Diversified Trust Co Has $1.36 Million Stock Holdings in Freshpet, Inc. $FRPT

Key Points

• Diversified Trust Co increased its stake in Freshpet, Inc. by 49.1% during the second quarter, owning 20,047 shares valued at approximately $1.36 million.
• Freshpet reported an EPS of $0.33 for the last quarter, exceeding the consensus estimate by $0.21, while its quarterly revenue increased by 12.5% year-over-year.
• Analysts have mixed views on Freshpet, with eight holding a "Buy" rating, six a "Hold" rating, and one a "Sell," reflecting ongoing uncertainty in the stock's future performance.

Diversified Trust Co boosted its position in shares of Freshpet, Inc. (NASDAQ:FRPT - Free Report) by 49.1% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 20,047 shares of the company's stock after purchasing an additional 6,600 shares during the quarter. Diversified Trust Co's holdings in Freshpet were worth $1,362,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FRPT. Banque Transatlantique SA purchased a new position in shares of Freshpet in the first quarter valued at $25,000. WPG Advisers LLC purchased a new stake in Freshpet in the 1st quarter worth approximately $34,000. Larson Financial Group LLC raised its stake in shares of Freshpet by 1,585.0% during the 1st quarter. Larson Financial Group LLC now owns 674 shares of the company's stock worth $56,000 after buying an additional 634 shares during the period. Jones Financial Companies Lllp increased its position 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 purchasing an additional 1,593 shares in the last quarter. Finally, Corebridge Financial Inc. increased its position in shares of Freshpet by 313.8% during the 1st quarter. Corebridge Financial Inc. now owns 2,044 shares of the company's stock worth $170,000 after purchasing an additional 1,550 shares during the last quarter.

Freshpet Price Performance

Shares of Freshpet stock traded down $0.38 during trading on Monday, hitting $51.02. The stock had a trading volume of 1,381,686 shares, compared to its average volume of 1,607,595. The firm has a market cap of $2.49 billion, a price-to-earnings ratio of 76.15, a P/E/G ratio of 0.91 and a beta of 1.72. Freshpet, Inc. has a 12 month low of $50.15 and a 12 month high of $164.07. The business's 50-day moving average is $61.61 and its 200 day moving average is $72.71. 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 announced its quarterly 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. The company 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%. Freshpet's revenue was up 12.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.03) EPS. Freshpet has set its FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that Freshpet, Inc. will post 1.55 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have commented on FRPT. Wells Fargo & Company cut their price target on Freshpet from $100.00 to $88.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 9th. DA Davidson set a $101.00 price target on Freshpet in a research report on Thursday, August 7th. TD Cowen lowered Freshpet from a "buy" rating to a "hold" rating and set a $96.00 price objective for the company. in a research note on Wednesday, May 28th. Zacks Research upgraded shares of Freshpet from a "strong sell" rating to a "hold" rating in a report on Friday, August 22nd. Finally, Stifel Nicolaus set a $90.00 target price on shares of Freshpet and gave the company a "buy" rating in a research report on Thursday, June 12th. Eight equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $108.07.

Insiders Place Their Bets

In related news, Director Walter N. George acquired 1,000 shares of Freshpet stock in a transaction on Monday, September 8th. The shares were bought at an average price of $52.57 per share, for a total transaction of $52,570.00. Following the completion of the purchase, the director directly owned 46,527 shares in the company, valued at $2,445,924.39. This trade represents a 2.20% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Jacki Sue Kelley bought 814 shares of the stock in a transaction dated Tuesday, September 9th. The shares were bought at an average cost of $56.50 per share, with a total value of $45,991.00. Following the completion of the acquisition, the director directly owned 11,907 shares of the company's stock, valued at approximately $672,745.50. The trade was a 7.34% increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 6,008 shares of company stock valued at $332,305. Insiders own 4.43% of the company's stock.

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.