Credit Suisse AG boosted its position in shares of Freshpet, Inc. (NASDAQ:FRPT) by 138.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 216,818 shares of the company’s stock after buying an additional 125,768 shares during the period. Credit Suisse AG owned 0.68% of Freshpet worth $2,384,000 as of its most recent filing with the SEC.
A number of other large investors have also recently made changes to their positions in FRPT. State Street Corp raised its stake in shares of Freshpet by 7.8% in the fourth quarter. State Street Corp now owns 323,264 shares of the company’s stock worth $3,281,000 after buying an additional 23,391 shares in the last quarter. Teachers Advisors LLC raised its position in Freshpet by 1.2% in the fourth quarter. Teachers Advisors LLC now owns 34,476 shares of the company’s stock valued at $350,000 after buying an additional 396 shares during the period. Russell Investments Group Ltd. raised its position in Freshpet by 4.2% in the first quarter. Russell Investments Group Ltd. now owns 160,359 shares of the company’s stock valued at $1,763,000 after buying an additional 6,443 shares during the period. Emerald Mutual Fund Advisers Trust bought a new position in Freshpet during the first quarter valued at $2,891,000. Finally, Emerald Advisers Inc. PA raised its position in Freshpet by 30.4% in the first quarter. Emerald Advisers Inc. PA now owns 575,586 shares of the company’s stock valued at $6,331,000 after buying an additional 134,308 shares during the period. 63.86% of the stock is currently owned by institutional investors and hedge funds.
Freshpet, Inc. (NASDAQ FRPT) traded up 0.32% during mid-day trading on Friday, reaching $15.90. The company had a trading volume of 38,226 shares. Freshpet, Inc. has a 12-month low of $7.60 and a 12-month high of $18.25. The stock has a 50-day moving average of $16.50 and a 200 day moving average of $13.53. The company’s market capitalization is $505.62 million.
Freshpet (NASDAQ:FRPT) last announced its quarterly earnings results on Monday, August 7th. The company reported ($0.08) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by $0.01. The company had revenue of $39.97 million during the quarter, compared to analysts’ expectations of $38.09 million. Freshpet had a negative net margin of 2.57% and a negative return on equity of 3.44%. Freshpet’s revenue for the quarter was up 21.1% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.10) earnings per share. On average, analysts expect that Freshpet, Inc. will post ($0.10) EPS for the current year.
WARNING: “Freshpet, Inc. (FRPT) Shares Bought by Credit Suisse AG” was originally published by Community Financial News and is the property of of Community Financial News. If you are viewing this report on another website, it was illegally copied and republished in violation of U.S. and international copyright law. The original version of this report can be accessed at https://www.com-unik.info/2017/08/18/credit-suisse-ag-boosts-stake-in-freshpet-inc-frpt-updated.html.
Several research analysts have weighed in on the company. BidaskClub lowered Freshpet from a “hold” rating to a “sell” rating in a research report on Saturday, August 12th. Zacks Investment Research lowered Freshpet from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. SunTrust Banks, Inc. boosted their target price on Freshpet from $15.00 to $20.00 and gave the stock a “buy” rating in a report on Tuesday, August 8th. Stifel Nicolaus reissued a “buy” rating and set a $20.00 target price (up from $14.00) on shares of Freshpet in a report on Thursday, July 20th. Finally, Imperial Capital assumed coverage on Freshpet in a report on Thursday, July 20th. They set an “in-line” rating and a $16.50 target price on the stock. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $16.36.
In other Freshpet news, CFO Richard A. Kassar sold 15,125 shares of Freshpet stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $15.26, for a total transaction of $230,807.50. Following the completion of the sale, the chief financial officer now owns 215,119 shares of the company’s stock, valued at $3,282,715.94. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Richard A. Kassar sold 23,239 shares of Freshpet stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $16.00, for a total value of $371,824.00. Following the sale, the chief financial officer now directly owns 208,971 shares of the company’s stock, valued at approximately $3,343,536. The disclosure for this sale can be found here. Insiders have sold 52,541 shares of company stock valued at $833,114 in the last three months. 6.80% of the stock is owned by corporate insiders.
Freshpet Company Profile
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.
What are top analysts saying about Freshpet Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Freshpet Inc. and related companies.