Fuller & Thaler Asset Management Inc. Sells 435,718 Shares of Freshpet, Inc. $FRPT

Key Points

• Fuller & Thaler Asset Management Inc. significantly reduced its stake in Freshpet, Inc. by 99.8%, leaving it with just 682 shares worth approximately $57,000.
• Freshpet reported $0.33 earnings per share for the last quarter, exceeding analysts' expectations of $0.12, though its revenue fell short of estimates at $264.69 million.
• Freshpet is currently rated as a "Moderate Buy" by analysts, with an average target price of $109.29 despite some recent downward revisions from various firms.

Fuller & Thaler Asset Management Inc. lessened its holdings in Freshpet, Inc. (NASDAQ:FRPT - Free Report) by 99.8% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 682 shares of the company's stock after selling 435,718 shares during the quarter. Fuller & Thaler Asset Management Inc.'s holdings in Freshpet were worth $57,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently modified their holdings of the company. Wellington Management Group LLP boosted its stake in Freshpet by 8.1% during the first quarter. Wellington Management Group LLP now owns 2,616,205 shares of the company's stock worth $217,590,000 after buying an additional 196,882 shares during the last quarter. Northern Trust Corp increased its stake in Freshpet by 17.1% in the first quarter. Northern Trust Corp now owns 478,326 shares of the company's stock valued at $39,782,000 after purchasing an additional 69,693 shares during the last quarter. Versor Investments LP increased its stake in Freshpet by 169.5% during the first quarter. Versor Investments LP now owns 15,898 shares of the company's stock worth $1,322,000 after acquiring an additional 9,998 shares during the last quarter. Roubaix Capital LLC acquired a new stake in Freshpet during the 1st quarter valued at approximately $3,151,000. Finally, Raymond James Financial Inc. lifted its holdings in shares of Freshpet by 3.3% in the 1st quarter. Raymond James Financial Inc. now owns 760,602 shares of the company's stock worth $63,259,000 after purchasing an additional 24,131 shares during the last quarter.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Zacks Research raised Freshpet from a "strong sell" rating to a "hold" rating in a research report on Friday, August 22nd. Wells Fargo & Company lowered their price target on shares of Freshpet from $100.00 to $88.00 and set an "overweight" rating on the stock in a report on Wednesday, July 9th. 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 report on Tuesday, August 5th. JPMorgan Chase & Co. started coverage on shares of Freshpet in a research report on Wednesday, August 20th. They set a "neutral" rating and a $70.00 price objective on the stock. Finally, DA Davidson set a $101.00 price target on shares of Freshpet in a research note on Thursday, August 7th. Eight equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $109.29.

Freshpet Stock Performance

FRPT traded down $0.40 during trading on Wednesday, reaching $57.68. 177,917 shares of the company's stock were exchanged, compared to its average volume of 1,342,141. The stock has a market capitalization of $2.81 billion, a P/E ratio of 86.04, a price-to-earnings-growth ratio of 0.99 and a beta of 1.77. The company's fifty day simple moving average is $67.80 and its 200-day simple moving average is $80.76. The company has a debt-to-equity ratio of 0.40, a current ratio of 4.81 and a quick ratio of 3.75. Freshpet, Inc. has a 1 year low of $55.77 and a 1 year high of $164.07.

Freshpet (NASDAQ:FRPT - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $269.75 million. During the same period in the previous year, the firm earned ($0.03) EPS. Freshpet's revenue was up 12.5% on a year-over-year basis. Freshpet has set its FY 2025 guidance at EPS. As a group, research analysts predict that Freshpet, Inc. will post 1.55 earnings per share for the current fiscal year.

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.