Freshpet, Inc. (NASDAQ:FRPT) Shares Sold by Natixis Advisors LLC

Key Points

• Natixis Advisors LLC has reduced its stake in Freshpet, Inc. by 17.0%, selling 9,001 shares and now holding approximately 0.09% of the company worth $3.67 million.
• Freshpet's quarterly earnings beat consensus estimates, reporting $0.33 earnings per share compared to an expected $0.12, and revenues increased by 12.5% year-over-year.
• Recent analyst ratings show a consensus of "Hold" for Freshpet stock, with target prices ranging from $70.00 to $96.00 among various firms.

Natixis Advisors LLC lessened its stake in Freshpet, Inc. (NASDAQ:FRPT - Free Report) by 17.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 44,065 shares of the company's stock after selling 9,001 shares during the quarter. Natixis Advisors LLC owned about 0.09% of Freshpet worth $3,665,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. XTX Topco Ltd lifted its stake in shares of Freshpet by 1,871.8% in the first quarter. XTX Topco Ltd now owns 34,487 shares of the company's stock worth $2,868,000 after acquiring an additional 32,738 shares in the last quarter. Bryce Point Capital LLC raised its position in shares of Freshpet by 197.7% in the 1st quarter. Bryce Point Capital LLC now owns 10,502 shares of the company's stock valued at $907,000 after purchasing an additional 6,974 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Freshpet by 9.4% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,860 shares of the company's stock valued at $1,153,000 after buying an additional 1,193 shares during the last quarter. GLOBALT Investments LLC GA boosted its stake in shares of Freshpet by 69.4% during the 1st quarter. GLOBALT Investments LLC GA now owns 6,057 shares of the company's stock valued at $504,000 after buying an additional 2,482 shares during the last quarter. Finally, Neo Ivy Capital Management acquired a new stake in shares of Freshpet during the first quarter worth approximately $2,105,000.

Analyst Ratings Changes

Several research firms recently issued reports on FRPT. Stifel Nicolaus set a $90.00 price target on shares of Freshpet and gave the company a "buy" rating in a report on Thursday, June 12th. Benchmark restated a "buy" rating and issued a $95.00 target price (down previously from $120.00) on shares of Freshpet in a research note on Tuesday. Truist Financial reduced their price target on shares of Freshpet from $80.00 to $70.00 and set a "hold" rating on the stock in a research report on Tuesday. Wells Fargo & Company decreased their price target on Freshpet from $100.00 to $88.00 and set an "overweight" rating for the company in a research note on Wednesday, July 9th. Finally, JPMorgan Chase & Co. lowered their price objective on Freshpet from $91.00 to $85.00 and set a "neutral" rating for the company in a report on Tuesday, May 6th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $116.64.

Freshpet Stock Performance

NASDAQ FRPT traded up $0.29 during trading hours on Thursday, reaching $63.98. The company's stock had a trading volume of 870,289 shares, compared to its average volume of 1,495,779. The company has a current ratio of 4.81, a quick ratio of 3.92 and a debt-to-equity ratio of 0.40. The business has a 50-day simple moving average of $72.11 and a 200 day simple moving average of $89.82. Freshpet, Inc. has a 52 week low of $63.61 and a 52 week high of $164.07. The stock has a market cap of $3.12 billion, a PE ratio of 95.49, a PEG ratio of 1.12 and a beta of 1.77.

Freshpet (NASDAQ:FRPT - Get Free Report) last announced its quarterly earnings results 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 return on equity of 4.82% and a net margin of 3.23%. The business had revenue of $264.69 million for the quarter, compared to analysts' expectations of $269.75 million. During the same period in the prior year, the firm earned ($0.03) EPS. The business's quarterly revenue was up 12.5% on a year-over-year basis. Equities research analysts predict that Freshpet, Inc. will post 1.55 earnings per share 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.