WCM Investment Management LLC Boosts Holdings in Freshpet, Inc. (NASDAQ:FRPT)

WCM Investment Management LLC increased its holdings in Freshpet, Inc. (NASDAQ:FRPT) by 4.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,881,855 shares of the company’s stock after buying an additional 110,478 shares during the quarter. WCM Investment Management LLC owned 5.94% of Freshpet worth $430,809,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Geode Capital Management LLC boosted its holdings 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 worth $115,650,000 after buying an additional 37,287 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Freshpet by 54.4% during 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. lifted its holdings in Freshpet by 391.5% during the third quarter. Point72 Asset Management L.P. now owns 234,626 shares of the company’s stock valued at $32,090,000 after purchasing an additional 186,889 shares in the last quarter. TimesSquare Capital Management LLC lifted its holdings in Freshpet by 38.2% during the third quarter. TimesSquare Capital Management LLC now owns 199,592 shares of the company’s stock valued at $27,298,000 after purchasing an additional 55,200 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in Freshpet by 9.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 127,706 shares of the company’s stock valued at $17,466,000 after purchasing an additional 11,494 shares in the last quarter.

Insider Activity

In other news, President Scott James Morris sold 5,000 shares of the business’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $158.13, for a total transaction of $790,650.00. Following the completion of the sale, the president now directly owns 122,380 shares of the company’s stock, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 3.70% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. StockNews.com cut shares of Freshpet from a “hold” rating to a “sell” rating in a research report on Wednesday, November 20th. Oppenheimer lifted their price objective on shares of Freshpet from $155.00 to $180.00 and gave the company an “outperform” rating in a research report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft lifted their price objective 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. Wells Fargo & Company lifted their price objective on shares of Freshpet from $157.00 to $175.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Finally, Robert W. Baird boosted their price target on shares of Freshpet from $157.00 to $170.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, Freshpet currently has a consensus rating of “Moderate Buy” and a consensus target price of $163.36.

Freshpet Trading Down 0.9 %

FRPT stock opened at $147.10 on Friday. The company has a quick ratio of 3.91, a current ratio of 4.72 and a debt-to-equity ratio of 0.41. Freshpet, Inc. has a twelve month low of $84.02 and a twelve month high of $164.07. The stock has a market capitalization of $7.14 billion, a price-to-earnings ratio of 165.28 and a beta of 1.42. The firm’s fifty day simple moving average is $150.74 and its two-hundred day simple moving average is $142.54.

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.