Freshpet, Inc. $FRPT Shares Purchased by Connors Investor Services Inc.

Connors Investor Services Inc. boosted its position in Freshpet, Inc. (NASDAQ:FRPT) by 53.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 37,132 shares of the company’s stock after purchasing an additional 12,857 shares during the period. Connors Investor Services Inc.’s holdings in Freshpet were worth $2,523,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Banque Transatlantique SA acquired a new stake in Freshpet in the first quarter worth approximately $25,000. WPG Advisers LLC acquired a new stake in shares of Freshpet during the 1st quarter valued at $34,000. Larson Financial Group LLC lifted its position in shares of Freshpet by 1,585.0% during the 1st quarter. Larson Financial Group LLC now owns 674 shares of the company’s stock valued at $56,000 after acquiring an additional 634 shares during the last quarter. Blue Trust Inc. lifted its position in shares of Freshpet by 100.7% during the 2nd quarter. Blue Trust Inc. now owns 833 shares of the company’s stock valued at $57,000 after acquiring an additional 418 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Freshpet by 283.7% during the 2nd quarter. GAMMA Investing LLC now owns 1,458 shares of the company’s stock valued at $99,000 after acquiring an additional 1,078 shares during the last quarter.

Analyst Ratings Changes

A number of brokerages have recently commented on FRPT. Wall Street Zen upgraded Freshpet from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Freshpet in a research report on Wednesday, October 8th. Zacks Research downgraded Freshpet from a “strong-buy” rating to a “strong sell” rating in a research report on Monday. JPMorgan Chase & Co. began coverage on Freshpet in a research report on Wednesday, August 20th. They set a “neutral” rating and a $70.00 price objective for the company. Finally, Benchmark reissued a “buy” rating and set a $95.00 target price (down from $120.00) on shares of Freshpet in a research note on Tuesday, August 5th. Eight analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Freshpet has an average rating of “Hold” and an average price target of $103.33.

Insider Transactions at Freshpet

In related news, Director Timothy R. Mclevish purchased 3,500 shares of the company’s stock in a transaction dated Wednesday, September 10th. The shares were acquired at an average cost of $56.00 per share, with a total value of $196,000.00. Following the completion of the purchase, the director owned 35,290 shares of the company’s stock, valued at $1,976,240. The trade was a 11.01% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Walter N. George purchased 1,000 shares of the company’s stock in a transaction dated Monday, September 8th. The stock was bought at an average cost 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 of the company’s stock, valued at $2,445,924.39. The trade was a 2.20% increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 6,008 shares of company stock valued at $332,305. 4.43% of the stock is owned by insiders.

Freshpet Price Performance

Shares of NASDAQ:FRPT opened at $57.51 on Thursday. Freshpet, Inc. has a 12-month low of $46.76 and a 12-month high of $164.07. The company has a quick ratio of 3.75, a current ratio of 4.81 and a debt-to-equity ratio of 0.40. The company has a market cap of $2.81 billion, a P/E ratio of 85.84, a price-to-earnings-growth ratio of 1.22 and a beta of 1.74. The company’s fifty day moving average is $54.37 and its two-hundred day moving average is $67.79.

Freshpet (NASDAQ:FRPT) last posted 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. 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 the consensus estimate of $269.75 million. During the same period in the prior year, the business posted ($0.03) earnings per share. Freshpet’s revenue for the quarter was up 12.5% compared to the same quarter last year. Freshpet has set its FY 2025 guidance at EPS. Equities analysts expect that Freshpet, Inc. will post 1.55 earnings per share for the current fiscal year.

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.