Freshpet Inc (NASDAQ:FRPT) Stake Lifted by Schwab Charles Investment Management Inc.

Schwab Charles Investment Management Inc. grew its stake in shares of Freshpet Inc (NASDAQ:FRPT) by 43.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 99,125 shares of the company’s stock after acquiring an additional 30,189 shares during the period. Schwab Charles Investment Management Inc. owned about 0.28% of Freshpet worth $1,552,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Gilder Gagnon Howe & Co. LLC grew its stake in Freshpet by 117.1% in the 3rd quarter. Gilder Gagnon Howe & Co. LLC now owns 1,682,510 shares of the company’s stock worth $26,331,000 after acquiring an additional 907,644 shares during the period. Vanguard Group Inc. grew its stake in Freshpet by 3.6% in the 2nd quarter. Vanguard Group Inc. now owns 1,095,224 shares of the company’s stock worth $18,181,000 after acquiring an additional 37,762 shares during the period. JPMorgan Chase & Co. grew its stake in Freshpet by 7.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,062,292 shares of the company’s stock worth $16,573,000 after acquiring an additional 73,182 shares during the period. Emerald Advisers Inc. PA grew its stake in Freshpet by 27.1% in the 3rd quarter. Emerald Advisers Inc. PA now owns 860,124 shares of the company’s stock worth $13,461,000 after acquiring an additional 183,620 shares during the period. Finally, Emerald Mutual Fund Advisers Trust grew its stake in Freshpet by 60.4% in the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 676,608 shares of the company’s stock worth $10,589,000 after acquiring an additional 254,789 shares during the period. Institutional investors own 74.25% of the company’s stock.

Shares of Freshpet Inc (NASDAQ FRPT) traded up $0.20 during trading on Monday, hitting $18.95. 125,841 shares of the stock were exchanged, compared to its average volume of 139,488. The firm has a market cap of $653.65, a price-to-earnings ratio of -133.92 and a beta of 1.77. Freshpet Inc has a 1-year low of $9.25 and a 1-year high of $20.50.

Several analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Freshpet from a “hold” rating to a “sell” rating in a research note on Tuesday, January 9th. Credit Suisse Group boosted their price objective on shares of Freshpet from $17.00 to $20.00 and gave the company a “neutral” rating in a research note on Wednesday, January 24th. Robert W. Baird reaffirmed a “buy” rating and set a $22.00 price target on shares of Freshpet in a research report on Wednesday, January 3rd. BidaskClub raised shares of Freshpet from a “hold” rating to a “buy” rating in a research report on Friday, December 22nd. Finally, Stifel Nicolaus reaffirmed a “buy” rating on shares of Freshpet in a research report on Friday, December 15th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $19.07.

In other Freshpet news, CFO Richard A. Kassar sold 10,000 shares of the company’s stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $18.93, for a total value of $189,300.00. Following the completion of the transaction, the chief financial officer now owns 209,994 shares in the company, valued at approximately $3,975,186.42. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Scott James Morris sold 20,000 shares of the company’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $17.26, for a total transaction of $345,200.00. Following the completion of the transaction, the insider now owns 212,307 shares of the company’s stock, valued at approximately $3,664,418.82. The disclosure for this sale can be found here. In the last 90 days, insiders sold 53,272 shares of company stock worth $953,735. Company insiders own 6.80% of the company’s stock.

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Freshpet Company Profile

Freshpet, Inc is a manufacturer of fresh, refrigerated pet food distributed across North America. The Company operates in the segment of manufacturing, marketing and distribution of pet food and pet treats for dogs and cats. The Company’s products consist of dog food, cat food, and dog and cat treats.

Institutional Ownership by Quarter for Freshpet (NASDAQ:FRPT)

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