AlphaQuest LLC Sells 374 Shares of Freshpet, Inc. $FRPT

AlphaQuest LLC lessened its position in Freshpet, Inc. (NASDAQ:FRPT) by 10.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,256 shares of the company’s stock after selling 374 shares during the quarter. AlphaQuest LLC’s holdings in Freshpet were worth $271,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of FRPT. Elequin Capital LP bought a new position in Freshpet in the 4th quarter worth $29,000. Larson Financial Group LLC increased its holdings 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 worth $56,000 after purchasing an additional 634 shares during the period. Morse Asset Management Inc bought a new position in shares of Freshpet during the 4th quarter worth about $70,000. Hardy Reed LLC increased its holdings in shares of Freshpet by 10.4% during the 1st quarter. Hardy Reed LLC now owns 2,414 shares of the company’s stock worth $201,000 after purchasing an additional 228 shares during the period. Finally, Caitong International Asset Management Co. Ltd bought a new position in shares of Freshpet during the 1st quarter worth about $204,000.

Freshpet Price Performance

Shares of Freshpet stock opened at $56.86 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 3.75 and a current ratio of 4.81. The firm’s 50-day simple moving average is $67.22 and its 200-day simple moving average is $80.09. Freshpet, Inc. has a twelve month low of $55.77 and a twelve month high of $164.07. The firm has a market cap of $2.77 billion, a P/E ratio of 84.87, a price-to-earnings-growth ratio of 1.01 and a beta of 1.77.

Freshpet (NASDAQ:FRPT) last issued its earnings results 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. 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 in the previous year, the business earned ($0.03) EPS. The firm’s revenue was up 12.5% on a year-over-year basis. Freshpet has set its FY 2025 guidance at EPS. As a group, research analysts expect that Freshpet, Inc. will post 1.55 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on FRPT. Benchmark restated a “buy” rating and set a $95.00 price objective (down previously from $120.00) on shares of Freshpet in a report on Tuesday, August 5th. TD Cowen downgraded shares of Freshpet from a “buy” rating to a “hold” rating and set a $96.00 price objective on the stock. in a report on Wednesday, May 28th. Zacks Research upgraded shares of Freshpet from a “strong sell” rating to a “hold” rating in a report on Friday, August 22nd. Truist Financial dropped their price objective 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. Finally, DA Davidson set a $101.00 price objective on shares of Freshpet in a report on Thursday, August 7th. Eight investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $109.29.

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.