Harvest Capital Strategies LLC Acquires 7,000 Shares of Freshpet Inc (FRPT)

Harvest Capital Strategies LLC grew its holdings in Freshpet Inc (NASDAQ:FRPT) by 2.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 260,000 shares of the company’s stock after purchasing an additional 7,000 shares during the quarter. Harvest Capital Strategies LLC owned 0.74% of Freshpet worth $4,277,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Millennium Management LLC purchased a new position in shares of Freshpet in the first quarter valued at approximately $1,868,000. Barclays PLC raised its holdings in Freshpet by 130.3% in the first quarter. Barclays PLC now owns 9,283 shares of the company’s stock valued at $153,000 after acquiring an additional 5,253 shares in the last quarter. United Capital Financial Advisers LLC raised its holdings in Freshpet by 66.4% in the first quarter. United Capital Financial Advisers LLC now owns 25,050 shares of the company’s stock valued at $412,000 after acquiring an additional 10,000 shares in the last quarter. Blair William & Co. IL raised its holdings in Freshpet by 46.9% in the first quarter. Blair William & Co. IL now owns 25,075 shares of the company’s stock valued at $412,000 after acquiring an additional 8,000 shares in the last quarter. Finally, Uniplan Investment Counsel Inc. raised its holdings in Freshpet by 1.9% in the first quarter. Uniplan Investment Counsel Inc. now owns 181,117 shares of the company’s stock valued at $2,979,000 after acquiring an additional 3,381 shares in the last quarter. 74.98% of the stock is owned by institutional investors and hedge funds.

FRPT stock traded up $0.15 during midday trading on Monday, reaching $24.85. 1,891 shares of the company were exchanged, compared to its average volume of 201,418. Freshpet Inc has a 1-year low of $14.10 and a 1-year high of $24.90. The stock has a market cap of $869.30 million, a P/E ratio of -205.83 and a beta of 1.71.



Freshpet (NASDAQ:FRPT) last released its quarterly earnings data on Monday, May 7th. The company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.03). Freshpet had a negative return on equity of 4.35% and a negative net margin of 2.97%. The company had revenue of $43.20 million for the quarter, compared to analyst estimates of $42.06 million. During the same period in the previous year, the business posted ($0.09) EPS. The firm’s revenue for the quarter was up 25.2% compared to the same quarter last year. equities analysts predict that Freshpet Inc will post -0.03 EPS for the current year.

In other Freshpet news, CFO Richard A. Kassar sold 13,528 shares of the firm’s stock in a transaction that occurred on Monday, June 4th. The shares were sold at an average price of $22.74, for a total transaction of $307,626.72. Following the sale, the chief financial officer now owns 213,522 shares of the company’s stock, valued at $4,855,490.28. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Stephen Macchiaverna sold 4,946 shares of the firm’s stock in a transaction that occurred on Thursday, May 10th. The stock was sold at an average price of $20.50, for a total transaction of $101,393.00. Following the sale, the vice president now directly owns 73,884 shares in the company, valued at approximately $1,514,622. The disclosure for this sale can be found here. In the last three months, insiders have sold 48,474 shares of company stock worth $1,073,795. 6.80% of the stock is owned by corporate insiders.

Several analysts recently weighed in on FRPT shares. BidaskClub raised shares of Freshpet from a “sell” rating to a “hold” rating in a report on Friday, March 2nd. SunTrust Banks reaffirmed a “buy” rating and issued a $23.00 target price on shares of Freshpet in a report on Tuesday, March 6th. Imperial Capital reaffirmed an “in-line” rating and issued a $18.00 target price (up previously from $16.50) on shares of Freshpet in a report on Friday, March 9th. Zacks Investment Research cut shares of Freshpet from a “hold” rating to a “sell” rating in a report on Monday, March 12th. Finally, ValuEngine cut shares of Freshpet from a “buy” rating to a “hold” rating in a report on Friday, March 23rd. Five analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $20.00.

Freshpet Company 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.

Institutional Ownership by Quarter for Freshpet (NASDAQ:FRPT)

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