Freshpet, Inc. (NASDAQ:FRPT) Shares Sold by Savant Capital LLC

Savant Capital LLC lowered its position in Freshpet, Inc. (NASDAQ:FRPT) by 1.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,512 shares of the company’s stock after selling 130 shares during the period. Savant Capital LLC’s holdings in Freshpet were worth $1,113,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of FRPT. Wealth Enhancement Advisory Services LLC raised its holdings in Freshpet by 1.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,887 shares of the company’s stock worth $805,000 after purchasing an additional 75 shares during the period. GAMMA Investing LLC raised its stake in shares of Freshpet by 19.1% during the 4th quarter. GAMMA Investing LLC now owns 573 shares of the company’s stock worth $85,000 after buying an additional 92 shares during the period. GLOBALT Investments LLC GA lifted its position in shares of Freshpet by 3.2% during the 3rd quarter. GLOBALT Investments LLC GA now owns 3,580 shares of the company’s stock valued at $490,000 after buying an additional 111 shares in the last quarter. LVW Advisors LLC grew its stake in Freshpet by 5.9% in the 4th quarter. LVW Advisors LLC now owns 2,260 shares of the company’s stock valued at $335,000 after acquiring an additional 125 shares during the period. Finally, First Horizon Advisors Inc. increased its holdings in Freshpet by 23.0% in the 3rd quarter. First Horizon Advisors Inc. now owns 739 shares of the company’s stock worth $101,000 after acquiring an additional 138 shares in the last quarter.

Analysts Set New Price Targets

Several brokerages have recently issued reports on FRPT. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Freshpet from $161.00 to $163.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. StockNews.com cut Freshpet from a “hold” rating to a “sell” rating in a report on Wednesday, November 20th. Stifel Nicolaus raised their target price on Freshpet from $155.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Citigroup dropped their price target on Freshpet from $155.00 to $142.00 and set a “neutral” rating for the company in a research report on Wednesday. Finally, JPMorgan Chase & Co. raised their price objective on Freshpet from $126.00 to $154.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. One research 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 data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $164.29.

Insider Activity at Freshpet

In related news, President Scott James Morris sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $157.38, for a total transaction of $786,900.00. Following the completion of the sale, the president now directly owns 122,380 shares of the company’s stock, valued at approximately $19,260,164.40. This trade represents a 3.93 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.70% of the stock is currently owned by insiders.

Freshpet Stock Performance

NASDAQ:FRPT opened at $129.61 on Friday. The company’s 50-day moving average is $148.30 and its two-hundred day moving average is $142.97. The firm has a market capitalization of $6.29 billion, a price-to-earnings ratio of 145.63 and a beta of 1.42. The company has a debt-to-equity ratio of 0.41, a current ratio of 4.72 and a quick ratio of 3.91. 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.