Armistice Capital LLC Purchases 61,198 Shares of Freshpet, Inc. $FRPT

Armistice Capital LLC raised its position in Freshpet, Inc. (NASDAQ:FRPT) by 5.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,296,000 shares of the company’s stock after purchasing an additional 61,198 shares during the period. Freshpet accounts for 0.9% of Armistice Capital LLC’s investment portfolio, making the stock its 13th biggest position. Armistice Capital LLC owned about 2.66% of Freshpet worth $78,965,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of FRPT. Royal Bank of Canada boosted its holdings in Freshpet by 86.3% in 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 during the period. Jones Financial Companies Lllp boosted its holdings in Freshpet by 734.1% in 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 during the period. United Services Automobile Association bought a new position in Freshpet in the 1st quarter valued at $247,000. 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. Finally, Cresset Asset Management LLC boosted its holdings in 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 purchasing an additional 3,676 shares during the period.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Jefferies Financial Group cut their price target on shares of Freshpet from $75.00 to $70.00 and set a “hold” rating for the company in a report on Wednesday, April 22nd. Benchmark raised their price target on shares of Freshpet from $90.00 to $93.00 and gave the company a “buy” rating in a report on Monday, March 23rd. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $63.00 price objective on shares of Freshpet in a research report on Thursday, May 7th. Stifel Nicolaus set a $66.00 price objective on shares of Freshpet in a research report on Thursday, May 7th. Finally, Bank of America lowered their price objective on shares of Freshpet from $80.00 to $75.00 and set a “neutral” rating on the stock in a research report on Friday, April 10th. Eleven equities 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. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $74.88.

Insider Buying and Selling at Freshpet

In other Freshpet news, Director Craig D. Steeneck bought 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The shares were bought at an average price of $47.83 per share, for a total transaction of $95,660.00. Following the transaction, the director directly owned 37,500 shares in the company, valued at $1,793,625. This trade represents a 5.63% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO William B. Cyr sold 42,495 shares of Freshpet stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $51.03, for a total transaction of $2,168,519.85. Following the completion of the transaction, the chief executive officer owned 224,459 shares in the company, valued at approximately $11,454,142.77. The trade was a 15.92% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have bought 4,211 shares of company stock worth $215,027 and have sold 235,262 shares worth $11,664,591. Company insiders own 4.30% of the company’s stock.

Freshpet Stock Performance

Freshpet stock opened at $55.66 on Thursday. The firm’s fifty day moving average price is $57.00 and its 200-day moving average price is $63.86. 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 $2.74 billion, a P/E ratio of 14.88 and a beta of 1.63. Freshpet, Inc. has a fifty-two week low of $46.45 and a fifty-two week high of $86.00.

Freshpet Company 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.