Militia Capital Management LLC Acquires Shares of 9,200 Freshpet, Inc. $FRPT

Militia Capital Management LLC acquired a new position in shares of Freshpet, Inc. (NASDAQ:FRPT) during the 1st quarter, Holdings Channel reports. The firm acquired 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 the company. Caitong International Asset Management Co. Ltd grew its stake in shares of Freshpet by 606.8% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 417 shares of the company’s stock valued at $25,000 after acquiring an additional 358 shares in the last quarter. Motiv8 Investments LLC bought a new position in Freshpet during the fourth quarter worth about $28,000. State of Wyoming acquired a new stake in Freshpet in the 2nd quarter worth about $34,000. Signaturefd LLC raised its stake 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 in the last quarter. Finally, EverSource Wealth Advisors LLC boosted 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 valued at $34,000 after purchasing an additional 472 shares during the period.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. TD Cowen upgraded shares of Freshpet from a “hold” rating to a “buy” rating and set a $80.00 target price on the stock in a research report on Wednesday, April 8th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $63.00 price target on shares of Freshpet in a research note on Thursday, May 7th. Bank of America reduced their price target on Freshpet from $75.00 to $70.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 1st. DA Davidson upgraded Freshpet to a “strong-buy” rating in a research note on Monday, July 6th. Finally, Weiss Ratings cut Freshpet from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, June 1st. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Freshpet currently has an average rating of “Moderate Buy” and an average price target of $74.50.

Freshpet Price Performance

Shares of FRPT stock opened at $59.62 on Tuesday. The business has a fifty day simple moving average of $55.00 and a 200 day simple moving average of $62.51. The company has a market cap of $2.93 billion, a P/E ratio of 15.94 and a beta of 1.61. The company has a quick ratio of 5.26, a current ratio of 6.18 and a debt-to-equity ratio of 0.34. Freshpet, Inc. has a twelve month low of $46.45 and a twelve month high of $86.00.

Insider Buying and Selling

In other Freshpet news, CEO William B. Cyr sold 42,907 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chief executive officer owned 204,585 shares of the company’s stock, valued at approximately $9,803,713.20. The trade was a 17.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last three months, insiders bought 4,211 shares of company stock worth $215,027 and sold 235,262 shares worth $11,664,591. Insiders own 4.30% of the company’s stock.

Freshpet Profile

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.