E. Ohman J or Asset Management AB Has $1.23 Million Stake in Freshpet, Inc. $FRPT

Key Points

• E. Ohman J or Asset Management AB has increased its stake in Freshpet, Inc. by 38.1%, owning 18,136 shares valued at $1.23 million.
• Freshpet reported a quarterly EPS of $0.33, significantly beating analysts' estimates of $0.12, despite a revenue of $264.69 million falling short of expectations.
• Wall Street analysts have mixed ratings for Freshpet, with eight Buy ratings, six Hold ratings, and one Sell rating, reflecting a consensus target price of $108.07.

E. Ohman J or Asset Management AB increased its position in Freshpet, Inc. (NASDAQ:FRPT - Free Report) by 38.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 18,136 shares of the company's stock after buying an additional 5,000 shares during the period. E. Ohman J or Asset Management AB's holdings in Freshpet were worth $1,233,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Rhumbline Advisers increased its stake in shares of Freshpet by 131.0% during the 1st quarter. Rhumbline Advisers now owns 106,438 shares of the company's stock worth $8,852,000 after purchasing an additional 60,352 shares during the last quarter. United Services Automobile Association bought a new stake in Freshpet in the first quarter worth $247,000. Jones Financial Companies Lllp increased its position in 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 during the last quarter. Scientech Research LLC acquired a new position in Freshpet during the first quarter worth $783,000. Finally, Jacobs Levy Equity Management Inc. bought a new position in Freshpet during the first quarter valued at about $5,296,000.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Truist Financial lowered their price objective on Freshpet from $80.00 to $70.00 and set a "hold" rating on the stock in a report on Tuesday, August 5th. Zacks Research raised Freshpet from a "strong sell" rating to a "hold" rating in a research report on Friday, August 22nd. DA Davidson set a $101.00 price target on shares of Freshpet in a research report on Thursday, August 7th. Wells Fargo & Company decreased their price objective on shares of Freshpet from $100.00 to $88.00 and set an "overweight" rating for the company in a report on Wednesday, July 9th. Finally, UBS Group dropped their target price on shares of Freshpet from $65.00 to $48.00 and set a "sell" rating on the stock in a report on Monday, September 8th. Eight 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. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $108.07.

Freshpet Trading Down 4.3%

Shares of Freshpet stock opened at $52.47 on Tuesday. Freshpet, Inc. has a 1 year low of $52.16 and a 1 year high of $164.07. The company's fifty day simple moving average is $63.40 and its 200-day simple moving average is $74.20. The company has a market cap of $2.56 billion, a price-to-earnings ratio of 78.31, a PEG ratio of 0.97 and a beta of 1.72. The company has a current ratio of 4.81, a quick ratio of 3.75 and a debt-to-equity ratio of 0.40.

Freshpet (NASDAQ:FRPT - Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The company reported $0.33 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $269.75 million. During the same period in the prior year, the firm earned ($0.03) EPS. 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, sell-side analysts expect that Freshpet, Inc. will post 1.55 EPS for the current year.

Insider Activity

In other news, Director Jacki Sue Kelley acquired 814 shares of the stock in a transaction dated Tuesday, September 9th. The shares were acquired at an average cost of $56.50 per share, for a total transaction of $45,991.00. Following the completion of the transaction, the director owned 11,907 shares in the company, valued at approximately $672,745.50. This trade represents a 7.34% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Timothy R. Mclevish bought 3,500 shares of the business's stock in a transaction that occurred on Wednesday, September 10th. The stock was purchased at an average price of $56.00 per share, with a total value of $196,000.00. Following the completion of the purchase, the director directly owned 35,290 shares of the company's stock, valued at $1,976,240. This represents a 11.01% increase in their position. The disclosure for this purchase can be found here. Insiders have purchased 4,630 shares of company stock worth $259,656 over the last 90 days. Corporate insiders own 4.43% of the company's stock.

Freshpet 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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