Blair William & Co. IL decreased its stake in shares of Freshpet Inc (NASDAQ:FRPT) by 22.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 34,325 shares of the company’s stock after selling 10,000 shares during the quarter. Blair William & Co. IL’s holdings in Freshpet were worth $1,260,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. DekaBank Deutsche Girozentrale increased its holdings in Freshpet by 132.7% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 4,654 shares of the company’s stock worth $168,000 after purchasing an additional 2,654 shares during the period. SG Americas Securities LLC purchased a new position in shares of Freshpet in the 3rd quarter valued at about $206,000. IFG Advisory LLC purchased a new position in shares of Freshpet in the 3rd quarter valued at about $234,000. Wedge Capital Management L L P NC purchased a new position in shares of Freshpet in the 2nd quarter valued at about $217,000. Finally, Strs Ohio purchased a new position in shares of Freshpet in the 3rd quarter valued at about $348,000. Institutional investors own 73.03% of the company’s stock.
A number of research firms have recently commented on FRPT. BidaskClub downgraded Freshpet from a “buy” rating to a “hold” rating in a report on Thursday, November 8th. Zacks Investment Research downgraded Freshpet from a “hold” rating to a “sell” rating in a report on Tuesday, November 6th. Credit Suisse Group increased their price objective on Freshpet from $26.00 to $32.00 and gave the company a “hold” rating in a report on Monday, August 13th. Finally, Imperial Capital increased their price objective on Freshpet from $18.00 to $35.00 and gave the company an “in-line” rating in a report on Tuesday, November 6th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Freshpet has an average rating of “Hold” and an average price target of $29.57.
In other news, COO Scott James Morris sold 3,512 shares of the stock in a transaction dated Thursday, September 13th. The stock was sold at an average price of $37.75, for a total value of $132,578.00. Following the transaction, the chief operating officer now owns 173,672 shares in the company, valued at approximately $6,556,118. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 5.10% of the company’s stock.
Freshpet Company Profile
Freshpet, Inc manufactures and markets natural fresh products, refrigerated meals, and treats for dogs and cats in the United States, Canada, and the United Kingdom. The company sells its products under the Freshpet brand; and Dognation and Dog Joy labels through various classes of retail, including grocery, mass, club, pet specialty, and natural, as well as online.
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