BI Asset Management Fondsmaeglerselskab A S Has $54,000 Holdings in Freshpet, Inc. $FRPT

Key Points

• BI Asset Management Fondsmaeglerselskab A S reduced its stake in Freshpet, Inc. by 95.3%, owning only 651 shares valued at $54,000 after selling 13,325 shares during the 1st quarter.
• Freshpet's quarterly earnings report showed an EPS of $0.33, surpassing analysts' expectations, with revenue increasing 12.5% year-over-year, although actual revenue fell short of estimates.
• Several large investors significantly increased their holdings in Freshpet, with Amalgamated Bank raising its stake by 450.6%, now owning shares valued at $1.23 million.

BI Asset Management Fondsmaeglerselskab A S reduced its stake in shares of Freshpet, Inc. (NASDAQ:FRPT - Free Report) by 95.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 651 shares of the company's stock after selling 13,325 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in Freshpet were worth $54,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Amalgamated Bank raised its stake in Freshpet by 450.6% during the 1st quarter. Amalgamated Bank now owns 14,823 shares of the company's stock valued at $1,233,000 after purchasing an additional 12,131 shares during the last quarter. Principal Financial Group Inc. raised its stake in Freshpet by 124.0% during the 1st quarter. Principal Financial Group Inc. now owns 241,196 shares of the company's stock valued at $20,060,000 after purchasing an additional 133,539 shares during the last quarter. Impax Asset Management Group plc raised its stake in shares of Freshpet by 40.0% in the 1st quarter. Impax Asset Management Group plc now owns 70,000 shares of the company's stock valued at $5,822,000 after buying an additional 20,000 shares in the last quarter. Ensign Peak Advisors Inc raised its stake in shares of Freshpet by 7.4% in the 4th quarter. Ensign Peak Advisors Inc now owns 98,481 shares of the company's stock valued at $14,586,000 after buying an additional 6,776 shares in the last quarter. Finally, Deutsche Bank AG raised its stake in shares of Freshpet by 31.6% in the 1st quarter. Deutsche Bank AG now owns 282,840 shares of the company's stock valued at $23,524,000 after buying an additional 67,866 shares in the last quarter.

Freshpet Stock Down 10.1%

FRPT opened at $56.29 on Tuesday. The firm's 50-day simple moving average is $68.08 and its 200-day simple moving average is $80.92. The company has a debt-to-equity ratio of 0.40, a quick ratio of 3.75 and a current ratio of 4.81. Freshpet, Inc. has a twelve month low of $56.08 and a twelve month high of $164.07. The firm has a market cap of $2.75 billion, a price-to-earnings ratio of 84.01, a PEG ratio of 1.11 and a beta of 1.77.

Freshpet (NASDAQ:FRPT - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The company reported $0.33 EPS 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 firm had revenue of $264.69 million for the quarter, compared to analyst estimates of $269.75 million. During the same quarter in the prior year, the firm earned ($0.03) EPS. The company's revenue was up 12.5% on a year-over-year basis. Freshpet has set its FY 2025 guidance at EPS. Equities research analysts anticipate that Freshpet, Inc. will post 1.55 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Truist Financial dropped their price objective on shares of Freshpet from $80.00 to $70.00 and set a "hold" rating for the company in a research note on Tuesday, August 5th. JPMorgan Chase & Co. assumed coverage on shares of Freshpet in a research note 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 price objective for the company. in a research note on Wednesday, May 28th. Robert W. Baird dropped their price objective on shares of Freshpet from $125.00 to $115.00 and set an "outperform" rating for the company in a research note on Tuesday, May 6th. Finally, Wall Street Zen upgraded shares of Freshpet from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Eight investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" 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.

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