Freshpet, Inc. $FRPT Shares Bought by Fort Point Capital Partners LLC

Fort Point Capital Partners LLC increased its holdings in Freshpet, Inc. (NASDAQ:FRPT) by 3.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 347,257 shares of the company’s stock after purchasing an additional 10,283 shares during the quarter. Freshpet accounts for about 2.5% of Fort Point Capital Partners LLC’s holdings, making the stock its 9th largest holding. Fort Point Capital Partners LLC’s holdings in Freshpet were worth $21,967,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of FRPT. Signaturefd LLC raised its holdings in Freshpet by 143.0% in the 4th quarter. Signaturefd LLC now owns 503 shares of the company’s stock worth $31,000 after purchasing an additional 296 shares during the period. Parallel Advisors LLC raised its holdings in Freshpet by 55.0% in the 3rd quarter. Parallel Advisors LLC now owns 555 shares of the company’s stock worth $31,000 after purchasing an additional 197 shares during the period. MassMutual Private Wealth & Trust FSB raised its holdings in Freshpet by 445.4% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 529 shares of the company’s stock worth $32,000 after purchasing an additional 432 shares during the period. TD Waterhouse Canada Inc. acquired a new position in Freshpet in the 4th quarter worth about $32,000. Finally, EverSource Wealth Advisors LLC raised its holdings in Freshpet by 1,388.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 506 shares of the company’s stock worth $34,000 after purchasing an additional 472 shares during the period.

Insider Activity at Freshpet

In related news, CEO William B. Cyr sold 42,495 shares of the stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $51.03, for a total value of $2,168,519.85. Following the completion of the sale, the chief executive officer owned 224,459 shares of the company’s stock, valued at approximately $11,454,142.77. This trade represents a 15.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Craig D. Steeneck purchased 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The stock was bought at an average cost of $47.83 per share, with a total value of $95,660.00. Following the acquisition, the director owned 37,500 shares of the company’s stock, valued at approximately $1,793,625. The trade was a 5.63% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders purchased 4,211 shares of company stock valued at $215,027 and sold 235,262 shares valued at $11,664,591. 4.30% of the stock is currently owned by company insiders.

Freshpet Price Performance

NASDAQ:FRPT opened at $52.66 on Friday. Freshpet, Inc. has a one year low of $46.45 and a one year high of $86.00. The company has a debt-to-equity ratio of 0.34, a quick ratio of 5.26 and a current ratio of 6.18. The stock has a market cap of $2.59 billion, a PE ratio of 14.08 and a beta of 1.63. The stock has a 50 day moving average price of $57.21 and a 200 day moving average price of $63.80.

Wall Street Analyst Weigh In

FRPT has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $63.00 price target on shares of Freshpet in a report on Thursday, May 7th. Oppenheimer raised Freshpet from a “market perform” rating to an “outperform” rating and set a $80.00 target price for the company in a report on Friday, March 20th. Bank of America reduced their target price on Freshpet from $80.00 to $75.00 and set a “neutral” rating for the company in a report on Friday, April 10th. TD Cowen raised Freshpet from a “hold” rating to a “buy” rating and set a $80.00 target price for the company in a report on Wednesday, April 8th. Finally, DA Davidson increased their target price on Freshpet from $98.00 to $101.00 and gave the company a “buy” rating in a report on Monday, April 13th. Eleven research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Freshpet currently has a consensus rating of “Moderate Buy” and a consensus price target of $74.88.

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.