Savoir Faire Capital Management L.P. Purchases 17,405 Shares of Freshpet, Inc. $FRPT

Savoir Faire Capital Management L.P. grew its position in Freshpet, Inc. (NASDAQ:FRPT) by 56.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 48,184 shares of the company’s stock after purchasing an additional 17,405 shares during the quarter. Freshpet makes up approximately 1.6% of Savoir Faire Capital Management L.P.’s portfolio, making the stock its 25th largest holding. Savoir Faire Capital Management L.P. owned 0.10% of Freshpet worth $3,275,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of FRPT. KBC Group NV grew its stake in shares of Freshpet by 2.1% in the first quarter. KBC Group NV now owns 14,704 shares of the company’s stock worth $1,223,000 after acquiring an additional 307 shares during the last quarter. Amalgamated Bank grew its stake in shares of Freshpet by 450.6% in the first 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. New York State Teachers Retirement System acquired a new stake in shares of Freshpet in the first quarter worth $1,472,000. Teacher Retirement System of Texas bought a new position in shares of Freshpet during the 1st quarter worth about $561,000. Finally, Oregon Public Employees Retirement Fund bought a new position in shares of Freshpet during the 1st quarter worth about $923,000.

Analyst Upgrades and Downgrades

FRPT has been the topic of several research reports. Stifel Nicolaus dropped their price objective on shares of Freshpet from $90.00 to $65.00 and set a “buy” rating on the stock in a report on Friday, October 24th. DA Davidson set a $101.00 price objective on shares of Freshpet in a report on Thursday, August 7th. 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. JPMorgan Chase & Co. dropped their price objective on shares of Freshpet from $70.00 to $62.00 and set a “neutral” rating on the stock in a report on Thursday, October 23rd. Finally, Zacks Research downgraded shares of Freshpet from a “strong-buy” rating to a “strong sell” rating in a report on Monday, October 20th. Eight analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Freshpet has a consensus rating of “Hold” and a consensus target price of $101.13.

Insider Buying and Selling at Freshpet

In other news, Director Timothy R. Mclevish purchased 3,500 shares of Freshpet stock in a transaction 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 completion of the transaction, the director directly owned 35,290 shares in the company, valued at approximately $1,976,240. This represents a 11.01% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jacki Sue Kelley purchased 814 shares of Freshpet stock in a transaction on Tuesday, September 9th. The stock was purchased at an average price of $56.50 per share, for a total transaction of $45,991.00. Following the completion of the transaction, 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 SEC filing for this purchase provides additional information. Over the last three months, insiders purchased 6,008 shares of company stock valued at $332,305. 4.43% of the stock is currently owned by company insiders.

Freshpet Stock Down 3.8%

FRPT opened at $50.60 on Friday. Freshpet, Inc. has a fifty-two week low of $46.76 and a fifty-two week high of $164.07. 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 firm’s fifty day moving average price is $53.39 and its two-hundred day moving average price is $66.66. The company has a market capitalization of $2.47 billion, a P/E ratio of 75.52, a P/E/G ratio of 1.18 and a beta of 1.74.

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 firm had revenue of $264.69 million for the quarter, compared to the consensus estimate of $269.75 million. During the same quarter in the previous year, the company earned ($0.03) earnings per share. The business’s revenue was up 12.5% compared to the same quarter last year. Freshpet has set its FY 2025 guidance at EPS. On average, analysts anticipate that Freshpet, Inc. will post 1.55 EPS for the current 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.