Freshpet Inc (FRPT) : Gm Advisory Group has sold out all of its stake in Freshpet Inc during the most recent quarter, according to the disclosure filed by the company on May 11, 2016 with the SEC. The investment management company has sold out 41,820 shares of Freshpet Inc which is valued at $364,252.
Other Hedge Funds, Including , Landscape Capital Management L.l.c. sold out all of its stake in FRPT during the most recent quarter. The investment firm sold 47,145 shares of FRPT which is valued $410,633.Manufacturers Life Insurance Company The boosted its stake in FRPT in the latest quarter, The investment management firm added 885 additional shares and now holds a total of 15,941 shares of Freshpet Inc which is valued at $138,846.Schwab Charles Investment Management Inc reduced its stake in FRPT by selling 17,731 shares or 34.63% in the most recent quarter. The Hedge Fund company now holds 33,464 shares of FRPT which is valued at $298,834. Riverbridge Partners added FRPT to its portfolio by purchasing 1,819,678 company shares during the most recent quarter which is valued at $15.1 Million. Freshpet Inc makes up approx 0.31% of Riverbridge Partners’s portfolio.
Freshpet Inc opened for trading at $8.71 and hit $9.18 on the upside on Monday, eventually ending the session at $9.12, with a gain of 4.71% or 0.41 points. The heightened volatility saw the trading volume jump to 2,81,825 shares. Company has a market cap of $306 M.
On the company’s financial health, Freshpet Inc reported $-0.05 EPS for the quarter, based on the information available during the earnings call on May 4, 2016. Analyst had a consensus estimate of $-0.05. The company had revenue of $31.50 million for the quarter, compared to analysts expectations of $31.30 million. The company’s revenue was up 16.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.08 EPS.
Many Wall Street Analysts have commented on Freshpet Inc. Freshpet Inc was Downgraded by Goldman to ” Neutral” on Mar 11, 2016. Shares were Reiterated by Wedbush on Mar 11, 2016 to “Outperform” and Lowered the Price Target to $ 10 from a previous price target of $11 .Company shares were Reiterated by Stifel on Mar 10, 2016 to “Buy”, Firm has raised the Price Target to $ 10 from a previous price target of $9 .
Freshpet Inc. is a manufacturer of fresh refrigerated pet food distributed across North America. The Company offers products consisting of dog food cat food and dog and cat treats. Its recipes include real fresh meat and varying combinations of vegetables leafy greens and anti-oxidant rich fruits without the use of preservatives additives or artificial ingredients. All of its products are sold under the Freshpet brand name with ingredients packaging and labeling customized by class of retail. It also offers fresh and frozen treats across all classes of retail under the Dognation and Dog Joy labels. The Company’s products are available in different forms including slice and serve rolls bagged meals and tubs. Its products are distributed throughout the United States and Canada into retail classes including Grocery and Mass (which includes club) as well as Pet specialty and Natural retail.