PDT Partners LLC Purchases 56,705 Shares of Freshpet, Inc. $FRPT

Key Points

• PDT Partners LLC significantly increased its stake in Freshpet, Inc. by 626.2%, owning approximately 0.13% of the company valued at $5.47 million after acquiring additional shares in the first quarter.
• Freshpet reported earnings per share (EPS) of $0.33, exceeding analysts' expectations of $0.12, with revenue of $264.69 million for the quarter, reflecting a 12.5% year-over-year increase.
• The company's stock has a market capitalization of $2.72 billion and is currently rated as a "Hold" by analysts, with a consensus target price of $109.29.

PDT Partners LLC increased its position in Freshpet, Inc. (NASDAQ:FRPT - Free Report) by 626.2% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 65,761 shares of the company's stock after buying an additional 56,705 shares during the period. PDT Partners LLC owned about 0.13% of Freshpet worth $5,469,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Elequin Capital LP bought a new position in Freshpet in the 4th quarter worth $29,000. WPG Advisers LLC bought a new position in Freshpet in the 1st quarter worth $34,000. Morse Asset Management Inc bought a new position in Freshpet in the 4th quarter worth $70,000. Larson Financial Group LLC boosted its holdings in Freshpet by 1,585.0% in the 1st quarter. Larson Financial Group LLC now owns 674 shares of the company's stock worth $56,000 after buying an additional 634 shares during the period. Finally, Teza Capital Management LLC bought a new position in Freshpet in the 4th quarter worth $211,000.

Freshpet Price Performance

Shares of NASDAQ FRPT traded up $2.03 during mid-day trading on Friday, hitting $55.27. 1,271,490 shares of the company's stock traded hands, compared to its average volume of 1,288,536. The company's 50-day moving average is $65.33 and its two-hundred day moving average is $76.94. The company has a debt-to-equity ratio of 0.40, a current ratio of 4.81 and a quick ratio of 3.75. The company has a market capitalization of $2.70 billion, a P/E ratio of 82.49, a PEG ratio of 0.94 and a beta of 1.72. Freshpet, Inc. has a 1 year low of $52.27 and a 1 year high of $164.07.

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

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. TD Cowen downgraded shares of Freshpet from a "buy" rating to a "hold" rating and set a $96.00 target price for the company. in a report on Wednesday, May 28th. UBS Group assumed coverage on shares of Freshpet in a report on Monday, June 16th. They set a "sell" rating and a $65.00 price objective for the company. Benchmark reissued a "buy" rating and set a $95.00 price objective (down previously from $120.00) on shares of Freshpet in a report on Tuesday, August 5th. Truist Financial dropped their price objective 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. Finally, JPMorgan Chase & Co. assumed coverage on shares of Freshpet in a report on Wednesday, August 20th. They set a "neutral" rating and a $70.00 price objective for the company. Eight equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target 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.