Capital Fund Management S.A. Takes $4.17 Million Position in Freshpet, Inc. $FRPT

Key Points

• Capital Fund Management S.A. acquired 50,081 shares of Freshpet, Inc. worth approximately $4.165 million, representing about 0.10% ownership of the company.
• Freshpet's recent earnings report showed earnings per share of $0.33, surpassing estimates, while revenue for the quarter grew by 12.5% compared to last year.
• Analyst ratings for Freshpet are mixed, with a consensus rating of "Moderate Buy" and an average target price of $109.29, reflecting varied sentiments among research firms.

Capital Fund Management S.A. bought a new stake in Freshpet, Inc. (NASDAQ:FRPT - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 50,081 shares of the company's stock, valued at approximately $4,165,000. Capital Fund Management S.A. owned about 0.10% of Freshpet as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Elequin Capital LP purchased a new stake in Freshpet during the fourth quarter valued at about $29,000. Larson Financial Group LLC boosted its position in Freshpet by 1,585.0% during the first quarter. Larson Financial Group LLC now owns 674 shares of the company's stock valued at $56,000 after buying an additional 634 shares during the period. Morse Asset Management Inc purchased a new stake in shares of Freshpet during the fourth quarter worth about $70,000. Hardy Reed LLC boosted its holdings in shares of Freshpet by 10.4% during the first quarter. Hardy Reed LLC now owns 2,414 shares of the company's stock worth $201,000 after purchasing an additional 228 shares during the period. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in shares of Freshpet during the first quarter worth about $204,000.

Freshpet Stock Down 0.4%

FRPT traded down $0.25 on Friday, hitting $56.61. The company had a trading volume of 341,224 shares, compared to its average volume of 1,339,152. The company has a debt-to-equity ratio of 0.40, a current ratio of 4.81 and a quick ratio of 3.75. Freshpet, Inc. has a 52-week low of $55.77 and a 52-week high of $164.07. The stock has a fifty day simple moving average of $67.22 and a 200-day simple moving average of $80.09. The firm has a market capitalization of $2.76 billion, a P/E ratio of 84.46, a P/E/G ratio of 1.01 and a beta of 1.77.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on FRPT. TD Cowen lowered shares of Freshpet from a "buy" rating to a "hold" rating and set a $96.00 target price for the company. in a report on Wednesday, May 28th. Truist Financial dropped their target price on shares of Freshpet from $80.00 to $70.00 and set a "hold" rating for the company in a report on Tuesday, August 5th. Benchmark reiterated a "buy" rating and set a $95.00 target price (down from $120.00) on shares of Freshpet in a report on Tuesday, August 5th. Stifel Nicolaus set a $90.00 target price on shares of Freshpet and gave the stock a "buy" rating in a report on Thursday, June 12th. Finally, DA Davidson set a $101.00 target price on shares of Freshpet in a report on Thursday, August 7th. Eight research 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. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus 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.