9,200 Shares in Freshpet, Inc. $FRPT Purchased by Militia Capital Management LLC

Militia Capital Management LLC acquired a new position in Freshpet, Inc. (NASDAQ:FRPT) in the 1st quarter, Holdings Channel reports. The institutional investor acquired 9,200 shares of the company’s stock, valued at approximately $542,000.

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in Freshpet by 2.5% in the 4th quarter. Vanguard Group Inc. now owns 5,281,833 shares of the company’s stock valued at $321,822,000 after acquiring an additional 128,499 shares during the period. William Blair Investment Management LLC raised its position in Freshpet by 30.9% during the fourth quarter. William Blair Investment Management LLC now owns 1,952,767 shares of the company’s stock worth $118,982,000 after acquiring an additional 461,444 shares during the period. Impax Asset Management Group plc lifted its holdings in Freshpet by 100.0% during the fourth quarter. Impax Asset Management Group plc now owns 140,000 shares of the company’s stock valued at $8,530,000 after purchasing an additional 70,000 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in Freshpet by 107.4% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 193,584 shares of the company’s stock valued at $11,795,000 after purchasing an additional 100,260 shares in the last quarter. Finally, Fortis Group Advisors LLC acquired a new stake in shares of Freshpet in the fourth quarter valued at about $1,722,000.

Freshpet Trading Down 1.8%

Shares of Freshpet stock opened at $56.66 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 6.18 and a quick ratio of 5.26. The stock’s 50 day simple moving average is $53.56 and its 200-day simple moving average is $62.64. The stock has a market cap of $2.78 billion, a P/E ratio of 15.15 and a beta of 1.60. Freshpet, Inc. has a 1-year low of $46.45 and a 1-year high of $86.00.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on FRPT shares. Wells Fargo & Company cut their target price on shares of Freshpet from $75.00 to $70.00 and set an “overweight” rating for the company in a research note on Wednesday, July 8th. Weiss Ratings lowered shares of Freshpet from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, June 1st. Morgan Stanley reiterated an “overweight” rating and issued a $77.00 price objective on shares of Freshpet in a report on Thursday, May 7th. Piper Sandler reiterated an “overweight” rating on shares of Freshpet in a research note on Monday, June 15th. Finally, Bank of America reduced their target price on Freshpet from $75.00 to $70.00 and set a “neutral” rating for the company in a report on Wednesday, July 1st. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $74.25.

Insider Buying and Selling

In other Freshpet news, CEO William B. Cyr sold 42,907 shares of the business’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $47.92, for a total transaction of $2,056,103.44. Following the transaction, the chief executive officer owned 204,585 shares of the company’s stock, valued at approximately $9,803,713.20. The trade was a 17.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last quarter, insiders purchased 4,211 shares of company stock worth $215,027 and sold 235,262 shares worth $11,664,591. Insiders own 4.30% of the company’s stock.

About Freshpet

Freshpet Inc (NASDAQ: FRPT) is a leading pet food company specializing in fresh, refrigerated meals and treats for dogs and cats. The company’s products are formulated with carefully selected, natural ingredients and are designed to offer a higher level of nutrition and freshness than traditional dry or canned pet foods. Freshpet’s offerings include refrigerated rolls, pâtés and snacks, all of which are sold through the refrigerated section of grocery, mass-market and pet specialty stores.

Freshpet’s product portfolio is built around the concept of fresh, minimally processed recipes that do not require preservatives or artificial colors.