Parkside Financial Bank & Trust Acquires 159 Shares of Freshpet, Inc. (NASDAQ:FRPT)

Parkside Financial Bank & Trust increased its holdings in Freshpet, Inc. (NASDAQ:FRPT) by 13.9% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 1,305 shares of the company’s stock after buying an additional 159 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Freshpet were worth $169,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Arizona State Retirement System increased its holdings in Freshpet by 2.0% in the 2nd quarter. Arizona State Retirement System now owns 12,843 shares of the company’s stock worth $1,662,000 after buying an additional 248 shares in the last quarter. National Bank of Canada FI bought a new stake in Freshpet in the 2nd quarter worth about $64,000. Rhumbline Advisers increased its holdings in Freshpet by 0.8% in the 2nd quarter. Rhumbline Advisers now owns 47,696 shares of the company’s stock worth $6,171,000 after buying an additional 384 shares in the last quarter. Lisanti Capital Growth LLC increased its holdings in Freshpet by 2.9% in the 2nd quarter. Lisanti Capital Growth LLC now owns 70,190 shares of the company’s stock worth $9,082,000 after buying an additional 1,975 shares in the last quarter. Finally, nVerses Capital LLC purchased a new position in Freshpet in the second quarter worth about $336,000.

Freshpet Stock Down 2.2 %

NASDAQ FRPT opened at $135.25 on Friday. The stock’s 50 day moving average is $128.54 and its 200 day moving average is $120.90. The company has a current ratio of 4.50, a quick ratio of 3.69 and a debt-to-equity ratio of 0.42. Freshpet, Inc. has a 12 month low of $54.60 and a 12 month high of $143.06. The stock has a market cap of $6.55 billion, a PE ratio of 751.39 and a beta of 1.39.

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

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Wells Fargo & Company raised their target price on Freshpet from $140.00 to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 10th. Deutsche Bank Aktiengesellschaft assumed coverage on Freshpet in a research report on Thursday, May 23rd. They issued a “buy” rating and a $150.00 target price on the stock. Citigroup raised their target price on Freshpet from $124.00 to $129.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 17th. Oppenheimer raised their target price on Freshpet from $135.00 to $155.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 25th. Finally, JPMorgan Chase & Co. raised their target price on Freshpet from $113.00 to $126.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Freshpet presently has an average rating of “Moderate Buy” and a consensus price target of $142.87.

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.