140,000 Shares in Freshpet, Inc. $FRPT Purchased by Alyeska Investment Group L.P.

Key Points

• Alyeska Investment Group L.P. acquired 140,000 shares of Freshpet, Inc. valued at approximately $11.6 million, representing about 0.29% ownership of the company.
• Freshpet's stock has received mixed ratings from analysts, with TD Cowen downgrading it to a "hold" and setting a price target of $96, while other analysts maintain a "buy" recommendation.
• The company reported earnings of $0.33 per share for the recent quarter, beating expectations but with revenue slightly below forecasts at $264.69 million.

Alyeska Investment Group L.P. acquired a new position in Freshpet, Inc. (NASDAQ:FRPT - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 140,000 shares of the company's stock, valued at approximately $11,644,000. Alyeska Investment Group L.P. owned approximately 0.29% of Freshpet as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Adage Capital Partners GP L.L.C. bought a new position in shares of Freshpet during the 1st quarter valued at approximately $9,440,000. Dark Forest Capital Management LP grew its position in shares of Freshpet by 231.8% during the 1st quarter. Dark Forest Capital Management LP now owns 44,699 shares of the company's stock valued at $3,718,000 after acquiring an additional 31,229 shares during the period. PDT Partners LLC grew its position in shares of Freshpet by 626.2% during the 1st quarter. PDT Partners LLC now owns 65,761 shares of the company's stock valued at $5,469,000 after acquiring an additional 56,705 shares during the period. Royal Bank of Canada grew its position in shares of Freshpet by 86.3% during the 1st quarter. Royal Bank of Canada now owns 67,623 shares of the company's stock valued at $5,624,000 after acquiring an additional 31,334 shares during the period. Finally, Graham Capital Management L.P. grew its position in shares of Freshpet by 20.0% during the 1st quarter. Graham Capital Management L.P. now owns 24,614 shares of the company's stock valued at $2,047,000 after acquiring an additional 4,108 shares during the period.

Freshpet Stock Down 6.3%

Shares of NASDAQ:FRPT traded down $3.57 during trading on Wednesday, hitting $53.46. The stock had a trading volume of 603,627 shares, compared to its average volume of 1,353,779. The company has a market capitalization of $2.61 billion, a PE ratio of 79.50, a PEG ratio of 0.98 and a beta of 1.72. The company has a quick ratio of 3.75, a current ratio of 4.81 and a debt-to-equity ratio of 0.40. Freshpet, Inc. has a 12 month low of $52.27 and a 12 month high of $164.07. The firm's fifty day moving average is $64.80 and its 200 day moving average is $75.92.

Freshpet (NASDAQ:FRPT - Get Free Report) last issued its earnings results on Monday, August 4th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.21. The firm had revenue of $264.69 million for the quarter, compared to the consensus estimate of $269.75 million. Freshpet had a net margin of 3.23% and a return on equity of 4.82%. The business's revenue was up 12.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.03) earnings per share. Freshpet has set its FY 2025 guidance at EPS. Analysts anticipate that Freshpet, Inc. will post 1.55 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently commented on FRPT. JPMorgan Chase & Co. began coverage on shares of Freshpet in a report on Wednesday, August 20th. They issued a "neutral" rating and a $70.00 price objective for the company. TD Cowen cut shares of Freshpet from a "buy" rating to a "hold" rating and set a $96.00 target price on the stock. in a research note on Wednesday, May 28th. DA Davidson set a $101.00 target price on shares of Freshpet in a research note on Thursday, August 7th. Wells Fargo & Company lowered their target price on shares of Freshpet from $100.00 to $88.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 9th. Finally, Benchmark restated a "buy" rating and set a $95.00 price objective (down previously from $120.00) on shares of Freshpet in a research report on Tuesday, August 5th. Eight investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Freshpet presently has a consensus rating of "Hold" and an average price target of $108.07.

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.