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 4.43% of the company’s stock.

Freshpet Trading Down 1.0%

NASDAQ FRPT opened at $69.20 on Thursday. The company has a market cap of $3.38 billion, a PE ratio of 30.22, a PEG ratio of 1.71 and a beta of 1.72. The company has a current ratio of 5.52, a quick ratio of 4.61 and a debt-to-equity ratio of 0.36. Freshpet, Inc. has a 12 month low of $46.76 and a 12 month high of $155.99. The stock has a 50 day moving average of $64.37 and a 200-day moving average of $59.55.

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

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on FRPT shares. Bank of America increased their price objective on Freshpet from $60.00 to $67.00 and gave the stock a “neutral” rating in a report on Friday, December 19th. TD Cowen reaffirmed a “hold” rating on shares of Freshpet in a research report on Thursday, January 8th. Robert W. Baird lowered their price objective on shares of Freshpet from $100.00 to $75.00 and set an “outperform” rating on the stock in a report on Friday, October 31st. Zacks Research raised shares of Freshpet from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 18th. Finally, Wells Fargo & Company increased their target price on shares of Freshpet from $70.00 to $82.00 and gave the stock an “overweight” rating in a report on Monday, January 26th. Six research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Freshpet has a consensus rating of “Hold” and an average price target of $77.88.

About Freshpet

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.