Amundi Lowers Position in Freshpet, Inc. $FRPT

Amundi cut its stake in Freshpet, Inc. (NASDAQ:FRPT) by 3.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 79,677 shares of the company’s stock after selling 2,523 shares during the quarter. Amundi owned 0.16% of Freshpet worth $6,470,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Elequin Capital LP purchased a new stake in shares of Freshpet during the fourth quarter valued at approximately $29,000. WPG Advisers LLC purchased a new stake in Freshpet in the first quarter worth $34,000. Larson Financial Group LLC increased its position in Freshpet by 1,585.0% in the first quarter. Larson Financial Group LLC now owns 674 shares of the company’s stock worth $56,000 after buying an additional 634 shares during the last quarter. Morse Asset Management Inc purchased a new stake in Freshpet in the fourth quarter worth $70,000. Finally, Corebridge Financial Inc. increased its position in Freshpet by 313.8% in the first quarter. Corebridge Financial Inc. now owns 2,044 shares of the company’s stock worth $170,000 after buying an additional 1,550 shares during the last quarter.

Freshpet Price Performance

NASDAQ:FRPT opened at $53.41 on Thursday. The firm has a market capitalization of $2.61 billion, a price-to-earnings ratio of 79.72, a P/E/G ratio of 1.01 and a beta of 1.72. Freshpet, Inc. has a 52-week low of $52.27 and a 52-week high of $164.07. The stock has a fifty day moving average of $64.42 and a 200 day moving average of $75.76. 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 (NASDAQ:FRPT) last posted its quarterly earnings data on Monday, August 4th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.21. The company 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%.The firm’s quarterly revenue was up 12.5% on a year-over-year basis. During the same quarter last year, the company earned ($0.03) earnings per share. Freshpet has set its FY 2025 guidance at EPS. On average, research analysts expect that Freshpet, Inc. will post 1.55 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on FRPT. UBS Group decreased their target price on Freshpet from $65.00 to $48.00 and set a “sell” rating for the company in a research report on Monday. Wells Fargo & Company decreased their target price on Freshpet from $100.00 to $88.00 and set an “overweight” rating for the company in a research report on Wednesday, July 9th. Truist Financial decreased their target price on Freshpet from $80.00 to $70.00 and set a “hold” rating for the company in a research report on Tuesday, August 5th. Stifel Nicolaus set a $90.00 price target on Freshpet and gave the stock a “buy” rating in a report on Thursday, June 12th. Finally, Zacks Research raised Freshpet from a “strong sell” rating to a “hold” rating in a report on Friday, August 22nd. Eight investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Freshpet currently has an average rating of “Hold” and an average price target 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.