LVW Advisors LLC Cuts Stock Holdings in Freshpet, Inc. (NASDAQ:FRPT)

LVW Advisors LLC decreased its stake in shares of Freshpet, Inc. (NASDAQ:FRPT) by 32.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,769 shares of the company’s stock after selling 1,331 shares during the period. LVW Advisors LLC’s holdings in Freshpet were worth $321,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. First Bank & Trust purchased a new position in Freshpet in the first quarter worth $454,000. GAMMA Investing LLC raised its stake in shares of Freshpet by 100.8% in the first quarter. GAMMA Investing LLC now owns 263 shares of the company’s stock valued at $30,000 after buying an additional 132 shares during the period. Moody National Bank Trust Division bought a new stake in shares of Freshpet in the first quarter valued at $243,000. Vanguard Group Inc. raised its stake in shares of Freshpet by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 4,652,698 shares of the company’s stock valued at $403,668,000 after buying an additional 32,178 shares during the period. Finally, Fisher Asset Management LLC raised its stake in shares of Freshpet by 2.1% in the fourth quarter. Fisher Asset Management LLC now owns 216,155 shares of the company’s stock valued at $18,754,000 after buying an additional 4,385 shares during the period.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on FRPT shares. Wells Fargo & Company boosted their price objective on Freshpet from $124.00 to $140.00 and gave the company an “overweight” rating in a research note on Tuesday, May 7th. Stifel Nicolaus boosted their price objective on Freshpet from $115.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. DA Davidson boosted their price objective on Freshpet from $138.00 to $153.00 and gave the company a “buy” rating in a research note on Tuesday, May 7th. Deutsche Bank Aktiengesellschaft started coverage on Freshpet in a research note on Thursday, May 23rd. They issued a “buy” rating and a $150.00 target price on the stock. Finally, Benchmark upped their target price on Freshpet from $125.00 to $150.00 and gave the stock a “buy” rating in a research note on Tuesday, June 11th. One analyst has rated the stock with a sell rating, three have issued a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $129.00.

Insider Activity

In other Freshpet news, EVP Stephen Macchiaverna sold 6,000 shares of Freshpet stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $132.13, for a total transaction of $792,780.00. Following the completion of the transaction, the executive vice president now owns 86,039 shares in the company, valued at $11,368,333.07. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 13,560 shares of company stock worth $1,701,580 in the last quarter. 3.60% of the stock is owned by company insiders.

Freshpet Price Performance

Shares of FRPT stock opened at $129.39 on Monday. The firm has a market cap of $6.27 billion, a P/E ratio of 718.87 and a beta of 1.36. Freshpet, Inc. has a fifty-two week low of $54.60 and a fifty-two week high of $132.84. The business’s 50 day moving average price is $123.24 and its 200-day moving average price is $106.34. The company has a debt-to-equity ratio of 0.43, a quick ratio of 4.09 and a current ratio of 4.97.

Freshpet (NASDAQ:FRPT) last released its earnings results on Monday, May 6th. The company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.43. The company had revenue of $223.85 million during the quarter, compared to analysts’ expectations of $216.43 million. Freshpet had a return on equity of 0.20% and a net margin of 1.19%. On average, equities research analysts anticipate that Freshpet, Inc. will post 0.54 earnings per share for the current year.

Freshpet 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.