Militia Capital Management LLC Makes New $542,000 Investment in Freshpet, Inc. $FRPT

Militia Capital Management LLC purchased a new stake in Freshpet, Inc. (NASDAQ:FRPT) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 9,200 shares of the company’s stock, valued at approximately $542,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of FRPT. Caitong International Asset Management Co. Ltd raised its holdings in shares of Freshpet by 606.8% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 417 shares of the company’s stock valued at $25,000 after purchasing an additional 358 shares during the period. Motiv8 Investments LLC bought a new position in Freshpet during the fourth quarter worth about $28,000. State of Wyoming bought a new position in Freshpet during the second quarter worth about $34,000. Signaturefd LLC increased its position in Freshpet by 143.0% during the fourth quarter. Signaturefd LLC now owns 503 shares of the company’s stock worth $31,000 after buying an additional 296 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in Freshpet by 1,388.2% during the second quarter. EverSource Wealth Advisors LLC now owns 506 shares of the company’s stock worth $34,000 after buying an additional 472 shares during the last quarter.

Freshpet Stock Down 1.8%

Freshpet stock opened at $56.66 on Friday. The company’s 50-day moving average price is $53.56 and its two-hundred day moving average price is $62.64. The company has a quick ratio of 5.26, a current ratio of 6.18 and a debt-to-equity ratio of 0.34. The stock has a market cap of $2.78 billion, a P/E ratio of 15.15 and a beta of 1.60. Freshpet, Inc. has a twelve month low of $46.45 and a twelve month high of $86.00.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Bank of America dropped their price objective on Freshpet from $75.00 to $70.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 1st. Wells Fargo & Company decreased their target price on Freshpet from $75.00 to $70.00 and set an “overweight” rating on the stock in a report on Wednesday, July 8th. Morgan Stanley restated an “overweight” rating and issued a $77.00 price target on shares of Freshpet in a research note on Thursday, May 7th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $63.00 price target on shares of Freshpet in a report on Thursday, May 7th. Finally, JPMorgan Chase & Co. raised shares of Freshpet from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $66.00 to $68.00 in a research report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $74.25.

Insider Activity at Freshpet

In other news, CEO William B. Cyr sold 42,907 shares of the stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $47.92, for a total transaction of $2,056,103.44. Following the transaction, the chief executive officer owned 204,585 shares in the company, valued at approximately $9,803,713.20. This trade represents a 17.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last 90 days, insiders purchased 4,211 shares of company stock valued at $215,027 and sold 235,262 shares valued at $11,664,591. Insiders own 4.30% of the company’s stock.

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.