Jump Financial LLC Increases Stock Holdings in Freshpet, Inc. $FRPT

Key Points

• Jump Financial LLC significantly increased its stake in Freshpet, Inc. by 688.5% in the first quarter, owning over 96,000 shares worth approximately $8 million.
• Analysts have adjusted target prices for Freshpet, with estimates ranging from $65.00 to $90.00, while the overall consensus rating stands at a "Moderate Buy".
• Freshpet reported earnings per share of $0.33 for its last quarter, surpassing the expected $0.12 estimate, and achieved a 12.5% increase in revenue year-over-year.

Jump Financial LLC grew its stake in Freshpet, Inc. (NASDAQ:FRPT - Free Report) by 688.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 96,542 shares of the company's stock after purchasing an additional 84,299 shares during the period. Jump Financial LLC owned about 0.20% of Freshpet worth $8,029,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Capital Fund Management S.A. purchased a new stake in Freshpet in the 1st quarter worth approximately $4,165,000. Erste Asset Management GmbH boosted its position in Freshpet by 83.1% in the 1st quarter. Erste Asset Management GmbH now owns 7,710 shares of the company's stock worth $651,000 after purchasing an additional 3,500 shares in the last quarter. EntryPoint Capital LLC boosted its position in Freshpet by 52.7% in the 1st quarter. EntryPoint Capital LLC now owns 2,552 shares of the company's stock worth $212,000 after purchasing an additional 881 shares in the last quarter. Wellington Management Group LLP boosted its position in Freshpet by 8.1% in the 1st quarter. Wellington Management Group LLP now owns 2,616,205 shares of the company's stock worth $217,590,000 after purchasing an additional 196,882 shares in the last quarter. Finally, Northern Trust Corp boosted its position in Freshpet by 17.1% in the 1st quarter. Northern Trust Corp now owns 478,326 shares of the company's stock worth $39,782,000 after purchasing an additional 69,693 shares in the last quarter.

Freshpet Trading Down 1.7%

Shares of FRPT traded down $0.98 during midday trading on Friday, reaching $55.88. The company had a trading volume of 867,898 shares, compared to its average volume of 1,342,095. Freshpet, Inc. has a 1-year low of $55.77 and a 1-year high of $164.07. The stock has a market cap of $2.73 billion, a PE ratio of 83.40, a price-to-earnings-growth ratio of 1.01 and a beta of 1.77. The firm has a 50 day simple moving average of $67.22 and a 200-day simple moving average of $80.09. 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 issued its earnings results on Monday, August 4th. The company reported $0.33 earnings per share (EPS) for the quarter, topping 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 business had revenue of $264.69 million during the quarter, compared to the consensus estimate of $269.75 million. During the same period last year, the company earned ($0.03) EPS. The company's revenue for the quarter was up 12.5% on a year-over-year basis. Freshpet has set its FY 2025 guidance at EPS. Research analysts forecast that Freshpet, Inc. will post 1.55 EPS for the current fiscal year.

Analysts Set New Price Targets

FRPT has been the topic of a number of recent analyst reports. Zacks Research upgraded Freshpet from a "strong sell" rating to a "hold" rating in a research report on Friday, August 22nd. UBS Group initiated coverage on Freshpet in a research report on Monday, June 16th. They set a "sell" rating and a $65.00 target price on the stock. TD Cowen lowered Freshpet from a "buy" rating to a "hold" rating and set a $96.00 target price on the stock. in a research report on Wednesday, May 28th. Robert W. Baird decreased their target price on Freshpet from $125.00 to $115.00 and set an "outperform" rating on the stock in a research report on Tuesday, May 6th. Finally, Benchmark reiterated a "buy" rating and set a $95.00 target price (down previously from $120.00) on shares of Freshpet in a research report on Tuesday, August 5th. Eight research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Freshpet has an average rating of "Hold" and a consensus price target 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.