Banque Cantonale Vaudoise Has $870,000 Position in Freshpet, Inc. (NASDAQ:FRPT)

Banque Cantonale Vaudoise trimmed its position in Freshpet, Inc. (NASDAQ:FRPT) by 2.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,727 shares of the company’s stock after selling 189 shares during the period. Banque Cantonale Vaudoise’s holdings in Freshpet were worth $870,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. ORG Partners LLC acquired a new stake in Freshpet in the second quarter worth $32,000. GAMMA Investing LLC raised its stake in Freshpet by 100.8% during the 1st quarter. GAMMA Investing LLC now owns 263 shares of the company’s stock worth $30,000 after buying an additional 132 shares during the period. Blue Bell Private Wealth Management LLC acquired a new stake in Freshpet during the 1st quarter worth $36,000. Johnson Financial Group Inc. bought a new position in Freshpet during the fourth quarter worth about $29,000. Finally, Whittier Trust Co. acquired a new position in Freshpet in the first quarter valued at about $41,000.

Insider Activity

In related news, EVP Stephen Macchiaverna sold 6,000 shares of Freshpet stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $132.13, for a total transaction of $792,780.00. Following the completion of the transaction, the executive vice president now owns 86,039 shares in the company, valued at $11,368,333.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 3.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on FRPT. Oppenheimer raised their price target on Freshpet from $135.00 to $155.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 25th. Robert W. Baird lifted their price target on shares of Freshpet from $135.00 to $140.00 and gave the company an “outperform” rating in a research note on Tuesday, August 6th. Citigroup increased their price objective on shares of Freshpet from $124.00 to $129.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 17th. Benchmark reaffirmed a “buy” rating and issued a $150.00 price objective on shares of Freshpet in a research report on Wednesday, August 7th. Finally, Deutsche Bank Aktiengesellschaft began coverage on Freshpet in a report on Thursday, May 23rd. They set a “buy” rating and a $150.00 target price for the company. One analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $140.60.

Freshpet Stock Up 0.6 %

FRPT stock opened at $136.00 on Monday. The company has a market cap of $6.59 billion, a price-to-earnings ratio of 755.60 and a beta of 1.36. Freshpet, Inc. has a twelve month low of $54.60 and a twelve month high of $140.78. The business has a 50 day moving average price of $127.70 and a two-hundred day moving average price of $119.45. The company has a quick ratio of 3.69, a current ratio of 4.50 and a debt-to-equity ratio of 0.42.

Freshpet (NASDAQ:FRPT) last issued its earnings results on Monday, August 5th. The company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.06. The business had revenue of $235.30 million for the quarter, compared to the consensus estimate of $230.99 million. Freshpet had a net margin of 2.86% and a return on equity of 1.78%. The firm’s revenue for the quarter was up 28.4% on a year-over-year basis. During the same period in the previous year, the company earned ($0.35) earnings per share. Analysts anticipate that Freshpet, Inc. will post 0.7 EPS for the current fiscal year.

Freshpet Company Profile

Freshpet, Inc, together with its subsidiaries, manufactures, distributes, and markets natural fresh meals and treats for dogs and cats in the United States, Canada, and Europe. It sells dog food, cat food, and dog treats under the Freshpet brand name; and Dognation and Dog Joy labels through various classes of retail, including grocery, mass, club, pet specialty, and natural, as well as online.