First Trust Advisors LP boosted its position in shares of Freshpet, Inc. (NASDAQ:FRPT) by 99.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,629 shares of the company’s stock after acquiring an additional 26,192 shares during the period. First Trust Advisors LP owned 0.13% of Freshpet worth $7,473,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in FRPT. Envestnet Asset Management Inc. lifted its position in Freshpet by 13.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 16,389 shares of the company’s stock worth $1,830,000 after acquiring an additional 1,898 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of Freshpet by 9.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 10,900 shares of the company’s stock worth $1,217,000 after purchasing an additional 900 shares during the period. Syntal Capital Partners LLC bought a new position in shares of Freshpet during the 3rd quarter worth about $1,599,000. KBC Group NV increased its holdings in shares of Freshpet by 9.5% during the 3rd quarter. KBC Group NV now owns 15,471 shares of the company’s stock worth $1,727,000 after purchasing an additional 1,336 shares during the period. Finally, Avestar Capital LLC bought a new position in shares of Freshpet during the 3rd quarter worth about $272,000. 93.96% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have recently issued reports on FRPT shares. TheStreet downgraded shares of Freshpet from a “b” rating to a “c+” rating in a report on Monday, November 2nd. Stephens started coverage on shares of Freshpet in a report on Tuesday, January 19th. They set an “overweight” rating and a $180.00 price objective on the stock. Bank of America upgraded shares of Freshpet from a “neutral” rating to a “buy” rating and set a $160.00 price objective on the stock in a report on Wednesday, January 6th. JPMorgan Chase & Co. boosted their price objective on shares of Freshpet from $160.00 to $170.00 in a report on Tuesday, January 19th. Finally, Robert W. Baird upped their target price on shares of Freshpet from $115.00 to $135.00 and gave the company an “outperform” rating in a research note on Tuesday, November 3rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the stock. Freshpet has a consensus rating of “Buy” and a consensus target price of $129.88.

In other Freshpet news, Director Daryl G. Brewster sold 16,053 shares of the business’s stock in a transaction dated Tuesday, December 8th. The shares were sold at an average price of $136.76, for a total value of $2,195,408.28. Following the transaction, the director now directly owns 58,132 shares in the company, valued at $7,950,132.32. The transaction was disclosed in a document filed with the SEC, which is available through this link. 4.50% of the stock is owned by insiders.

NASDAQ:FRPT opened at $167.26 on Thursday. The firm has a market cap of $6.80 billion, a PE ratio of 1,520.68, a price-to-earnings-growth ratio of 5.40 and a beta of 0.85. Freshpet, Inc. has a 12 month low of $40.79 and a 12 month high of $173.52. The company’s 50-day moving average price is $149.97 and its two-hundred day moving average price is $127.59.

Freshpet Profile

Freshpet, Inc manufactures and markets natural fresh products, refrigerated meals, and treats for dogs and cats in the United States, Canada, and the United Kingdom. The company sells its products under the Freshpet brand; and Dognation and Dog Joy labels through various classes of retail, including grocery, mass, club, pet specialty, and natural, as well as online.

See Also: Initial Coin Offering (ICO)

Institutional Ownership by Quarter for Freshpet (NASDAQ:FRPT)

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