Wellington Management Group LLP Buys 196,882 Shares of Freshpet, Inc. $FRPT

Key Points

• Wellington Management Group LLP increased its stake in Freshpet, Inc. by 8.1%, owning 5.36% of the company, which is valued at approximately $217.59 million.
• Freshpet reported $0.33 earnings per share for the last quarter, beating estimates while experiencing a 12.5% revenue increase year-over-year.
• The stock has a market capitalization of $3.04 billion and is currently rated as a "Moderate Buy" by analysts with an average target price of $110.36.

Wellington Management Group LLP increased its stake in Freshpet, Inc. (NASDAQ:FRPT - Free Report) by 8.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,616,205 shares of the company's stock after buying an additional 196,882 shares during the quarter. Wellington Management Group LLP owned approximately 5.36% of Freshpet worth $217,590,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Elequin Capital LP acquired a new stake in shares of Freshpet in the 4th quarter valued at approximately $29,000. Morse Asset Management Inc acquired a new stake in shares of Freshpet in the 4th quarter valued at approximately $70,000. Larson Financial Group LLC boosted its holdings in shares of Freshpet by 1,585.0% in the 1st quarter. Larson Financial Group LLC now owns 674 shares of the company's stock valued at $56,000 after buying an additional 634 shares during the last quarter. GeoWealth Management LLC acquired a new stake in shares of Freshpet in the 4th quarter valued at approximately $122,000. Finally, Teza Capital Management LLC acquired a new stake in shares of Freshpet in the 4th quarter valued at approximately $211,000.

Freshpet Price Performance

Shares of NASDAQ FRPT traded down $3.9590 during mid-day trading on Monday, reaching $58.6610. The company had a trading volume of 560,461 shares, compared to its average volume of 1,332,301. 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 $58.88 and a one year high of $164.07. The firm has a market cap of $2.86 billion, a price-to-earnings ratio of 87.63, a PEG ratio of 1.11 and a beta of 1.77. The business's 50-day simple moving average is $68.40 and its 200 day simple moving average is $81.55.

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 company had revenue of $264.69 million for the quarter, compared to analysts' expectations of $269.75 million. During the same quarter last year, the business earned ($0.03) earnings per share. Freshpet's revenue was up 12.5% on a year-over-year basis. Freshpet has set its FY 2025 guidance at EPS. On average, research analysts predict that Freshpet, Inc. will post 1.55 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Wall Street Zen raised Freshpet from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Benchmark reissued a "buy" rating and issued a $95.00 price objective (down previously from $120.00) on shares of Freshpet in a report on Tuesday, August 5th. UBS Group began coverage on Freshpet in a report on Monday, June 16th. They set a "sell" rating and a $65.00 price target for the company. DA Davidson set a $101.00 price target on Freshpet in a report on Thursday, August 7th. Finally, Wells Fargo & Company cut their price target on Freshpet from $100.00 to $88.00 and set an "overweight" rating for the company in a report on Wednesday, July 9th. Eight equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Freshpet has a consensus rating of "Moderate Buy" and an average target price of $109.29.

Freshpet Company Profile

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.