Contravisory Investment Management Inc. trimmed its position in shares of Freshpet, Inc. (NASDAQ:FRPT – Free Report) by 12.0% in the second quarter, HoldingsChannel reports. The firm owned 3,200 shares of the company’s stock after selling 435 shares during the period. Contravisory Investment Management Inc.’s holdings in Freshpet were worth $414,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. CWM LLC increased its holdings in shares of Freshpet by 65.9% during the second quarter. CWM LLC now owns 496 shares of the company’s stock valued at $64,000 after purchasing an additional 197 shares during the period. GAMMA Investing LLC lifted its stake in shares of Freshpet by 41.1% in the 2nd quarter. GAMMA Investing LLC now owns 371 shares of the company’s stock worth $48,000 after acquiring an additional 108 shares during the period. Motley Fool Asset Management LLC bought a new position in shares of Freshpet in the first quarter valued at approximately $348,000. Bayesian Capital Management LP increased its stake in shares of Freshpet by 37.6% during the first quarter. Bayesian Capital Management LP now owns 16,458 shares of the company’s stock valued at $1,907,000 after acquiring an additional 4,500 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its holdings in Freshpet by 199.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 98,924 shares of the company’s stock worth $11,462,000 after purchasing an additional 65,868 shares in the last quarter.
Freshpet Stock Up 0.8 %
NASDAQ FRPT traded up $1.04 during trading on Thursday, reaching $129.30. 654,501 shares of the company’s stock were exchanged, compared to its average volume of 618,914. The firm has a market capitalization of $6.26 billion, a PE ratio of 717.22 and a beta of 1.36. Freshpet, Inc. has a fifty-two week low of $54.60 and a fifty-two week high of $136.35. The company has a current ratio of 4.97, a quick ratio of 4.09 and a debt-to-equity ratio of 0.43. The company’s fifty day simple moving average is $126.46 and its 200-day simple moving average is $114.07.
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on FRPT shares. JPMorgan Chase & Co. lifted their price target on Freshpet from $113.00 to $126.00 and gave the company a “neutral” rating in a research report on Tuesday. TD Cowen boosted their price target on shares of Freshpet from $128.00 to $143.00 and gave the stock a “buy” rating in a research report on Tuesday, May 7th. Piper Sandler restated an “overweight” rating and set a $150.00 price objective on shares of Freshpet in a research report on Tuesday, July 2nd. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Freshpet in a report on Thursday, May 23rd. They issued a “buy” rating and a $150.00 target price on the stock. Finally, Bank of America lifted their price target on shares of Freshpet from $140.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, Freshpet presently has a consensus rating of “Moderate Buy” and an average target price of $135.47.
View Our Latest Stock Report on Freshpet
Insider Transactions at Freshpet
In related news, EVP Stephen Macchiaverna sold 6,000 shares of Freshpet stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $132.13, for a total transaction of $792,780.00. Following the completion of the sale, the executive vice president now owns 86,039 shares of the company’s stock, valued at $11,368,333.07. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 3.60% of the stock is currently owned by company insiders.
About Freshpet
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.
Read More
- Five stocks we like better than Freshpet
- Basic Materials Stocks Investing
- Owens-Corning Stock: Good Value or Recession Red Flag?
- High Flyers: 3 Natural Gas Stocks for March 2022
- Datadog Exceeds Q2 Expectations, Solidifies Market Leadership
- What Investors Need to Know to Beat the Market
- Cybersecurity Stock Surges, Promising Double-Digit Gains
Want to see what other hedge funds are holding FRPT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Freshpet, Inc. (NASDAQ:FRPT – Free Report).
Receive News & Ratings for Freshpet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Freshpet and related companies with MarketBeat.com's FREE daily email newsletter.