TIAA CREF Investment Management LLC reduced its position in shares of Freshpet, Inc. (NASDAQ:FRPT) by 8.0% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 76,014 shares of the company’s stock after selling 6,629 shares during the period. TIAA CREF Investment Management LLC owned about 0.24% of Freshpet worth $836,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Alliancebernstein L.P. raised its position in Freshpet by 9.9% in the first quarter. Alliancebernstein L.P. now owns 2,303,739 shares of the company’s stock worth $25,341,000 after buying an additional 208,052 shares during the period. JPMorgan Chase & Co. raised its position in shares of Freshpet by 3.6% in the first quarter. JPMorgan Chase & Co. now owns 1,376,118 shares of the company’s stock worth $15,137,000 after buying an additional 48,258 shares during the last quarter. Emerald Advisers Inc. PA raised its position in shares of Freshpet by 30.4% in the first quarter. Emerald Advisers Inc. PA now owns 575,586 shares of the company’s stock worth $6,331,000 after buying an additional 134,308 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Freshpet by 306.2% in the first quarter. Bank of New York Mellon Corp now owns 531,700 shares of the company’s stock worth $5,849,000 after buying an additional 400,805 shares during the last quarter. Finally, State Street Corp raised its position in shares of Freshpet by 7.8% in the fourth quarter. State Street Corp now owns 323,264 shares of the company’s stock worth $3,281,000 after buying an additional 23,391 shares during the last quarter. 63.86% of the stock is currently owned by institutional investors and hedge funds.

Shares of Freshpet, Inc. (NASDAQ:FRPT) traded down 0.63% during trading on Monday, reaching $15.75. 20,856 shares of the company traded hands. The firm’s market capitalization is $500.85 million. Freshpet, Inc. has a 12-month low of $7.60 and a 12-month high of $18.25. The company has a 50 day moving average price of $16.49 and a 200 day moving average price of $13.56.

Freshpet (NASDAQ:FRPT) last posted its earnings results on Monday, August 7th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.07) by $0.01. Freshpet had a negative return on equity of 3.44% and a negative net margin of 2.57%. The business had revenue of $39.97 million for the quarter, compared to analyst estimates of $38.09 million. During the same quarter in the prior year, the business earned ($0.10) earnings per share. The firm’s quarterly revenue was up 21.1% on a year-over-year basis. On average, equities analysts predict that Freshpet, Inc. will post ($0.10) EPS for the current year.

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A number of equities analysts have recently issued reports on the stock. BidaskClub lowered shares of Freshpet from a “hold” rating to a “sell” rating in a research report on Saturday, August 12th. Zacks Investment Research lowered shares of Freshpet from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. SunTrust Banks, Inc. upped their target price on shares of Freshpet from $15.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, August 8th. Stifel Nicolaus reiterated a “buy” rating and set a $20.00 target price (up from $14.00) on shares of Freshpet in a research report on Thursday, July 20th. Finally, Imperial Capital assumed coverage on shares of Freshpet in a research report on Thursday, July 20th. They set an “in-line” rating and a $16.50 target price on the stock. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $16.36.

In related news, CFO Richard A. Kassar sold 8,977 shares of Freshpet stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $16.00, for a total transaction of $143,632.00. Following the sale, the chief financial officer now directly owns 208,971 shares in the company, valued at approximately $3,343,536. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Richard A. Kassar sold 15,125 shares of Freshpet stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $15.26, for a total transaction of $230,807.50. Following the sale, the chief financial officer now owns 215,119 shares in the company, valued at $3,282,715.94. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 52,978 shares of company stock worth $840,106. 6.80% of the stock is owned by corporate insiders.

About Freshpet

Freshpet, Inc is a manufacturer of fresh, refrigerated pet food distributed across North America. The Company operates in the segment of manufacturing, marketing and distribution of pet food and pet treats for dogs and cats. The Company’s products consist of dog food, cat food, and dog and cat treats.

Institutional Ownership by Quarter for Freshpet (NASDAQ:FRPT)

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