SG Americas Securities LLC Has $2.71 Million Stake in Freshpet, Inc. $FRPT

SG Americas Securities LLC decreased its holdings in Freshpet, Inc. (NASDAQ:FRPT) by 44.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 45,970 shares of the company’s stock after selling 36,552 shares during the quarter. SG Americas Securities LLC owned approximately 0.09% of Freshpet worth $2,710,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. JPMorgan Chase & Co. raised shares of Freshpet from a “neutral” rating to an “overweight” rating and raised their target price for the company from $66.00 to $68.00 in a research note on Thursday, May 7th. Jefferies Financial Group cut their price objective on shares of Freshpet from $75.00 to $70.00 and set a “hold” rating on the stock in a report on Wednesday, April 22nd. Bank of America reduced their price objective on shares of Freshpet from $80.00 to $75.00 and set a “neutral” rating on the stock in a research note on Friday, April 10th. Benchmark raised their price objective on shares of Freshpet from $90.00 to $93.00 and gave the company a “buy” rating in a research note on Monday, March 23rd. Finally, TD Cowen upgraded shares of Freshpet from a “hold” rating to a “buy” rating and set a $80.00 target price for the company in a research report on Wednesday, April 8th. Eleven research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $74.88.

Insider Buying and Selling at Freshpet

In related news, CEO William B. Cyr sold 42,907 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $47.92, for a total value of $2,056,103.44. Following the completion of the transaction, the chief executive officer directly owned 204,585 shares in the company, valued at approximately $9,803,713.20. The trade was a 17.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last quarter, insiders bought 4,211 shares of company stock worth $215,027 and sold 235,262 shares worth $11,664,591. 4.30% of the stock is owned by company insiders.

Freshpet Stock Performance

Shares of Freshpet stock opened at $59.12 on Wednesday. The company has a market capitalization of $2.91 billion, a PE ratio of 15.81 and a beta of 1.63. Freshpet, Inc. has a 12 month low of $46.45 and a 12 month high of $86.00. The company has a current ratio of 6.18, a quick ratio of 5.26 and a debt-to-equity ratio of 0.34. The stock’s fifty day simple moving average is $54.91 and its 200 day simple moving average is $63.49.

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.