Insider Buying: Freshpet (NASDAQ:FRPT) Director Buys 378 Shares of Stock

Key Points

• Olufunlayo Ol Fajemirokun-Beck, a director at Freshpet, acquired **378 shares** of the company's stock for approximately **$20,079**, increasing their total ownership to **9,615 shares** valued at about **$510,748.80**.
• Freshpet's stock price showed a **3.0%** increase, reaching **$54.03**, with a **twelve-month high** of **$164.07** and a **twelve-month low** of **$52.09**.
• The company recently reported earnings of **$0.33 per share**, beating estimates significantly, and recorded a **12.5% year-over-year** increase in quarterly revenue, totaling **$264.69 million**.

Freshpet, Inc. (NASDAQ:FRPT - Get Free Report) Director Olufunlayo Ol Fajemirokun-Beck purchased 378 shares of the business's stock in a transaction that occurred on Monday, September 15th. The stock was acquired at an average price of $53.12 per share, for a total transaction of $20,079.36. Following the purchase, the director owned 9,615 shares of the company's stock, valued at approximately $510,748.80. This represents a 4.09% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Freshpet Stock Down 1.4%

Shares of NASDAQ:FRPT traded down $0.72 during trading on Friday, hitting $51.40. The company's stock had a trading volume of 2,129,159 shares, compared to its average volume of 1,546,352. 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 fifty-two week low of $50.93 and a fifty-two week high of $164.07. The stock's 50-day moving average price is $62.03 and its two-hundred day moving average price is $73.16. The company has a market capitalization of $2.51 billion, a PE ratio of 76.72, a PEG ratio of 0.91 and a beta of 1.72.

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 the consensus estimate 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 for the quarter, compared to analysts' expectations of $269.75 million. During the same quarter in the previous year, the firm posted ($0.03) earnings per share. The company's revenue was up 12.5% compared to the same quarter last year. Freshpet has set its FY 2025 guidance at EPS. As a group, sell-side analysts expect that Freshpet, Inc. will post 1.55 EPS for the current year.

Institutional Trading of Freshpet

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Osaic Holdings Inc. raised its position in shares of Freshpet by 45.1% during the 2nd quarter. Osaic Holdings Inc. now owns 5,318 shares of the company's stock worth $361,000 after purchasing an additional 1,652 shares during the period. Centaurus Financial Inc. raised its position in shares of Freshpet by 48.1% during the 2nd quarter. Centaurus Financial Inc. now owns 5,868 shares of the company's stock worth $399,000 after purchasing an additional 1,907 shares during the period. Orion Porfolio Solutions LLC acquired a new stake in shares of Freshpet during the 2nd quarter worth approximately $432,000. Thrivent Financial for Lutherans raised its stake in Freshpet by 1.0% during the 2nd quarter. Thrivent Financial for Lutherans now owns 39,358 shares of the company's stock valued at $2,676,000 after acquiring an additional 401 shares in the last quarter. Finally, Neuberger Berman Group LLC bought a new stake in Freshpet during the 2nd quarter valued at $12,456,000.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on FRPT shares. Wells Fargo & Company cut their price target on Freshpet from $100.00 to $88.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 9th. JPMorgan Chase & Co. assumed coverage on Freshpet in a research note on Wednesday, August 20th. They issued a "neutral" rating and a $70.00 price target on the stock. Wall Street Zen upgraded Freshpet from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Truist Financial cut their price objective on Freshpet from $80.00 to $70.00 and set a "hold" rating on the stock in a research note on Tuesday, August 5th. Finally, Benchmark restated a "buy" rating and set a $95.00 price objective (down previously from $120.00) on shares of Freshpet in a research note on Tuesday, August 5th. Eight investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $108.07.

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.