Dark Forest Capital Management LP Has $3.72 Million Stock Holdings in Freshpet, Inc. $FRPT

Key Points

• Dark Forest Capital Management LP increased its stake in Freshpet, Inc. by 231.8%, owning 44,699 shares worth approximately $3.7 million as of the latest reporting period.
• Freshpet reported $0.33 EPS for the quarter, surpassing estimates of $0.12, with revenue of $264.69 million, a year-over-year increase of 12.5%.
• Wall Street analysts generally have a positive outlook, with a consensus price target for Freshpet at $109.29 and a current average rating of "Hold."

Dark Forest Capital Management LP boosted its holdings in Freshpet, Inc. (NASDAQ:FRPT - Free Report) by 231.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 44,699 shares of the company's stock after acquiring an additional 31,229 shares during the quarter. Dark Forest Capital Management LP owned 0.09% of Freshpet worth $3,718,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Northern Trust Corp increased its position in shares of Freshpet by 14.7% during the 4th quarter. Northern Trust Corp now owns 408,633 shares of the company's stock valued at $60,523,000 after purchasing an additional 52,284 shares during the period. Schonfeld Strategic Advisors LLC acquired a new position in shares of Freshpet during the 4th quarter valued at $1,774,000. Ameriprise Financial Inc. increased its position in shares of Freshpet by 11.0% during the 4th quarter. Ameriprise Financial Inc. now owns 335,097 shares of the company's stock valued at $49,631,000 after purchasing an additional 33,078 shares during the period. Driehaus Capital Management LLC increased its position in shares of Freshpet by 5.1% during the 4th quarter. Driehaus Capital Management LLC now owns 810,646 shares of the company's stock valued at $120,065,000 after purchasing an additional 39,129 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in shares of Freshpet by 538.3% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 62,077 shares of the company's stock valued at $9,194,000 after purchasing an additional 52,352 shares during the period.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on FRPT shares. UBS Group started coverage on Freshpet in a research report on Monday, June 16th. They set a "sell" rating and a $65.00 price target on the stock. Stifel Nicolaus set a $90.00 price target on Freshpet and gave the company a "buy" rating in a research report on Thursday, June 12th. Truist Financial lowered their price target on Freshpet from $80.00 to $70.00 and set a "hold" rating on the stock in a research report on Tuesday, August 5th. Benchmark reiterated a "buy" rating and set a $95.00 price target (down from $120.00) on shares of Freshpet in a research report on Tuesday, August 5th. Finally, JPMorgan Chase & Co. started coverage on Freshpet in a research report on Wednesday, August 20th. They set a "neutral" rating and a $70.00 price target on the stock. Eight equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $109.29.

Freshpet Price Performance

Shares of FRPT traded up $2.03 during trading hours on Friday, hitting $55.27. 1,271,490 shares of the company were exchanged, compared to its average volume of 1,288,536. The company has a market capitalization of $2.70 billion, a PE ratio of 82.49, a PEG ratio of 0.98 and a beta of 1.72. The company has a debt-to-equity ratio of 0.40, a current ratio of 4.81 and a quick ratio of 3.75. The firm has a fifty day simple moving average of $65.33 and a 200-day simple moving average of $76.57. Freshpet, Inc. has a one year low of $52.27 and a one year high of $164.07.

Freshpet (NASDAQ:FRPT - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.21. The business had revenue of $264.69 million during the quarter, compared to analyst estimates of $269.75 million. Freshpet had a return on equity of 4.82% and a net margin of 3.23%.The company's revenue was up 12.5% compared to the same quarter last year. During the same period last year, the company posted ($0.03) EPS. Freshpet has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict that Freshpet, Inc. will post 1.55 earnings per share for the current year.

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.