Y Intercept Hong Kong Ltd Acquires Shares of 23,785 Freshpet, Inc. $FRPT

Y Intercept Hong Kong Ltd bought a new position in shares of Freshpet, Inc. (NASDAQ:FRPT) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 23,785 shares of the company’s stock, valued at approximately $1,616,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Maryland State Retirement & Pension System lifted its holdings in Freshpet by 1.2% during the 2nd quarter. Maryland State Retirement & Pension System now owns 16,510 shares of the company’s stock worth $1,122,000 after buying an additional 189 shares in the last quarter. Hardy Reed LLC raised its position in shares of Freshpet by 10.4% during the first quarter. Hardy Reed LLC now owns 2,414 shares of the company’s stock worth $201,000 after acquiring an additional 228 shares during the last quarter. Xponance Inc. lifted its stake in shares of Freshpet by 7.1% during the first quarter. Xponance Inc. now owns 3,611 shares of the company’s stock valued at $300,000 after acquiring an additional 238 shares during the period. Wealth Alliance LLC boosted its holdings in Freshpet by 7.6% in the first quarter. Wealth Alliance LLC now owns 3,419 shares of the company’s stock valued at $284,000 after acquiring an additional 242 shares during the last quarter. Finally, Yousif Capital Management LLC increased its position in Freshpet by 1.4% in the second quarter. Yousif Capital Management LLC now owns 18,408 shares of the company’s stock worth $1,251,000 after purchasing an additional 253 shares during the period.

Insider Transactions at Freshpet

In related news, Director Walter N. George bought 1,000 shares of the company’s stock in a transaction on Monday, September 8th. The shares were purchased at an average cost of $52.57 per share, for a total transaction of $52,570.00. Following the acquisition, the director owned 46,527 shares of the company’s stock, valued at approximately $2,445,924.39. This represents a 2.20% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Jacki Sue Kelley purchased 814 shares of the business’s stock in a transaction on Tuesday, September 9th. The stock was bought at an average cost of $56.50 per share, for a total transaction 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 position. The disclosure for this purchase is available in the SEC filing. Insiders have acquired a total of 6,008 shares of company stock valued at $332,305 over the last 90 days. 4.43% of the stock is owned by company insiders.

Freshpet Trading Down 2.7%

Shares of NASDAQ FRPT opened at $49.21 on Friday. The company’s fifty day moving average is $53.12 and its 200-day moving average is $66.34. The stock has a market cap of $2.40 billion, a price-to-earnings ratio of 73.45, a P/E/G ratio of 1.10 and a beta of 1.74. Freshpet, Inc. has a twelve month low of $46.76 and a twelve 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.

Freshpet (NASDAQ:FRPT) last released its quarterly earnings data on Monday, August 4th. The company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.21. The business had revenue of $264.69 million during the quarter, compared to analysts’ expectations of $269.75 million. Freshpet had a net margin of 3.23% and a return on equity of 4.82%. The firm’s quarterly revenue was up 12.5% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.03) EPS. Freshpet has set its FY 2025 guidance at EPS. Equities research analysts predict that Freshpet, Inc. will post 1.55 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on FRPT shares. JPMorgan Chase & Co. reduced their target price on shares of Freshpet from $70.00 to $62.00 and set a “neutral” rating on the stock in a research note on Thursday, October 23rd. Wall Street Zen raised shares of Freshpet from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Zacks Research lowered shares of Freshpet from a “strong-buy” rating to a “strong sell” rating in a report on Monday, October 20th. Robert W. Baird dropped their target price on shares of Freshpet from $100.00 to $75.00 and set an “outperform” rating for the company in a research report on Friday. Finally, DA Davidson set a $101.00 price target on Freshpet in a research note on Thursday, August 7th. Eight equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $98.47.

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.