Jennison Associates LLC Boosts Stake in Freshpet, Inc. $FRPT

Posted by on Jul 21st, 2026

Jennison Associates LLC raised its stake in shares of Freshpet, Inc. (NASDAQ:FRPT – Free Report) by 200.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 651,202 shares of the company’s stock after acquiring an additional 434,582 shares during the quarter. Jennison Associates LLC’s holdings in Freshpet were worth $38,395,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of Freshpet by 2.5% in the 4th quarter. Vanguard Group Inc. now owns 5,281,833 shares of the company’s stock valued at $321,822,000 after buying an additional 128,499 shares in the last quarter. Wasatch Advisors LP lifted its position in Freshpet by 5.2% during the first quarter. Wasatch Advisors LP now owns 4,141,437 shares of the company’s stock valued at $244,179,000 after acquiring an additional 204,128 shares during the last quarter. William Blair Investment Management LLC lifted its position in Freshpet by 30.9% during the fourth quarter. William Blair Investment Management LLC now owns 1,952,767 shares of the company’s stock valued at $118,982,000 after acquiring an additional 461,444 shares during the last quarter. Capital World Investors lifted its position in Freshpet by 7.1% during the fourth quarter. Capital World Investors now owns 1,587,691 shares of the company’s stock valued at $96,738,000 after acquiring an additional 104,913 shares during the last quarter. Finally, Armistice Capital LLC boosted its position in shares of Freshpet by 5.0% in the 4th quarter. Armistice Capital LLC now owns 1,296,000 shares of the company’s stock worth $78,965,000 after purchasing an additional 61,198 shares in the last quarter.

Insider Transactions at Freshpet

In other Freshpet news, CEO William B. Cyr sold 42,495 shares of the stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $51.03, for a total transaction of $2,168,519.85. Following the transaction, the chief executive officer owned 224,459 shares in the company, valued at approximately $11,454,142.77. This represents a 15.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Craig D. Steeneck acquired 2,000 shares of the business’s stock in a transaction dated Wednesday, May 20th. The stock was acquired at an average price of $47.83 per share, with a total value of $95,660.00. Following the completion of the transaction, the director directly owned 37,500 shares of the company’s stock, valued at approximately $1,793,625. This represents a 5.63% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders have bought 4,211 shares of company stock worth $215,027 and have sold 235,262 shares worth $11,664,591. 4.30% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on FRPT shares. JPMorgan Chase & Co. upgraded shares of Freshpet from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $66.00 to $68.00 in a report on Thursday, May 7th. Piper Sandler reaffirmed an “overweight” rating on shares of Freshpet in a report on Monday, June 15th. Wells Fargo & Company decreased their target price on Freshpet from $75.00 to $70.00 and set an “overweight” rating for the company in a report on Wednesday, July 8th. Stifel Nicolaus set a $66.00 price target on shares of Freshpet in a report on Thursday, May 7th. Finally, TD Cowen raised shares of Freshpet from a “hold” rating to a “buy” rating and set a $80.00 price target for the company in a research report on Wednesday, April 8th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $74.25.

Read Our Latest Research Report on Freshpet

Freshpet Stock Up 0.5%

FRPT stock opened at $56.95 on Tuesday. Freshpet, Inc. has a one year low of $46.45 and a one year high of $86.00. 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’s fifty day moving average is $53.08 and its 200 day moving average is $62.70. The firm has a market cap of $2.80 billion, a PE ratio of 15.23 and a beta of 1.60.

Freshpet Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Freshpet (NASDAQ:FRPT)

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