Oppenheimer & Co. Inc. purchased a new position in Freshpet Inc (NASDAQ:FRPT) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 5,305 shares of the company’s stock, valued at approximately $241,000.

Other institutional investors have also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Freshpet by 21.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,087 shares of the company’s stock worth $95,000 after purchasing an additional 363 shares during the period. NumerixS Investment Technologies Inc acquired a new position in Freshpet in the 1st quarter worth approximately $120,000. SG Americas Securities LLC acquired a new position in Freshpet in the 1st quarter worth approximately $140,000. First Mercantile Trust Co. acquired a new position in Freshpet in the 1st quarter worth approximately $220,000. Finally, Xact Kapitalforvaltning AB acquired a new position in Freshpet in the 1st quarter worth approximately $233,000. 98.32% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ:FRPT traded up $0.15 during trading on Friday, reaching $50.61. 5,634 shares of the company traded hands, compared to its average volume of 337,196. The firm has a fifty day simple moving average of $44.54 and a 200 day simple moving average of $44.31. The firm has a market cap of $1.80 billion, a P/E ratio of -337.47 and a beta of 1.08. Freshpet Inc has a 1-year low of $28.44 and a 1-year high of $51.85. The company has a quick ratio of 1.00, a current ratio of 1.51 and a debt-to-equity ratio of 0.32.

Freshpet (NASDAQ:FRPT) last issued its earnings results on Monday, August 5th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.08). The company had revenue of $60.10 million for the quarter, compared to analyst estimates of $59.59 million. Freshpet had a negative net margin of 3.42% and a negative return on equity of 6.23%. The company’s quarterly revenue was up 26.3% on a year-over-year basis. During the same period last year, the business earned ($0.10) EPS. As a group, research analysts anticipate that Freshpet Inc will post 0.04 EPS for the current year.

In other Freshpet news, Director J David Basto acquired 6,400 shares of Freshpet stock in a transaction that occurred on Thursday, August 8th. The stock was acquired at an average price of $38.61 per share, with a total value of $247,104.00. Following the purchase, the director now owns 23,721 shares in the company, valued at $915,867.81. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 4.90% of the company’s stock.

A number of research firms recently commented on FRPT. SunTrust Banks decreased their price objective on shares of Freshpet to $45.00 and set a “neutral” rating for the company in a research note on Tuesday, August 6th. They noted that the move was a valuation call. DA Davidson began coverage on shares of Freshpet in a research note on Wednesday, June 19th. They set a “buy” rating and a $60.00 target price for the company. JPMorgan Chase & Co. began coverage on shares of Freshpet in a research note on Tuesday, July 30th. They set a “neutral” rating and a $46.00 target price for the company. Zacks Investment Research lowered shares of Freshpet from a “buy” rating to a “hold” rating in a research note on Wednesday, August 7th. Finally, BidaskClub raised shares of Freshpet from a “hold” rating to a “buy” rating in a research note on Friday, August 30th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Freshpet presently has an average rating of “Hold” and a consensus target price of $46.17.

About Freshpet

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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