Roubaix Capital LLC Invests $3.15 Million in Freshpet, Inc. $FRPT

Key Points

• Roubaix Capital LLC acquired 37,888 shares of Freshpet, Inc., valued at approximately $3.15 million, constituting about 0.08% of the company as per their latest SEC filing.
• Freshpet recently reported a 12.5% revenue increase year-over-year, with earnings per share of $0.33, exceeding analysts' estimates of $0.12.
• Brokerage firms are divided on Freshpet, with one analyst giving a sell rating and six issuing hold ratings, while eight have assigned buy ratings, reflecting mixed sentiments in the market.

Roubaix Capital LLC purchased a new stake in Freshpet, Inc. (NASDAQ:FRPT - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 37,888 shares of the company's stock, valued at approximately $3,151,000. Roubaix Capital LLC owned 0.08% of Freshpet as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of FRPT. XTX Topco Ltd raised its position in shares of Freshpet by 18.4% in the fourth quarter. XTX Topco Ltd now owns 1,749 shares of the company's stock valued at $259,000 after purchasing an additional 272 shares during the period. Jump Financial LLC grew its stake in Freshpet by 173.7% during the fourth quarter. Jump Financial LLC now owns 12,243 shares of the company's stock valued at $1,813,000 after acquiring an additional 7,770 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its stake in Freshpet by 3.0% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 12,662 shares of the company's stock valued at $1,874,000 after acquiring an additional 364 shares in the last quarter. GeoWealth Management LLC purchased a new position in Freshpet during the fourth quarter valued at approximately $122,000. Finally, Freedom Investment Management Inc. grew its stake in Freshpet by 5.3% during the fourth quarter. Freedom Investment Management Inc. now owns 1,678 shares of the company's stock valued at $249,000 after acquiring an additional 84 shares in the last quarter.

Analyst Ratings Changes

Several equities analysts recently commented on FRPT shares. 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. Wall Street Zen raised shares of Freshpet from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. DA Davidson set a $101.00 price objective on shares of Freshpet in a research note on Thursday, August 7th. Wells Fargo & Company reduced their price objective on shares of Freshpet from $100.00 to $88.00 and set an "overweight" rating for the company in a research note on Wednesday, July 9th. Finally, Robert W. Baird reduced their price objective on shares of Freshpet from $125.00 to $115.00 and set an "outperform" rating for the company in a research note on Tuesday, May 6th. Eight equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $109.29.

Freshpet Price Performance

FRPT stock traded down $0.45 during midday trading on Thursday, reaching $60.45. The company had a trading volume of 1,415,513 shares, compared to its average volume of 1,340,154. 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 1 year low of $59.23 and a 1 year high of $164.07. The company has a market capitalization of $2.95 billion, a P/E ratio of 90.22, a P/E/G ratio of 1.10 and a beta of 1.77. The firm has a 50-day moving average price of $68.98 and a 200-day moving average price of $83.81.

Freshpet (NASDAQ:FRPT - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The company reported $0.33 EPS for the quarter, topping analysts' consensus estimates of $0.12 by $0.21. The business had revenue of $264.69 million during 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 quarterly revenue was up 12.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.03) EPS. Freshpet has set its FY 2025 guidance at EPS. On average, research analysts anticipate 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.