Fuller & Thaler Asset Management Inc. Has $57,000 Holdings in 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. cut its stake in shares of Freshpet, Inc. (NASDAQ:FRPT - Free Report) by 99.8% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 682 shares of the company's stock after selling 435,718 shares during the period. Fuller & Thaler Asset Management Inc.'s holdings in Freshpet were worth $57,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Elequin Capital LP acquired a new stake in shares of Freshpet during the fourth quarter worth $29,000. Larson Financial Group LLC raised its position in shares of Freshpet by 1,585.0% during the first 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. Morse Asset Management Inc acquired a new stake in shares of Freshpet during the fourth quarter worth $70,000. GeoWealth Management LLC acquired a new stake in shares of Freshpet during the fourth quarter worth $122,000. Finally, Hardy Reed LLC raised its position in shares of Freshpet by 10.4% during the first quarter. Hardy Reed LLC now owns 2,414 shares of the company's stock worth $201,000 after purchasing an additional 228 shares during the period.

Freshpet Stock Up 3.6%

NASDAQ FRPT traded up $2.17 on Friday, reaching $62.62. The stock had a trading volume of 904,419 shares, compared to its average volume of 1,380,644. 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 1 year low of $59.23 and a 1 year high of $164.07. The business has a 50 day moving average price of $68.40 and a 200 day moving average price of $81.55. The company has a market capitalization of $3.05 billion, a price-to-earnings ratio of 93.46, a P/E/G ratio of 1.11 and a beta of 1.77.

Freshpet (NASDAQ:FRPT - Get Free Report) last issued its earnings results 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. Freshpet had a return on equity of 4.82% and a net margin of 3.23%.The company had revenue of $264.69 million for the quarter, compared to analyst estimates of $269.75 million. During the same period in the prior year, the firm posted ($0.03) EPS. The business's revenue was up 12.5% compared to the same quarter last year. Freshpet has set its FY 2025 guidance at EPS. On average, analysts forecast that Freshpet, Inc. will post 1.55 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Wall Street Zen raised Freshpet from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. DA Davidson set a $101.00 price target on Freshpet in a research report on Thursday, August 7th. Benchmark reissued 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. Robert W. Baird dropped their price target 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, 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. Eight analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $109.29.

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.