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Key Points
- Timothy Mclevish, a Director at Freshpet, purchased 3,500 shares at an average cost of $56.00 each, totaling approximately $196,000, increasing his ownership by 11.01%.
- Freshpet reported a quarterly EPS of $0.33, significantly beating the consensus estimate of $0.12, with revenues of $264.69 million, reflecting a 12.5% year-over-year growth.
- Freshpet has recently seen substantial investment from hedge funds, including Amalgamated Bank, which raised its stake by 450.6% in the first quarter, highlighting growing institutional interest in the company.
Freshpet, Inc. (NASDAQ:FRPT – Get Free Report) Director Daryl Brewster bought 216 shares of the stock in a transaction dated Wednesday, September 10th. The shares were purchased at an average price of $57.00 per share, with a total value of $12,312.00. Following the completion of the transaction, the director directly owned 57,745 shares in the company, valued at approximately $3,291,465. The trade was a 0.38% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Freshpet Stock Down 0.4%
Shares of NASDAQ FRPT opened at $53.20 on Friday. The stock has a market capitalization of $2.60 billion, a price-to-earnings ratio of 79.40, a P/E/G ratio of 0.94 and a beta of 1.72. The company has a current ratio of 4.81, a quick ratio of 3.75 and a debt-to-equity ratio of 0.40. The firm’s 50-day moving average price is $64.05 and its 200-day moving average price is $75.39. Freshpet, Inc. has a 12-month low of $52.27 and a 12-month high of $164.07.
Freshpet (NASDAQ:FRPT – Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.21. Freshpet had a net margin of 3.23% and a return on equity of 4.82%. The company had revenue of $264.69 million for the quarter, compared to analyst estimates of $269.75 million. During the same period in the prior year, the company posted ($0.03) EPS. The firm’s revenue for the quarter was up 12.5% on a year-over-year basis. Freshpet has set its FY 2025 guidance at EPS. On average, equities research analysts anticipate that Freshpet, Inc. will post 1.55 EPS for the current fiscal year.
Analyst Ratings Changes
Several equities analysts have issued reports on the company. UBS Group cut their target price on Freshpet from $65.00 to $48.00 and set a “sell” rating on the stock in a research note on Monday. Stifel Nicolaus set a $90.00 price objective on shares of Freshpet and gave the stock a “buy” rating in a research note on Thursday, June 12th. Benchmark restated a “buy” rating and set a $95.00 target price (down from $120.00) on shares of Freshpet in a research report on Tuesday, August 5th. Zacks Research upgraded shares of Freshpet from a “strong sell” rating to a “hold” rating in a research report on Friday, August 22nd. Finally, Wells Fargo & Company decreased their price objective on shares of Freshpet from $100.00 to $88.00 and set an “overweight” rating for the company in a research report on Wednesday, July 9th. Eight research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $108.07.
Read Our Latest Stock Analysis on Freshpet
Institutional Trading of Freshpet
A number of hedge funds have recently bought and sold shares of FRPT. Deutsche Bank AG raised its holdings in Freshpet by 31.6% in the 4th quarter. Deutsche Bank AG now owns 214,974 shares of the company’s stock valued at $31,840,000 after acquiring an additional 51,621 shares during the last quarter. Focus Partners Wealth grew its holdings in Freshpet by 1.9% in the 4th quarter. Focus Partners Wealth now owns 28,597 shares of the company’s stock valued at $4,236,000 after buying an additional 545 shares in the last quarter. Hudson Bay Capital Management LP purchased a new stake in Freshpet in the 4th quarter valued at $2,108,000. Morse Asset Management Inc purchased a new stake in Freshpet in the 4th quarter valued at $70,000. Finally, Nicholas Investment Partners LP grew its holdings in Freshpet by 4.3% in the 4th quarter. Nicholas Investment Partners LP now owns 46,361 shares of the company’s stock valued at $6,867,000 after buying an additional 1,892 shares in the last quarter.
About Freshpet
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.
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