Freshpet, Inc. $FRPT Stock Holdings Raised by Blue Trust Inc.

Blue Trust Inc. raised its stake in Freshpet, Inc. (NASDAQ:FRPT) by 100.7% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 833 shares of the company’s stock after purchasing an additional 418 shares during the period. Blue Trust Inc.’s holdings in Freshpet were worth $57,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Freshpet by 12.3% during the 1st quarter. Vanguard Group Inc. now owns 5,223,695 shares of the company’s stock valued at $434,455,000 after buying an additional 571,139 shares during the last quarter. Wellington Management Group LLP grew its position in shares of Freshpet by 8.1% during the 1st quarter. Wellington Management Group LLP now owns 2,616,205 shares of the company’s stock valued at $217,590,000 after buying an additional 196,882 shares during the last quarter. Champlain Investment Partners LLC grew its position in shares of Freshpet by 9.6% during the 1st quarter. Champlain Investment Partners LLC now owns 1,815,884 shares of the company’s stock valued at $151,027,000 after buying an additional 158,416 shares during the last quarter. Riverbridge Partners LLC grew its position in shares of Freshpet by 23.2% during the 2nd quarter. Riverbridge Partners LLC now owns 1,264,959 shares of the company’s stock valued at $85,967,000 after buying an additional 238,130 shares during the last quarter. Finally, Raymond James Financial Inc. grew its position in shares of Freshpet by 3.3% during the 1st quarter. Raymond James Financial Inc. now owns 760,602 shares of the company’s stock valued at $63,259,000 after buying an additional 24,131 shares during the last quarter.

Freshpet Trading Down 4.4%

Shares of NASDAQ:FRPT opened at $51.29 on Friday. The company has a 50 day moving average of $54.88 and a 200-day moving average of $68.24. The firm has a market cap of $2.50 billion, a P/E ratio of 76.55, a P/E/G ratio of 1.15 and a beta of 1.74. Freshpet, Inc. has a twelve month low of $46.76 and a twelve month high of $164.07. 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 issued its quarterly earnings results on Monday, August 4th. The company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates 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 net margin of 3.23% and a return on equity of 4.82%. The business’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.03) EPS. Freshpet has set its FY 2025 guidance at EPS. As a group, analysts anticipate that Freshpet, Inc. will post 1.55 earnings per share for the current fiscal year.

Insider Transactions at Freshpet

In related news, Director Timothy R. Mclevish purchased 3,500 shares of Freshpet stock in a transaction dated Wednesday, September 10th. The stock was bought at an average cost of $56.00 per share, with a total value of $196,000.00. Following the purchase, the director owned 35,290 shares in the company, valued at approximately $1,976,240. The trade was a 11.01% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Walter N. George purchased 1,000 shares of Freshpet stock in a transaction dated Monday, September 8th. The stock was bought at an average cost of $52.57 per share, with a total value of $52,570.00. Following the completion of the purchase, the director owned 46,527 shares in the company, valued at approximately $2,445,924.39. This trade represents a 2.20% increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders purchased 6,008 shares of company stock valued at $332,305. Company insiders own 4.43% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on FRPT. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Freshpet in a research report on Wednesday, October 8th. Benchmark reaffirmed a “buy” rating and set a $95.00 price objective (down previously from $120.00) on shares of Freshpet in a research report on Tuesday, August 5th. Bank of America reaffirmed a “neutral” rating and set a $60.00 price objective (down previously from $81.00) on shares of Freshpet in a research report on Wednesday, October 8th. Truist Financial lowered their price objective on shares of Freshpet from $80.00 to $70.00 and set a “hold” rating for the company in a research report on Tuesday, August 5th. Finally, UBS Group lowered their price objective on shares of Freshpet from $65.00 to $48.00 and set a “sell” rating for the company in a research report on Monday, September 8th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Freshpet presently has an average rating of “Moderate Buy” and an average target price of $103.33.

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.