Scientech Research LLC Buys Shares of 9,419 Freshpet, Inc. $FRPT

Key Points

• Scientech Research LLC acquired 9,419 shares of Freshpet, Inc. valued at approximately $783,000 during the first quarter.
• Freshpet's quarterly earnings surpassed expectations, reporting $0.33 earnings per share compared to the consensus estimate of $0.12, along with a 12.5% revenue increase year-over-year.
• Investment analysts have a mixed outlook on Freshpet with price targets ranging from $48 to $101, and the stock currently holds an average rating of "Hold."

Scientech Research LLC bought a new stake in shares of Freshpet, Inc. (NASDAQ:FRPT - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 9,419 shares of the company's stock, valued at approximately $783,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Vident Advisory LLC increased its stake in Freshpet by 4.0% in the 4th quarter. Vident Advisory LLC now owns 2,111 shares of the company's stock worth $313,000 after acquiring an additional 82 shares during the last quarter. Elequin Capital LP bought a new stake in shares of Freshpet during the 4th quarter valued at about $29,000. Tidal Investments LLC boosted its position in shares of Freshpet by 10.4% during the 4th quarter. Tidal Investments LLC now owns 2,174 shares of the company's stock valued at $322,000 after acquiring an additional 205 shares during the last quarter. Hardy Reed LLC boosted its position in shares of Freshpet by 10.4% during the 1st quarter. Hardy Reed LLC now owns 2,414 shares of the company's stock valued at $201,000 after acquiring an additional 228 shares during the last quarter. Finally, Xponance Inc. boosted its position in shares of Freshpet by 7.1% during the 1st quarter. Xponance Inc. now owns 3,611 shares of the company's stock valued at $300,000 after acquiring an additional 238 shares during the last quarter.

Freshpet Stock Performance

Freshpet stock opened at $55.72 on Tuesday. The company has a quick ratio of 3.75, a current ratio of 4.81 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $2.72 billion, a PE ratio of 83.16, a P/E/G ratio of 0.98 and a beta of 1.72. The firm has a fifty day simple moving average of $65.08 and a two-hundred day simple moving average of $76.05. Freshpet, Inc. has a twelve month low of $52.27 and a twelve month high of $164.07.

Freshpet (NASDAQ:FRPT - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.21. The business had revenue of $264.69 million during the quarter, compared to the consensus estimate of $269.75 million. Freshpet had a net margin of 3.23% and a return on equity of 4.82%. The firm's revenue for the quarter was up 12.5% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.03) earnings per share. Freshpet has set its FY 2025 guidance at EPS. Research analysts expect that Freshpet, Inc. will post 1.55 EPS for the current year.

Analysts Set New Price Targets

FRPT has been the subject of a number of research analyst reports. JPMorgan Chase & Co. initiated coverage on Freshpet in a research report on Wednesday, August 20th. They set a "neutral" rating and a $70.00 price target for the company. DA Davidson set a $101.00 price target on Freshpet in a research report on Thursday, August 7th. UBS Group dropped their price target on Freshpet from $65.00 to $48.00 and set a "sell" rating for the company in a research report on Monday. Zacks Research upgraded Freshpet from a "strong sell" rating to a "hold" rating in a research report on Friday, August 22nd. Finally, Benchmark reiterated a "buy" rating and set a $95.00 price target (down previously from $120.00) on shares of Freshpet in a research report on Tuesday, August 5th. Eight investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $108.07.

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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