OLD National Bancorp IN trimmed its stake in shares of Freshpet Inc (NASDAQ:FRPT) by 26.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,580 shares of the company’s stock after selling 2,315 shares during the quarter. OLD National Bancorp IN’s holdings in Freshpet were worth $212,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Rhumbline Advisers increased its position in shares of Freshpet by 47.2% in the fourth quarter. Rhumbline Advisers now owns 34,841 shares of the company’s stock worth $1,120,000 after acquiring an additional 11,176 shares in the last quarter. Emerald Advisers LLC increased its position in shares of Freshpet by 3.7% in the fourth quarter. Emerald Advisers LLC now owns 886,051 shares of the company’s stock worth $28,495,000 after acquiring an additional 31,849 shares in the last quarter. Fisher Asset Management LLC increased its position in shares of Freshpet by 382.1% in the fourth quarter. Fisher Asset Management LLC now owns 77,233 shares of the company’s stock worth $2,484,000 after acquiring an additional 61,214 shares in the last quarter. We Are One Seven LLC purchased a new position in shares of Freshpet in the fourth quarter worth approximately $103,000. Finally, First Hawaiian Bank purchased a new position in shares of Freshpet in the fourth quarter worth approximately $216,000. Hedge funds and other institutional investors own 72.77% of the company’s stock.
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FRPT stock opened at $37.18 on Friday. Freshpet Inc has a 52 week low of $15.67 and a 52 week high of $40.58.
Several research analysts have recently weighed in on FRPT shares. SunTrust Banks lifted their target price on shares of Freshpet to $45.00 and gave the stock a “positive” rating in a research report on Wednesday, January 16th. BidaskClub cut shares of Freshpet from a “buy” rating to a “hold” rating in a report on Thursday, November 8th. Imperial Capital raised their price target on shares of Freshpet from $18.00 to $35.00 and gave the stock an “in-line” rating in a report on Tuesday, November 6th. Finally, Zacks Investment Research upgraded shares of Freshpet from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a report on Monday, January 7th. Four investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $33.57.
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Freshpet Company Profile
Freshpet, Inc manufactures and markets natural fresh products, refrigerated meals, and treats for dogs and cats in the United States, Canada, and the United Kingdom. The company sells its products under the Freshpet brand; and Dognation and Dog Joy labels through various classes of retail, including grocery, mass, club, pet specialty, and natural, as well as online.
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