Campbell & CO Investment Adviser LLC Takes Position in Freshpet, Inc. $FRPT

Key Points

• Campbell & CO Investment Adviser LLC has acquired a new stake in Freshpet, Inc. by purchasing 20,509 shares valued at approximately $1.7 million.
• Multiple institutional investors have increased their stakes in Freshpet, with Amalgamated Bank leading with a 450.6% increase during the first quarter.
• Freshpet reported a $0.33 EPS for the quarter, exceeding analysts' estimates of $0.12, while its revenue increased by 12.5% compared to the same quarter last year.

Campbell & CO Investment Adviser LLC acquired a new stake in shares of Freshpet, Inc. (NASDAQ:FRPT - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 20,509 shares of the company's stock, valued at approximately $1,706,000.

Other hedge funds have also recently modified their holdings of the company. CANADA LIFE ASSURANCE Co lifted its stake in shares of Freshpet by 3.0% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 12,662 shares of the company's stock valued at $1,874,000 after buying an additional 364 shares in the last quarter. MML Investors Services LLC purchased a new position in shares of Freshpet during the 4th quarter valued at $2,299,000. Tower Research Capital LLC TRC lifted its stake in shares of Freshpet by 86.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,926 shares of the company's stock valued at $433,000 after buying an additional 1,357 shares in the last quarter. Stifel Financial Corp lifted its stake in shares of Freshpet by 98.5% during the 4th quarter. Stifel Financial Corp now owns 50,152 shares of the company's stock valued at $7,428,000 after buying an additional 24,888 shares in the last quarter. Finally, Hsbc Holdings PLC lifted its stake in shares of Freshpet by 16.2% during the 4th quarter. Hsbc Holdings PLC now owns 26,267 shares of the company's stock valued at $3,902,000 after buying an additional 3,666 shares in the last quarter.

Freshpet Price Performance

FRPT stock traded down $1.04 during mid-day trading on Friday, hitting $55.82. The company had a trading volume of 1,231,369 shares, compared to its average volume of 1,385,025. The company has a market capitalization of $2.72 billion, a price-to-earnings ratio of 83.31, a P/E/G ratio of 0.99 and a beta of 1.72. Freshpet, Inc. has a 12-month low of $55.75 and a 12-month high of $164.07. The company has a quick ratio of 3.75, a current ratio of 4.81 and a debt-to-equity ratio of 0.40. The company has a 50-day moving average price of $66.85 and a 200 day moving average price of $78.85.

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

Analyst Upgrades and Downgrades

FRPT has been the topic of a number of analyst reports. DA Davidson set a $101.00 target price on shares of Freshpet in a research note on Thursday, August 7th. Wall Street Zen upgraded shares of Freshpet from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Stifel Nicolaus set a $90.00 target price on shares of Freshpet and gave the company a "buy" rating in a research note on Thursday, June 12th. Robert W. Baird lowered their target price on shares of Freshpet from $125.00 to $115.00 and set an "outperform" rating on the stock in a research note on Tuesday, May 6th. Finally, JPMorgan Chase & Co. started coverage on shares of Freshpet in a research note on Wednesday, August 20th. They set a "neutral" rating and a $70.00 target price on the stock. Eight equities 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 stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $109.29.

About Freshpet

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.