GAMMA Investing LLC Boosts Stake in Freshpet, Inc. $FRPT

GAMMA Investing LLC raised its stake in shares of Freshpet, Inc. (NASDAQ:FRPT) by 283.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 1,458 shares of the company’s stock after purchasing an additional 1,078 shares during the period. GAMMA Investing LLC’s holdings in Freshpet were worth $99,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Banque Transatlantique SA purchased a new stake in shares of Freshpet in the first quarter worth $25,000. WPG Advisers LLC bought a new position in Freshpet in the 1st quarter worth $34,000. Larson Financial Group LLC boosted its holdings in Freshpet by 1,585.0% in the 1st 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 period. Jones Financial Companies Lllp lifted its position in shares of Freshpet by 734.1% in the first quarter. Jones Financial Companies Lllp now owns 1,810 shares of the company’s stock valued at $151,000 after acquiring an additional 1,593 shares in the last quarter. Finally, Corebridge Financial Inc. lifted its position in shares of Freshpet by 313.8% in the first quarter. Corebridge Financial Inc. now owns 2,044 shares of the company’s stock valued at $170,000 after acquiring an additional 1,550 shares in the last quarter.

Insiders Place Their Bets

In other Freshpet news, Director Walter N. George acquired 1,000 shares of the company’s stock in a transaction dated Monday, September 8th. The shares were acquired at an average cost of $52.57 per share, with a total value of $52,570.00. Following the acquisition, the director directly owned 46,527 shares of the company’s stock, valued at approximately $2,445,924.39. The trade was a 2.20% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Timothy R. Mclevish acquired 3,500 shares of the business’s stock in a transaction on Wednesday, September 10th. The stock was purchased at an average cost of $56.00 per share, with a total value of $196,000.00. Following the acquisition, the director directly owned 35,290 shares of the company’s stock, valued at $1,976,240. This represents a 11.01% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 6,008 shares of company stock valued at $332,305. 4.43% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on FRPT shares. DA Davidson set a $101.00 target price on Freshpet in a research note on Thursday, August 7th. Truist Financial cut their price objective on shares of Freshpet from $80.00 to $70.00 and set a “hold” rating for the company in a report on Tuesday, August 5th. JPMorgan Chase & Co. began coverage on shares of Freshpet in a research report on Wednesday, August 20th. They set a “neutral” rating and a $70.00 target price for the company. Benchmark restated a “buy” rating and set a $95.00 target price (down previously from $120.00) on shares of Freshpet in a research report on Tuesday, August 5th. Finally, UBS Group decreased their price target 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. Eight analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $106.43.

Freshpet Stock Down 1.8%

Shares of FRPT opened at $54.10 on Thursday. Freshpet, Inc. has a 12-month low of $48.41 and a 12-month high of $164.07. The firm has a fifty day moving average price of $58.86 and a 200-day moving average price of $71.22. The firm has a market capitalization of $2.64 billion, a P/E ratio of 80.75, a P/E/G ratio of 1.02 and a beta of 1.74. The company has a current ratio of 4.81, a quick ratio of 3.75 and a debt-to-equity ratio of 0.40.

Freshpet (NASDAQ:FRPT) last released its quarterly earnings data on Monday, August 4th. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.21. The firm had revenue of $264.69 million during the quarter, compared to the consensus estimate 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 period in the previous year, the company posted ($0.03) earnings per share. Freshpet has set its FY 2025 guidance at EPS. Equities research analysts expect that Freshpet, Inc. will post 1.55 earnings per share for the current year.

Freshpet 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.