WINTON GROUP Ltd Buys Shares of 55,188 Freshpet, Inc. $FRPT

WINTON GROUP Ltd bought a new stake in shares of Freshpet, Inc. (NASDAQ:FRPT) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 55,188 shares of the company’s stock, valued at approximately $3,363,000.

A number of other institutional investors and hedge funds have also bought and sold shares of FRPT. Royal Bank of Canada raised its position in Freshpet by 86.3% during the 1st quarter. Royal Bank of Canada now owns 67,623 shares of the company’s stock valued at $5,624,000 after purchasing an additional 31,334 shares in the last quarter. Jones Financial Companies Lllp raised its position in Freshpet by 734.1% during the 1st quarter. Jones Financial Companies Lllp now owns 1,810 shares of the company’s stock valued at $151,000 after purchasing an additional 1,593 shares in the last quarter. United Services Automobile Association bought a new stake in Freshpet during the 1st quarter valued at $247,000. EverSource Wealth Advisors LLC increased its holdings in shares of 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 acquiring an additional 472 shares during the period. Finally, Cresset Asset Management LLC increased its holdings in shares of Freshpet by 140.3% in the 2nd quarter. Cresset Asset Management LLC now owns 6,296 shares of the company’s stock valued at $428,000 after acquiring an additional 3,676 shares during the period.

Freshpet Price Performance

Shares of FRPT stock opened at $49.74 on Monday. Freshpet, Inc. has a 1-year low of $46.45 and a 1-year high of $86.00. The stock’s fifty day moving average price is $57.86 and its 200 day moving average price is $63.93. The company has a debt-to-equity ratio of 0.34, a current ratio of 6.18 and a quick ratio of 5.26. The company has a market cap of $2.44 billion, a price-to-earnings ratio of 13.30 and a beta of 1.63.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $63.00 price target on shares of Freshpet in a report on Thursday, May 7th. TD Cowen upgraded Freshpet from a “hold” rating to a “buy” rating and set a $80.00 price target on the stock in a report on Wednesday, April 8th. Bank of America cut their price target on Freshpet from $80.00 to $75.00 and set a “neutral” rating on the stock in a report on Friday, April 10th. Weiss Ratings downgraded Freshpet from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, June 1st. Finally, Stifel Nicolaus set a $66.00 price target on Freshpet in a report on Thursday, May 7th. Eleven analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $74.88.

Insiders Place Their Bets

In related news, CEO William B. Cyr sold 42,907 shares of the business’s stock in a transaction 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 directly owned 204,585 shares in the company, valued at $9,803,713.20. The trade was a 17.34% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last quarter, insiders acquired 4,211 shares of company stock worth $215,027 and sold 235,262 shares worth $11,664,591. 4.30% of the stock is currently owned by company insiders.

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.