Versor Investments LP Increases Position in Freshpet, Inc. $FRPT

Key Points

• Versor Investments LP increased its stake in Freshpet, Inc. by 169.5%, acquiring an additional 9,998 shares, bringing its total holdings to 15,898 shares valued at approximately $1.32 million.
• Freshpet reported earnings of $0.33 per share for the latest quarter, exceeding analysts' estimates of $0.12, though it fell short of the revenue consensus of $269.75 million with actual revenue of $264.69 million.
• Freshpet's stock has dropped 3.2%, currently trading at $61.24, and analysts have mixed ratings with an average target price of $110.36.

Versor Investments LP lifted its holdings in shares of Freshpet, Inc. (NASDAQ:FRPT - Free Report) by 169.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,898 shares of the company's stock after purchasing an additional 9,998 shares during the quarter. Versor Investments LP's holdings in Freshpet were worth $1,322,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Amalgamated Bank lifted its position in Freshpet by 450.6% in the 1st quarter. Amalgamated Bank now owns 14,823 shares of the company's stock worth $1,233,000 after buying an additional 12,131 shares during the last quarter. Principal Financial Group Inc. increased its stake in Freshpet by 124.0% in the 1st quarter. Principal Financial Group Inc. now owns 241,196 shares of the company's stock worth $20,060,000 after purchasing an additional 133,539 shares during the period. Impax Asset Management Group plc increased its stake in Freshpet by 40.0% in the 1st quarter. Impax Asset Management Group plc now owns 70,000 shares of the company's stock worth $5,822,000 after purchasing an additional 20,000 shares during the period. Ensign Peak Advisors Inc increased its stake in Freshpet by 7.4% in the 4th quarter. Ensign Peak Advisors Inc now owns 98,481 shares of the company's stock worth $14,586,000 after purchasing an additional 6,776 shares during the period. Finally, Deutsche Bank AG increased its stake in Freshpet by 31.6% in the 1st quarter. Deutsche Bank AG now owns 282,840 shares of the company's stock worth $23,524,000 after purchasing an additional 67,866 shares during the period.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Stifel Nicolaus set a $90.00 price target on Freshpet and gave the stock a "buy" rating in a research note on Thursday, June 12th. TD Cowen cut Freshpet from a "buy" rating to a "hold" rating and set a $96.00 target price on the stock. in a research note on Wednesday, May 28th. UBS Group started coverage on Freshpet in a research note on Monday, June 16th. They set a "sell" rating and a $65.00 target price on the stock. Robert W. Baird reduced their target price on Freshpet from $125.00 to $115.00 and set an "outperform" rating on the stock in a research note on Tuesday, May 6th. Finally, Wells Fargo & Company reduced their target price on Freshpet from $100.00 to $88.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 9th. Eight analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $109.29.

Freshpet Stock Performance

Shares of NASDAQ:FRPT traded down $0.45 during midday trading on Thursday, reaching $60.45. 1,415,530 shares of the company's stock traded hands, compared to its average volume of 1,340,157. The company has a market cap of $2.95 billion, a price-to-earnings ratio of 90.22, a P/E/G ratio of 1.10 and a beta of 1.77. The company has a debt-to-equity ratio of 0.40, a quick ratio of 3.75 and a current ratio of 4.81. Freshpet, Inc. has a one year low of $59.23 and a one year high of $164.07. The stock has a 50 day moving average of $68.98 and a 200 day moving average of $83.81.

Freshpet (NASDAQ:FRPT - Get Free Report) last issued 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. Freshpet had a return on equity of 4.82% and a net margin of 3.23%.The business had revenue of $264.69 million during the quarter, compared to analysts' expectations of $269.75 million. During the same quarter in the prior year, the business posted ($0.03) earnings per share. The business's quarterly revenue was up 12.5% on a year-over-year basis. Freshpet has set its FY 2025 guidance at EPS. As a group, equities research analysts anticipate 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.