Militia Capital Management LLC Purchases New Holdings in Freshpet, Inc. $FRPT

Militia Capital Management LLC purchased a new stake in Freshpet, Inc. (NASDAQ:FRPT) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 9,200 shares of the company’s stock, valued at approximately $542,000.

Several other institutional investors have also recently made changes to their positions in the stock. Royal Bank of Canada boosted its holdings in shares of 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 buying an additional 31,334 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in Freshpet by 734.1% during the first quarter. Jones Financial Companies Lllp now owns 1,810 shares of the company’s stock worth $151,000 after buying an additional 1,593 shares during the last quarter. United Services Automobile Association bought a new stake in Freshpet during the first quarter worth $247,000. EverSource Wealth Advisors LLC raised its position in Freshpet by 1,388.2% during the second quarter. EverSource Wealth Advisors LLC now owns 506 shares of the company’s stock worth $34,000 after acquiring an additional 472 shares in the last quarter. Finally, Cresset Asset Management LLC lifted its stake in Freshpet by 140.3% in the second 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 last quarter.

Analyst Ratings Changes

Several research analysts have recently weighed in on FRPT shares. DA Davidson upgraded shares of Freshpet to a “strong-buy” rating in a research note on Monday, July 6th. Piper Sandler reiterated an “overweight” rating on shares of Freshpet in a report on Monday, June 15th. Weiss Ratings downgraded Freshpet from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, June 1st. JPMorgan Chase & Co. upped their price objective on Freshpet from $68.00 to $72.00 and gave the company an “overweight” rating in a research note on Tuesday, July 28th. Finally, Stifel Nicolaus set a $66.00 price objective on Freshpet in a research report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $74.50.

Freshpet Stock Performance

NASDAQ FRPT opened at $59.62 on Tuesday. The stock has a market cap of $2.93 billion, a PE ratio of 15.94 and a beta of 1.61. 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 firm has a 50-day moving average of $55.00 and a 200-day moving average of $62.51. Freshpet, Inc. has a 52-week low of $46.45 and a 52-week high of $86.00.

Insiders Place Their Bets

In other Freshpet news, CEO William B. Cyr sold 42,907 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $47.92, for a total transaction of $2,056,103.44. Following the completion of the sale, the chief executive officer directly owned 204,585 shares in the company, valued at $9,803,713.20. This trade represents a 17.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Over the last quarter, insiders have bought 4,211 shares of company stock valued at $215,027 and have sold 235,262 shares valued at $11,664,591. 4.30% of the stock is currently owned by corporate insiders.

About Freshpet

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.