Freshpet, Inc. $FRPT Shares Acquired by Ieq Capital LLC

Key Points

• Ieq Capital LLC increased its stake in Freshpet, Inc. by 268.6% during the first quarter, bringing its total ownership to 13,388 shares valued at approximately $1,113,000.
• Freshpet recently reported earnings of $0.33 per share for the quarter, exceeding expectations, while the company's quarterly revenue of $264.69 million was slightly below analyst forecasts.
• Analysts have mixed ratings for Freshpet, with an average target price of $109.29, but eight have rated it as a "Buy" while one has issued a "Sell" rating.

Ieq Capital LLC raised its position in Freshpet, Inc. (NASDAQ:FRPT - Free Report) by 268.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,388 shares of the company's stock after purchasing an additional 9,756 shares during the quarter. Ieq Capital LLC's holdings in Freshpet were worth $1,113,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Amalgamated Bank raised its position in Freshpet by 450.6% in the 1st quarter. Amalgamated Bank now owns 14,823 shares of the company's stock worth $1,233,000 after purchasing an additional 12,131 shares during the period. Principal Financial Group Inc. grew its stake in Freshpet by 124.0% in the 1st quarter. Principal Financial Group Inc. now owns 241,196 shares of the company's stock worth $20,060,000 after acquiring an additional 133,539 shares in the last quarter. Impax Asset Management Group plc grew its stake in Freshpet by 40.0% in the 1st quarter. Impax Asset Management Group plc now owns 70,000 shares of the company's stock worth $5,822,000 after acquiring an additional 20,000 shares in the last quarter. Ensign Peak Advisors Inc grew its stake in Freshpet by 7.4% in the 4th quarter. Ensign Peak Advisors Inc now owns 98,481 shares of the company's stock worth $14,586,000 after acquiring an additional 6,776 shares in the last quarter. Finally, Deutsche Bank AG grew its stake in Freshpet by 31.6% in the 1st quarter. Deutsche Bank AG now owns 282,840 shares of the company's stock worth $23,524,000 after acquiring an additional 67,866 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on FRPT. UBS Group began 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. Wall Street Zen raised Freshpet from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Wells Fargo & Company dropped their price objective on shares of Freshpet from $100.00 to $88.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 9th. DA Davidson set a $101.00 price objective on shares of Freshpet in a research note on Thursday, August 7th. Finally, Stifel Nicolaus set a $90.00 price objective on shares of Freshpet and gave the company a "buy" rating in a research note on Thursday, June 12th. 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. According to MarketBeat, Freshpet currently has an average rating of "Hold" and an average price target of $109.29.

Freshpet Stock Up 3.8%

Freshpet stock traded up $2.03 during midday trading on Friday, reaching $55.27. The company's stock had a trading volume of 1,271,490 shares, compared to its average volume of 1,288,536. The stock's 50-day simple moving average is $65.33 and its 200-day simple moving average is $76.57. 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 52-week low of $52.27 and a 52-week high of $164.07. The stock has a market capitalization of $2.70 billion, a P/E ratio of 82.49, a PEG ratio of 0.98 and a beta of 1.72.

Freshpet (NASDAQ:FRPT - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The company reported $0.33 EPS for the quarter, topping 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 business had revenue of $264.69 million during the quarter, compared to the consensus estimate of $269.75 million. During the same period in the previous year, the firm posted ($0.03) earnings per share. The business's revenue for the quarter was up 12.5% compared to the same quarter last year. Freshpet has set its FY 2025 guidance at EPS. On average, sell-side analysts expect that Freshpet, Inc. will post 1.55 EPS for the current 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.