Fox Run Management L.L.C. Has $217,000 Holdings in Freshpet, Inc. $FRPT

Fox Run Management L.L.C. cut its position in Freshpet, Inc. (NASDAQ:FRPT) by 59.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,194 shares of the company’s stock after selling 4,747 shares during the quarter. Fox Run Management L.L.C.’s holdings in Freshpet were worth $217,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Banque Transatlantique SA acquired a new stake in Freshpet in the first quarter valued at $25,000. WPG Advisers LLC bought a new stake in shares of Freshpet in the 1st quarter valued at about $34,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in Freshpet in the 2nd quarter valued at about $35,000. Larson Financial Group LLC grew its holdings in Freshpet by 1,585.0% during the first quarter. Larson Financial Group LLC now owns 674 shares of the company’s stock worth $56,000 after purchasing an additional 634 shares during the period. Finally, Blue Trust Inc. increased its position in Freshpet by 100.7% during the second quarter. Blue Trust Inc. now owns 833 shares of the company’s stock worth $57,000 after buying an additional 418 shares during the last quarter.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Jefferies Financial Group reaffirmed a “hold” rating and issued a $56.00 price objective on shares of Freshpet in a research report on Tuesday, November 4th. JPMorgan Chase & Co. dropped their price target on Freshpet from $70.00 to $62.00 and set a “neutral” rating on the stock in a research note on Thursday, October 23rd. Wall Street Zen upgraded shares of Freshpet from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Zacks Research cut shares of Freshpet from a “strong-buy” rating to a “strong sell” rating in a research note on Monday, October 20th. Finally, Wells Fargo & Company decreased their price target on shares of Freshpet from $88.00 to $65.00 and set an “overweight” rating on the stock in a research note on Thursday, September 25th. Six analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $84.43.

Freshpet Stock Down 3.9%

FRPT opened at $53.44 on Friday. The stock has a fifty day moving average of $53.12 and a 200-day moving average of $65.19. The company has a market capitalization of $2.61 billion, a P/E ratio of 23.34, a P/E/G ratio of 0.75 and a beta of 1.76. Freshpet, Inc. has a fifty-two week low of $46.76 and a fifty-two week high of $164.07. The company has a debt-to-equity ratio of 0.36, a quick ratio of 4.61 and a current ratio of 5.52.

Freshpet (NASDAQ:FRPT) last released its quarterly earnings results on Monday, November 3rd. The company reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $1.43. The business had revenue of $288.85 million for the quarter, compared to analyst estimates of $283.73 million. Freshpet had a net margin of 11.44% and a return on equity of 5.73%. Freshpet’s revenue for the quarter was up 14.0% compared to the same quarter last year. During the same period last year, the firm earned $0.24 earnings per share. On average, equities analysts expect that Freshpet, Inc. will post 1.55 EPS for the current year.

Insider Buying and Selling at Freshpet

In other news, President Scott James Morris sold 63,135 shares of the company’s stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $55.21, for a total transaction of $3,485,683.35. Following the completion of the sale, the president directly owned 160,476 shares in the company, valued at approximately $8,859,879.96. This represents a 28.23% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Timothy R. Mclevish bought 3,500 shares of Freshpet stock in a transaction dated Wednesday, September 10th. The shares were bought at an average cost of $56.00 per share, for a total transaction of $196,000.00. Following the completion of the acquisition, the director owned 35,290 shares in the company, valued at $1,976,240. This represents a 11.01% increase in their position. The SEC filing for this purchase provides additional information. Insiders have purchased a total of 6,008 shares of company stock valued at $332,305 in the last three months. Corporate insiders own 4.43% of the company’s stock.

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.