Freshpet, Inc. $FRPT Shares Bought by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. lifted its position in Freshpet, Inc. (NASDAQ:FRPT) by 91.0% in the 2nd quarter, Holdings Channel.com reports. The fund owned 92,381 shares of the company’s stock after acquiring an additional 44,002 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Freshpet were worth $6,278,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in FRPT. Bessemer Group Inc. grew its position in shares of Freshpet by 20.9% in the 1st quarter. Bessemer Group Inc. now owns 14,183 shares of the company’s stock worth $1,180,000 after acquiring an additional 2,451 shares in the last quarter. KBC Group NV grew its position in shares of Freshpet by 2.1% in the 1st quarter. KBC Group NV now owns 14,704 shares of the company’s stock worth $1,223,000 after acquiring an additional 307 shares in the last quarter. Amalgamated Bank grew its position 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 in the last quarter. New York State Teachers Retirement System acquired a new position in shares of Freshpet in the 1st quarter worth approximately $1,472,000. Finally, Teacher Retirement System of Texas acquired a new position in shares of Freshpet in the 1st quarter worth approximately $561,000.

Insider Buying and Selling at Freshpet

In other news, Director Jacki Sue Kelley acquired 814 shares of the company’s stock in a transaction dated Tuesday, September 9th. The shares were bought at an average price of $56.50 per share, with a total value of $45,991.00. Following the purchase, the director owned 11,907 shares of the company’s stock, valued at approximately $672,745.50. This represents a 7.34% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Walter N. George acquired 1,000 shares of the company’s stock in a transaction dated Monday, September 8th. The stock was purchased at an average cost of $52.57 per share, for a total transaction of $52,570.00. Following the purchase, the director directly owned 46,527 shares in the company, valued at approximately $2,445,924.39. This represents a 2.20% increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 6,008 shares of company stock valued at $332,305 in the last quarter. Corporate insiders own 4.43% of the company’s stock.

Freshpet Stock Up 3.1%

Shares of Freshpet stock opened at $55.82 on Tuesday. The business’s fifty day moving average price is $53.92 and its two-hundred day moving average price is $67.13. The company has a debt-to-equity ratio of 0.40, a current ratio of 4.81 and a quick ratio of 3.75. The company has a market capitalization of $2.72 billion, a P/E ratio of 83.31, a PEG ratio of 1.21 and a beta of 1.74. Freshpet, Inc. has a 1-year low of $46.76 and a 1-year high of $164.07.

Freshpet (NASDAQ:FRPT) last announced 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. The firm had revenue of $264.69 million for 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 revenue for the quarter was up 12.5% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.03) EPS. Freshpet has set its FY 2025 guidance at EPS. As a group, research analysts forecast that Freshpet, Inc. will post 1.55 EPS for the current year.

Analyst Ratings Changes

FRPT has been the subject of several research reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of Freshpet in a research report on Wednesday, October 8th. Truist Financial reduced their price objective on Freshpet from $80.00 to $70.00 and set a “hold” rating for the company in a research report on Tuesday, August 5th. Bank of America restated 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. DA Davidson set a $101.00 price objective on Freshpet in a research report on Thursday, August 7th. Finally, Wells Fargo & Company reduced their price objective on Freshpet from $88.00 to $65.00 and set an “overweight” rating for the company in a research report on Thursday, September 25th. Eight equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $101.13.

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.