Freshpet, Inc. $FRPT Shares Purchased by Cwm LLC

Cwm LLC lifted its stake in Freshpet, Inc. (NASDAQ:FRPT) by 200.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 15,750 shares of the company’s stock after acquiring an additional 10,507 shares during the quarter. Cwm LLC’s holdings in Freshpet were worth $1,070,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Amalgamated Bank lifted its holdings in shares of Freshpet by 450.6% in the 1st quarter. Amalgamated Bank now owns 14,823 shares of the company’s stock worth $1,233,000 after acquiring an additional 12,131 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in Freshpet by 124.0% during the 1st quarter. Principal Financial Group Inc. now owns 241,196 shares of the company’s stock worth $20,060,000 after buying an additional 133,539 shares in the last quarter. Impax Asset Management Group plc lifted its holdings in Freshpet by 40.0% during the 1st 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 lifted its holdings in Freshpet by 31.6% during the 1st quarter. Deutsche Bank AG now owns 282,840 shares of the company’s stock worth $23,524,000 after buying an additional 67,866 shares in the last quarter. Finally, Jump Financial LLC lifted its holdings in Freshpet by 688.5% during 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 in the last quarter.

Insider Buying and Selling

In related news, Director Timothy R. Mclevish purchased 3,500 shares of the business’s stock in a transaction that occurred on Wednesday, September 10th. The shares were purchased at an average cost of $56.00 per share, for a total transaction of $196,000.00. Following the purchase, the director directly owned 35,290 shares of the company’s stock, valued at $1,976,240. The trade was a 11.01% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Walter N. George purchased 1,000 shares of the business’s stock in a transaction that occurred on Monday, September 8th. The shares were bought at an average price of $52.57 per share, for a total transaction of $52,570.00. Following the completion of the purchase, the director directly owned 46,527 shares in the company, valued at $2,445,924.39. This represents a 2.20% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased 6,008 shares of company stock worth $332,305 in the last ninety days. 4.43% of the stock is owned by corporate insiders.

Freshpet Price Performance

Shares of FRPT opened at $54.55 on Wednesday. Freshpet, Inc. has a twelve month low of $46.76 and a twelve month high of $164.07. The firm’s fifty day simple moving average is $54.50 and its 200-day simple moving average is $67.86. The firm has a market capitalization of $2.66 billion, a price-to-earnings ratio of 81.42, a PEG ratio of 1.16 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 announced its quarterly earnings data on Monday, August 4th. The company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.21. Freshpet had a net margin of 3.23% and a return on equity of 4.82%. The business had revenue of $264.69 million for the quarter, compared to analyst estimates of $269.75 million. During the same period last year, the business earned ($0.03) EPS. The company’s revenue was up 12.5% on a year-over-year basis. Freshpet has set its FY 2025 guidance at EPS. Equities analysts forecast that Freshpet, Inc. will post 1.55 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. assumed coverage on shares of Freshpet in a report on Wednesday, August 20th. They set a “neutral” rating and a $70.00 target price on the stock. Truist Financial reduced their target price on shares of Freshpet from $80.00 to $70.00 and set a “hold” rating on the stock in a report on Tuesday, August 5th. Benchmark reiterated a “buy” rating and set a $95.00 target price (down from $120.00) on shares of Freshpet in a report on Tuesday, August 5th. UBS Group reduced their target price on shares of Freshpet from $65.00 to $48.00 and set a “sell” rating on the stock in a report on Monday, September 8th. Finally, Wall Street Zen upgraded shares of Freshpet from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus 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.