Legato Capital Management LLC Grows Position in Freshpet, Inc. (NASDAQ:FRPT)

Legato Capital Management LLC boosted its position in shares of Freshpet, Inc. (NASDAQ:FRPT) by 24.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,172 shares of the company’s stock after purchasing an additional 2,811 shares during the period. Legato Capital Management LLC’s holdings in Freshpet were worth $2,099,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FRPT. WCM Investment Management LLC boosted its position in shares of Freshpet by 4.0% during the fourth quarter. WCM Investment Management LLC now owns 2,881,855 shares of the company’s stock valued at $430,809,000 after buying an additional 110,478 shares during the period. Geode Capital Management LLC boosted its holdings in Freshpet by 4.7% during the 3rd quarter. Geode Capital Management LLC now owns 835,663 shares of the company’s stock valued at $115,650,000 after acquiring an additional 37,287 shares during the period. Charles Schwab Investment Management Inc. grew its position in Freshpet by 54.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 439,681 shares of the company’s stock valued at $60,135,000 after acquiring an additional 154,909 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in Freshpet by 198.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 381,385 shares of the company’s stock worth $55,065,000 after purchasing an additional 253,679 shares during the period. Finally, Point72 Asset Management L.P. lifted its position in shares of Freshpet by 391.5% during the third quarter. Point72 Asset Management L.P. now owns 234,626 shares of the company’s stock worth $32,090,000 after purchasing an additional 186,889 shares during the last quarter.

Insider Buying and Selling at Freshpet

In other news, President Scott James Morris sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $158.13, for a total value of $790,650.00. Following the sale, the president now directly owns 122,380 shares in the company, valued at approximately $19,351,949.40. This trade represents a 3.93 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.70% of the stock is owned by insiders.

Freshpet Trading Up 0.3 %

FRPT opened at $130.75 on Wednesday. Freshpet, Inc. has a 12 month low of $84.02 and a 12 month high of $164.07. The stock has a fifty day moving average price of $149.75 and a 200-day moving average price of $143.07. The firm has a market cap of $6.35 billion, a price-to-earnings ratio of 146.91 and a beta of 1.42. The company has a current ratio of 4.72, a quick ratio of 3.91 and a debt-to-equity ratio of 0.41.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. JPMorgan Chase & Co. upped their price target on shares of Freshpet from $126.00 to $154.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Wells Fargo & Company upped their target price 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. Robert W. Baird raised their target price on shares of Freshpet from $157.00 to $170.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. DA Davidson boosted their price target on Freshpet from $183.00 to $189.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Freshpet from $161.00 to $163.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, two have given a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $164.29.

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.