Algert Global LLC Sells 40,385 Shares of Freshpet, Inc. $FRPT

Key Points

• Algert Global LLC significantly reduced its stake in Freshpet, Inc. by 55.7% in the 1st quarter, now holding about 0.07% of the company.
• Vanguard Group Inc. and American Century Companies Inc. both increased their investments in Freshpet, raising stakes by 12.3% and 171.9% respectively during the same period.
• Freshpet reported earnings of $0.33 per share for the quarter, exceeding analysts' expectations, along with a 12.5% increase in revenue year-over-year.

Algert Global LLC lowered its position in shares of Freshpet, Inc. (NASDAQ:FRPT - Free Report) by 55.7% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 32,059 shares of the company's stock after selling 40,385 shares during the period. Algert Global LLC owned about 0.07% of Freshpet worth $2,666,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Elequin Capital LP purchased a new stake in Freshpet during the 4th quarter valued at $29,000. Morse Asset Management Inc purchased a new stake in shares of Freshpet in the 4th quarter worth about $70,000. Larson Financial Group LLC lifted its position in shares of Freshpet by 1,585.0% in the 1st quarter. Larson Financial Group LLC now owns 674 shares of the company's stock worth $56,000 after purchasing an additional 634 shares during the period. GeoWealth Management LLC purchased a new stake in shares of Freshpet in the 4th quarter worth about $122,000. Finally, Teza Capital Management LLC purchased a new stake in shares of Freshpet in the 4th quarter worth about $211,000.

Analyst Ratings Changes

Several research firms have recently commented on FRPT. Wells Fargo & Company dropped their target price on shares of Freshpet from $100.00 to $88.00 and set an "overweight" rating for the company in a research report on Wednesday, July 9th. Robert W. Baird dropped their target price on shares of Freshpet from $125.00 to $115.00 and set an "outperform" rating for the company in a research report on Tuesday, May 6th. JPMorgan Chase & Co. began coverage on shares of Freshpet in a research report on Wednesday, August 20th. They issued a "neutral" rating and a $70.00 target price for the company. Truist Financial lowered their price target on shares of Freshpet from $80.00 to $70.00 and set a "hold" rating for the company in a research report on Tuesday, August 5th. Finally, Stifel Nicolaus set a $90.00 price target on shares of Freshpet and gave the company a "buy" rating in a research report on Thursday, June 12th. Eight research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $109.29.

Freshpet Stock Up 3.2%

NASDAQ:FRPT traded up $1.79 on Tuesday, reaching $58.08. 1,703,795 shares of the stock traded hands, compared to its average volume of 1,439,673. The company has a market capitalization of $2.83 billion, a price-to-earnings ratio of 86.69, a PEG ratio of 0.99 and a beta of 1.77. 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, Inc. has a 12 month low of $55.77 and a 12 month high of $164.07. The company's fifty day simple moving average is $67.80 and its 200 day simple moving average is $80.76.

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, beating analysts' consensus estimates 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 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 period last year, the business earned ($0.03) EPS. Freshpet has set its FY 2025 guidance at EPS. Equities analysts predict that Freshpet, Inc. will post 1.55 EPS for the current fiscal year.

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.