Freshpet (NASDAQ:FRPT) Director Acquires $52,570.00 in Stock

Key Points

• Freshpet's Director Walter George purchased 1,000 shares at $52.57 each, increasing his stake to 46,527 shares valued at approximately $2.45 million.
• Despite a recent 2.4% decline in stock price, Freshpet reported a year-over-year revenue increase of 12.5% and surpassed earnings estimates by $0.21 per share.
• Numerous analysts have revised their price targets for Freshpet; while Stifel Nicolaus maintained a "buy" rating with a target of $90.00, UBS Group downgraded their target to $48.00 with a "sell" rating.

Freshpet, Inc. (NASDAQ:FRPT - Get Free Report) Director Walter N. George bought 1,000 shares of Freshpet stock in a transaction that occurred on Monday, September 8th. The shares were acquired at an average cost of $52.57 per share, for a total transaction of $52,570.00. Following the acquisition, the director owned 46,527 shares in the company, valued at $2,445,924.39. The trade was a 2.20% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Freshpet Trading Down 0.7%

Shares of NASDAQ:FRPT traded down $0.38 during midday trading on Monday, hitting $51.02. 1,381,686 shares of the stock traded hands, compared to its average volume of 1,607,595. 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 business's 50 day moving average is $61.61 and its two-hundred day moving average is $72.71. The stock has a market capitalization of $2.49 billion, a PE ratio of 76.15, a P/E/G ratio of 0.91 and a beta of 1.72. Freshpet, Inc. has a one year low of $50.15 and a one year high of $164.07.

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, beating analysts' consensus estimates of $0.12 by $0.21. The business had revenue of $264.69 million during the quarter, compared to analyst estimates of $269.75 million. Freshpet had a return on equity of 4.82% and a net margin of 3.23%.Freshpet's quarterly revenue was up 12.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.03) EPS. Freshpet has set its FY 2025 guidance at EPS. As a group, research analysts forecast that Freshpet, Inc. will post 1.55 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Amalgamated Bank raised its stake in shares of Freshpet by 450.6% in the first quarter. Amalgamated Bank now owns 14,823 shares of the company's stock valued at $1,233,000 after acquiring an additional 12,131 shares during the period. Principal Financial Group Inc. raised its holdings in shares of Freshpet by 124.0% in the first quarter. Principal Financial Group Inc. now owns 241,196 shares of the company's stock valued at $20,060,000 after acquiring an additional 133,539 shares in the last quarter. Impax Asset Management Group plc raised its stake in Freshpet by 40.0% in the first quarter. Impax Asset Management Group plc now owns 70,000 shares of the company's stock worth $5,822,000 after buying an additional 20,000 shares in the last quarter. Deutsche Bank AG boosted its position in Freshpet by 31.6% during the first quarter. Deutsche Bank AG now owns 282,840 shares of the company's stock valued at $23,524,000 after purchasing an additional 67,866 shares in the last quarter. Finally, Jump Financial LLC grew its position in shares of Freshpet by 688.5% in the 1st quarter. Jump Financial LLC now owns 96,542 shares of the company's stock worth $8,029,000 after buying an additional 84,299 shares during the last quarter.

Wall Street Analyst Weigh In

FRPT has been the topic of several recent research reports. DA Davidson set a $101.00 price target on Freshpet in a research note on Thursday, August 7th. Wells Fargo & Company reduced 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. Stifel Nicolaus set a $90.00 price objective on Freshpet and gave the company a "buy" rating in a research report on Thursday, June 12th. UBS Group lowered their target price on shares of Freshpet from $65.00 to $48.00 and set a "sell" rating on the stock in a research note on Monday, September 8th. Finally, Benchmark reiterated a "buy" rating and issued a $95.00 price target (down from $120.00) on shares of Freshpet in a research note on Tuesday, August 5th. Eight analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus 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.