Freshpet, Inc. $FRPT Shares Purchased by Ieq Capital LLC

Ieq Capital LLC boosted its position in Freshpet, Inc. (NASDAQ:FRPT) by 268.6% during the 1st quarter, Holdings Channel reports. The fund owned 13,388 shares of the company’s stock after acquiring an additional 9,756 shares during the quarter. Ieq Capital LLC’s holdings in Freshpet were worth $1,113,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Gabelli Funds LLC raised its holdings in Freshpet by 23.3% in the first quarter. Gabelli Funds LLC now owns 2,650 shares of the company’s stock valued at $220,000 after acquiring an additional 500 shares in the last quarter. Corebridge Financial Inc. raised its holdings in Freshpet by 313.8% in the first quarter. Corebridge Financial Inc. now owns 2,044 shares of the company’s stock valued at $170,000 after acquiring an additional 1,550 shares in the last quarter. Comerica Bank raised its holdings in Freshpet by 32.1% in the first quarter. Comerica Bank now owns 18,652 shares of the company’s stock valued at $1,551,000 after acquiring an additional 4,535 shares in the last quarter. Campbell & CO Investment Adviser LLC acquired a new stake in Freshpet in the first quarter valued at approximately $1,706,000. Finally, Quantitative Investment Management LLC acquired a new stake in Freshpet during the first quarter worth approximately $217,000.

Freshpet Stock Performance

Shares of FRPT opened at $55.82 on Tuesday. 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 has a market cap of $2.72 billion, a PE ratio of 83.31, a price-to-earnings-growth ratio of 0.99 and a beta of 1.72. The company’s 50 day simple moving average is $66.54 and its 200-day simple moving average is $78.33. Freshpet, Inc. has a 12-month low of $55.75 and a 12-month high of $164.07.

Freshpet (NASDAQ:FRPT) last announced its earnings results on Monday, August 4th. The company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.21. The business had revenue of $264.69 million for the quarter, compared to analyst estimates of $269.75 million. Freshpet had a net margin of 3.23% and a return on equity of 4.82%. The company’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same period last year, the firm posted ($0.03) earnings per share. Freshpet has set its FY 2025 guidance at EPS. As a group, equities analysts predict that Freshpet, Inc. will post 1.55 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on FRPT. JPMorgan Chase & Co. began coverage on shares of Freshpet in a report on Wednesday, August 20th. They set a “neutral” rating and a $70.00 price objective on the stock. Wall Street Zen raised shares of Freshpet from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Zacks Research raised shares of Freshpet from a “strong sell” rating to a “hold” rating in a report on Friday, August 22nd. Wells Fargo & Company cut their price objective on shares of Freshpet from $100.00 to $88.00 and set an “overweight” rating on the stock in a report on Wednesday, July 9th. Finally, DA Davidson set a $101.00 price objective on shares of Freshpet in a report on Thursday, August 7th. Eight research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $109.29.

Freshpet Company 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.