Savant Capital LLC Lowers Stock Holdings in Freshpet, Inc. (NASDAQ:FRPT)

Savant Capital LLC cut its position in Freshpet, Inc. (NASDAQ:FRPT) by 1.7% in the fourth quarter, HoldingsChannel reports. The institutional investor 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 institutional investors and hedge funds have also recently modified their holdings of the company. WCM Investment Management LLC grew its position in Freshpet by 4.0% in the 4th quarter. WCM Investment Management LLC now owns 2,881,855 shares of the company’s stock valued at $430,809,000 after acquiring an additional 110,478 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Freshpet by 4.7% in the third quarter. Geode Capital Management LLC now owns 835,663 shares of the company’s stock valued at $115,650,000 after purchasing an additional 37,287 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Freshpet by 54.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 439,681 shares of the company’s stock valued at $60,135,000 after purchasing an additional 154,909 shares in the last quarter. Point72 Asset Management L.P. increased its stake in Freshpet by 391.5% during the 3rd quarter. Point72 Asset Management L.P. now owns 234,626 shares of the company’s stock worth $32,090,000 after buying an additional 186,889 shares during the period. Finally, TimesSquare Capital Management LLC lifted its holdings in Freshpet by 38.2% during the 3rd quarter. TimesSquare Capital Management LLC now owns 199,592 shares of the company’s stock worth $27,298,000 after buying an additional 55,200 shares in the last quarter.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on FRPT shares. Wells Fargo & Company upped their price objective on Freshpet from $157.00 to $175.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. JPMorgan Chase & Co. increased their price target on Freshpet from $126.00 to $154.00 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. Citigroup decreased their price objective on Freshpet from $155.00 to $142.00 and set a “neutral” rating for the company in a research note on Wednesday. TD Cowen upped their target price on shares of Freshpet from $160.00 to $174.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Finally, Robert W. Baird lifted their price target on shares of Freshpet from $157.00 to $170.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 5th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $164.29.

Insider Activity at Freshpet

In other Freshpet news, President Scott James Morris sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $158.13, for a total value of $790,650.00. Following the completion of the sale, the president now owns 122,380 shares in the company, valued at approximately $19,351,949.40. The trade was a 3.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 3.70% of the company’s stock.

Freshpet Stock Performance

NASDAQ FRPT opened at $129.61 on Friday. The company has a fifty day moving average of $148.30 and a two-hundred day moving average of $142.97. The company has a market capitalization of $6.29 billion, a PE ratio of 145.63 and a beta of 1.42. Freshpet, Inc. has a 1 year low of $85.50 and a 1 year high of $164.07. 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 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.