Freshpet, Inc. (NASDAQ:FRPT) Shares Bought by Legato Capital Management LLC

Legato Capital Management LLC increased its position in shares of Freshpet, Inc. (NASDAQ:FRPT - Free Report) by 24.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 14,172 shares of the company's stock after purchasing an additional 2,811 shares during the quarter. Legato Capital Management LLC's holdings in Freshpet were worth $2,099,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. ORG Wealth Partners LLC acquired a new position in Freshpet during the third quarter worth $29,000. Geneos Wealth Management Inc. raised its holdings in Freshpet by 302.0% during the fourth quarter. Geneos Wealth Management Inc. now owns 201 shares of the company's stock worth $30,000 after purchasing an additional 151 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Freshpet during the third quarter worth $32,000. R Squared Ltd acquired a new position in Freshpet during the fourth quarter worth $39,000. Finally, Brooklyn Investment Group acquired a new position in Freshpet during the third quarter worth $54,000.

Wall Street Analyst Weigh In

FRPT has been the subject of a number of analyst reports. TD Cowen boosted their price target on Freshpet from $160.00 to $174.00 and gave the stock a "buy" rating in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft boosted their price target on Freshpet from $161.00 to $163.00 and gave the stock a "buy" rating in a report on Tuesday, November 5th. DA Davidson boosted their price target on Freshpet from $183.00 to $189.00 and gave the stock a "buy" rating in a report on Tuesday, November 5th. Oppenheimer boosted their price target on Freshpet from $155.00 to $180.00 and gave the stock an "outperform" rating in a report on Thursday, November 14th. Finally, Wells Fargo & Company boosted their price target on Freshpet from $157.00 to $175.00 and gave the stock an "overweight" rating in a report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, two have given a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $164.29.

Insider Buying and Selling at Freshpet

In other Freshpet news, President Scott James Morris sold 5,000 shares of the business's stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $157.38, for a total transaction of $786,900.00. Following the transaction, the president now owns 122,380 shares in the company, valued at $19,260,164.40. The trade was a 3.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.70% of the stock is owned by company insiders.

Freshpet Trading Down 1.3 %

FRPT stock traded down $1.68 during trading on Friday, reaching $129.61. 633,801 shares of the stock traded hands, compared to its average volume of 554,699. The business's 50 day moving average price is $148.30 and its 200-day moving average price is $142.97. Freshpet, Inc. has a 52-week low of $85.50 and a 52-week high of $164.07. The company has a debt-to-equity ratio of 0.41, a current ratio of 4.72 and a quick ratio of 3.91. The firm has a market capitalization of $6.29 billion, a PE ratio of 145.63 and a beta of 1.42.

Freshpet Company Profile

Freshpet, Inc, together with its subsidiaries, manufactures, distributes, and markets natural fresh meals and treats for dogs and cats in the United States, Canada, and Europe. It sells dog food, cat food, and dog treats under the Freshpet brand name; and Dognation and Dog Joy labels through various classes of retail, including grocery, mass, club, pet specialty, and natural, as well as online.