Blair William & Co. IL Has $1.37 Million Stake in Freshpet, Inc. $FRPT

Key Points

• Blair William & Co. IL increased its stake in Freshpet, Inc. by 52.3%, resulting in ownership of 20,192 shares valued at approximately $1.37 million.
• Freshpet reported earnings of $0.33 per share for the last quarter, exceeding expectations, despite a slight revenue shortfall.
• Recent analyst ratings for Freshpet show a mixed outlook, with a consensus rating of "Moderate Buy" and a price target averaging $103.33.

Blair William & Co. IL increased its position in shares of Freshpet, Inc. (NASDAQ:FRPT - Free Report) by 52.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 20,192 shares of the company's stock after buying an additional 6,937 shares during the quarter. Blair William & Co. IL's holdings in Freshpet were worth $1,372,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of FRPT. Banque Transatlantique SA bought a new position in shares of Freshpet during the first quarter worth about $25,000. WPG Advisers LLC bought a new position in shares of Freshpet during the first quarter worth about $34,000. Larson Financial Group LLC grew its holdings in shares of Freshpet by 1,585.0% during the first quarter. Larson Financial Group LLC now owns 674 shares of the company's stock worth $56,000 after buying an additional 634 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Freshpet by 283.7% during the second quarter. GAMMA Investing LLC now owns 1,458 shares of the company's stock worth $99,000 after buying an additional 1,078 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its holdings in shares of Freshpet by 734.1% during the first quarter. Jones Financial Companies Lllp now owns 1,810 shares of the company's stock worth $151,000 after buying an additional 1,593 shares in the last quarter.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on FRPT. JPMorgan Chase & Co. began coverage on Freshpet in a report on Wednesday, August 20th. They set a "neutral" rating and a $70.00 price objective for the company. Wells Fargo & Company decreased their price objective on Freshpet from $88.00 to $65.00 and set an "overweight" rating for the company in a report on Thursday, September 25th. Truist Financial decreased their price target on Freshpet from $80.00 to $70.00 and set a "hold" rating for the company in a research note on Tuesday, August 5th. UBS Group decreased their price target on Freshpet from $65.00 to $48.00 and set a "sell" rating for the company in a research note on Monday, September 8th. Finally, Bank of America restated a "neutral" rating and issued a $60.00 price target (down from $81.00) on shares of Freshpet in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Freshpet has a consensus rating of "Moderate Buy" and a consensus price target of $103.33.

Freshpet Stock Performance

FRPT opened at $51.55 on Thursday. Freshpet, Inc. has a 12-month low of $46.76 and a 12-month high of $164.07. The stock has a market cap of $2.51 billion, a price-to-earnings ratio of 76.94, a PEG ratio of 1.16 and a beta of 1.74. The business has a 50 day moving average of $55.31 and a 200-day moving average of $68.79. 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 (NASDAQ:FRPT - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.12 by $0.21. Freshpet had a return on equity of 4.82% and a net margin of 3.23%.The company had revenue of $264.69 million during the quarter, compared to analysts' expectations of $269.75 million. During the same period last year, the firm posted ($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. On average, equities research analysts expect that Freshpet, Inc. will post 1.55 earnings per share for the current year.

Insider Activity

In other Freshpet news, Director Timothy R. Mclevish acquired 3,500 shares of the business's stock in a transaction dated Wednesday, September 10th. The stock was bought at an average cost of $56.00 per share, with a total value of $196,000.00. Following the completion of the transaction, the director directly owned 35,290 shares in the company, valued at approximately $1,976,240. This represents a 11.01% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Walter N. George purchased 1,000 shares of the company's stock in a transaction that occurred on Monday, September 8th. The shares were purchased at an average cost of $52.57 per share, with a total value of $52,570.00. Following the completion of the acquisition, the director owned 46,527 shares in the company, valued at $2,445,924.39. The trade was a 2.20% increase in their position. The disclosure for this purchase can be found here. Insiders acquired a total of 6,008 shares of company stock valued at $332,305 over the last three months. Insiders own 4.43% of the company's stock.

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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