Landscape Capital Management L.L.C. Cuts Stock Holdings in Freshpet, Inc. (NASDAQ:FRPT)

Landscape Capital Management L.L.C. decreased its position in Freshpet, Inc. (NASDAQ:FRPT - Free Report) by 83.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,888 shares of the company's stock after selling 51,541 shares during the quarter. Landscape Capital Management L.L.C.'s holdings in Freshpet were worth $1,352,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in FRPT. Axxcess Wealth Management LLC acquired a new stake in Freshpet during the 1st quarter worth approximately $811,000. SG Americas Securities LLC purchased a new position in Freshpet in the second quarter valued at $3,964,000. Geneva Capital Management LLC boosted its holdings in Freshpet by 166.2% in the third quarter. Geneva Capital Management LLC now owns 84,221 shares of the company's stock valued at $11,519,000 after purchasing an additional 52,584 shares during the period. Great Lakes Advisors LLC acquired a new position in Freshpet during the 2nd quarter worth $4,299,000. Finally, Vanguard Group Inc. increased its holdings in Freshpet by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 4,666,407 shares of the company's stock worth $540,650,000 after purchasing an additional 13,709 shares during the period.

Insider Activity at Freshpet

In related news, EVP Stephen Macchiaverna sold 2,178 shares of Freshpet stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $140.01, for a total transaction of $304,941.78. Following the completion of the transaction, the executive vice president now owns 86,039 shares of the company's stock, valued at $12,046,320.39. This trade represents a 2.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Thembeka Machaba sold 2,500 shares of the firm's stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $153.85, for a total value of $384,625.00. The disclosure for this sale can be found here. 3.70% of the stock is owned by insiders.

Freshpet Stock Performance

FRPT stock traded up $0.19 during trading hours on Friday, reaching $156.76. The stock had a trading volume of 565,455 shares, compared to its average volume of 581,836. The stock has a market capitalization of $7.61 billion, a PE ratio of 176.67 and a beta of 1.39. The stock has a 50-day simple moving average of $142.30 and a 200 day simple moving average of $133.28. Freshpet, Inc. has a fifty-two week low of $68.22 and a fifty-two week high of $159.12. The company has a debt-to-equity ratio of 0.41, a current ratio of 4.72 and a quick ratio of 3.91.

Freshpet (NASDAQ:FRPT - Get Free Report) last issued its quarterly earnings data on Monday, November 4th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.10. Freshpet had a net margin of 4.75% and a return on equity of 3.67%. The company had revenue of $253.40 million for the quarter, compared to analyst estimates of $248.36 million. During the same period in the prior year, the firm earned ($0.15) earnings per share. The company's revenue was up 26.3% on a year-over-year basis. Analysts predict that Freshpet, Inc. will post 0.87 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on FRPT shares. Deutsche Bank Aktiengesellschaft boosted their target price on Freshpet from $161.00 to $163.00 and gave the stock a "buy" rating in a research note on Tuesday, November 5th. Wells Fargo & Company lifted their price target on shares of Freshpet from $157.00 to $175.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 5th. TD Cowen raised their price target on Freshpet from $160.00 to $174.00 and gave the stock a "buy" rating in a research note on Tuesday, November 5th. StockNews.com cut Freshpet from a "hold" rating to a "sell" rating in a research report on Wednesday. Finally, Oppenheimer boosted their target price on Freshpet from $155.00 to $180.00 and gave the company an "outperform" rating in a report on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, Freshpet presently has an average rating of "Moderate Buy" and a consensus price target of $157.80.

About Freshpet

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.