SG Americas Securities LLC Makes New $140,000 Investment in Freshpet Inc (NASDAQ:FRPT)

SG Americas Securities LLC acquired a new stake in Freshpet Inc (NASDAQ:FRPT) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 3,308 shares of the company’s stock, valued at approximately $140,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Great West Life Assurance Co. Can bought a new stake in Freshpet during the fourth quarter valued at approximately $58,000. Legal & General Group Plc lifted its position in Freshpet by 28.2% during the fourth quarter. Legal & General Group Plc now owns 5,209 shares of the company’s stock valued at $167,000 after purchasing an additional 1,146 shares during the last quarter. Pathlight Investors LLC bought a new stake in Freshpet during the fourth quarter valued at approximately $202,000. We Are One Seven LLC lifted its position in Freshpet by 96.8% during the first quarter. We Are One Seven LLC now owns 6,350 shares of the company’s stock valued at $268,000 after purchasing an additional 3,123 shares during the last quarter. Finally, Stephens Inc. AR lifted its position in Freshpet by 14.2% during the fourth quarter. Stephens Inc. AR now owns 7,531 shares of the company’s stock valued at $242,000 after purchasing an additional 938 shares during the last quarter. Institutional investors own 86.74% of the company’s stock.

In other news, insider Scott James Morris sold 49,766 shares of the company’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $47.79, for a total transaction of $2,378,317.14. Following the completion of the sale, the insider now owns 170,232 shares of the company’s stock, valued at approximately $8,135,387.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Richard A. Kassar sold 15,000 shares of the company’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $47.75, for a total transaction of $716,250.00. Following the sale, the chief financial officer now directly owns 164,994 shares of the company’s stock, valued at approximately $7,878,463.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 174,104 shares of company stock worth $8,335,030. 5.10% of the stock is currently owned by company insiders.

Several research analysts have commented on the stock. BidaskClub raised shares of Freshpet from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, April 30th. Credit Suisse Group set a $36.00 target price on shares of Freshpet and gave the stock a “neutral” rating in a research note on Tuesday, March 5th. SunTrust Banks downgraded shares of Freshpet from a “buy” rating to a “hold” rating and set a $50.00 target price on the stock. in a research note on Tuesday, June 18th. They noted that the move was a valuation call. Imperial Capital reaffirmed an “in-line” rating and issued a $40.00 target price (up from $35.00) on shares of Freshpet in a research note on Monday, March 4th. Finally, TheStreet downgraded shares of Freshpet from a “b” rating to a “c” rating in a research report on Monday, April 1st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $43.57.

Shares of FRPT stock traded down $0.66 during mid-day trading on Monday, reaching $44.85. 589,376 shares of the company’s stock traded hands, compared to its average volume of 302,167. Freshpet Inc has a 12 month low of $25.81 and a 12 month high of $51.85. The firm has a market cap of $1.63 billion, a P/E ratio of -299.00 and a beta of 1.11. The company has a current ratio of 1.08, a quick ratio of 0.72 and a debt-to-equity ratio of 0.07. The firm’s 50-day simple moving average is $47.08.

Freshpet (NASDAQ:FRPT) last announced its quarterly earnings results on Monday, May 6th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.09) by ($0.01). The firm had revenue of $54.80 million during the quarter, compared to the consensus estimate of $54.28 million. Freshpet had a negative return on equity of 4.46% and a negative net margin of 2.57%. The business’s revenue for the quarter was up 26.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.10) EPS. On average, sell-side analysts expect that Freshpet Inc will post 0.06 EPS for the current year.

Freshpet Profile

Freshpet, Inc manufactures and markets natural fresh products, refrigerated meals, and treats for dogs and cats in the United States, Canada, and the United Kingdom. The company sells its products under the Freshpet brand; and Dognation and Dog Joy labels through various classes of retail, including grocery, mass, club, pet specialty, and natural, as well as online.

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Institutional Ownership by Quarter for Freshpet (NASDAQ:FRPT)

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