Janney Montgomery Scott LLC Buys Shares of 14,782 Freshpet, Inc. $FRPT

Key Points

• Janney Montgomery Scott LLC has acquired a new stake in Freshpet, Inc., purchasing 14,782 shares valued at approximately $1,005,000.
• Several large investors, including Banque Transatlantique SA and Larson Financial Group LLC, have also increased their stakes in Freshpet during the first quarter.
• Freshpet recently reported earnings of $0.33 per share, surpassing analysts' expectations and showing a 12.5% increase in revenue year-over-year.

Janney Montgomery Scott LLC bought a new stake in shares of Freshpet, Inc. (NASDAQ:FRPT - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund bought 14,782 shares of the company's stock, valued at approximately $1,005,000.

A number of other large investors have also recently added to or reduced their stakes in FRPT. Banque Transatlantique SA bought a new position in Freshpet during the first quarter worth about $25,000. WPG Advisers LLC bought a new position in Freshpet during the 1st quarter worth $34,000. Larson Financial Group LLC boosted its stake in Freshpet by 1,585.0% during the 1st quarter. Larson Financial Group LLC now owns 674 shares of the company's stock valued at $56,000 after purchasing an additional 634 shares during the last quarter. GAMMA Investing LLC grew its position in Freshpet by 283.7% in the 2nd quarter. GAMMA Investing LLC now owns 1,458 shares of the company's stock worth $99,000 after purchasing an additional 1,078 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its stake in shares of Freshpet by 734.1% in the 1st quarter. Jones Financial Companies Lllp now owns 1,810 shares of the company's stock worth $151,000 after buying an additional 1,593 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Weiss Ratings restated a "hold (c-)" rating on shares of Freshpet in a research note on Wednesday, October 8th. Wells Fargo & Company decreased their price target on shares of Freshpet from $88.00 to $65.00 and set an "overweight" rating on the stock in a report on Thursday, September 25th. Zacks Research raised Freshpet from a "hold" rating to a "strong-buy" rating in a research note on Friday, October 3rd. Truist Financial reduced their target price on Freshpet from $80.00 to $70.00 and set a "hold" rating on the stock in a research note on Tuesday, August 5th. Finally, JPMorgan Chase & Co. initiated coverage on Freshpet in a research note on Wednesday, August 20th. They set a "neutral" rating and a $70.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Freshpet has a consensus rating of "Moderate Buy" and a consensus price target of $103.33.

Insiders Place Their Bets

In other news, Director Walter N. George bought 1,000 shares of Freshpet stock in a transaction that occurred on Monday, September 8th. The stock was bought at an average cost of $52.57 per share, with a total value of $52,570.00. Following the acquisition, the director owned 46,527 shares of the company's stock, valued at $2,445,924.39. The trade was a 2.20% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jacki Sue Kelley bought 814 shares of the firm's stock in a transaction on Tuesday, September 9th. The shares were purchased at an average price of $56.50 per share, for a total transaction of $45,991.00. Following the purchase, the director owned 11,907 shares in the company, valued at $672,745.50. This trade represents a 7.34% increase in their position. The disclosure for this purchase can be found here. Insiders purchased a total of 6,008 shares of company stock worth $332,305 over the last quarter. 4.43% of the stock is currently owned by corporate insiders.

Freshpet Trading Up 0.1%

Shares of NASDAQ FRPT opened at $48.40 on Tuesday. Freshpet, Inc. has a 1 year low of $46.76 and a 1 year high of $164.07. The stock has a market cap of $2.36 billion, a P/E ratio of 72.24, a price-to-earnings-growth ratio of 1.08 and a beta of 1.74. The firm has a 50-day moving average of $55.87 and a 200 day moving average of $69.03. 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 (NASDAQ:FRPT - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The company reported $0.33 earnings per share for the quarter, topping analysts' consensus estimates of $0.12 by $0.21. Freshpet had a net margin of 3.23% and a return on equity of 4.82%. The company had revenue of $264.69 million during the quarter, compared to analyst estimates of $269.75 million. During the same period in the previous year, the business earned ($0.03) EPS. The firm's revenue for the quarter was up 12.5% on a year-over-year basis. Freshpet has set its FY 2025 guidance at EPS. As a group, sell-side analysts expect 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.

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