Allspring Global Investments Holdings LLC Boosts Holdings in Freshpet, Inc. (NASDAQ:FRPT)

Allspring Global Investments Holdings LLC grew its holdings in Freshpet, Inc. (NASDAQ:FRPT) by 198.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 381,385 shares of the company’s stock after purchasing an additional 253,679 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.79% of Freshpet worth $55,065,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Newbridge Financial Services Group Inc. purchased a new position in shares of Freshpet in the fourth quarter valued at approximately $59,000. WCM Investment Management LLC lifted its stake in Freshpet by 4.0% in the fourth quarter. WCM Investment Management LLC now owns 2,881,855 shares of the company’s stock worth $430,809,000 after acquiring an additional 110,478 shares during the last quarter. Empowered Funds LLC purchased a new position in Freshpet in the fourth quarter worth approximately $6,359,000. Lecap Asset Management Ltd. purchased a new position in Freshpet in the fourth quarter worth approximately $817,000. Finally, Deepwater Asset Management LLC lifted its stake in Freshpet by 11.4% in the fourth quarter. Deepwater Asset Management LLC now owns 98,434 shares of the company’s stock worth $14,579,000 after acquiring an additional 10,066 shares during the last quarter.

Analyst Upgrades and Downgrades

FRPT has been the subject of a number of recent research reports. StockNews.com downgraded shares of Freshpet from a “hold” rating to a “sell” rating in a research note on Wednesday, November 20th. TD Cowen raised their price objective on shares of Freshpet from $160.00 to $174.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Benchmark reissued a “buy” rating and set a $150.00 price objective on shares of Freshpet in a report on Friday, November 1st. Wells Fargo & Company raised their price objective on shares of Freshpet from $157.00 to $175.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Finally, DA Davidson lifted their target price on shares of Freshpet from $183.00 to $189.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $164.29.

Insider Buying and Selling at Freshpet

In other Freshpet news, President Scott James Morris sold 5,000 shares of the business’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $157.38, for a total transaction of $786,900.00. Following the sale, the president now directly owns 122,380 shares in the company, valued at approximately $19,260,164.40. The trade was a 3.93 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 3.70% of the stock is currently owned by corporate insiders.

Freshpet Stock Performance

Shares of FRPT opened at $131.29 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.91 and a current ratio of 4.72. The stock has a market capitalization of $6.37 billion, a P/E ratio of 147.52 and a beta of 1.42. The company’s fifty day moving average is $149.25 and its two-hundred day moving average is $142.99. Freshpet, Inc. has a 1 year low of $85.50 and a 1 year high of $164.07.

Freshpet 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.