
Freshpet, Inc. $FRPT Position Increased by Jump Financial LLC

Jump Financial LLC increased its stake in Freshpet, Inc. (NASDAQ:FRPT) by 688.5% in Q1, owning 96,542 shares valued at $8,029,000. Other investors also adjusted their positions, with notable increases from CANADA LIFE ASSURANCE Co and Stifel Financial Corp. Analysts have mixed ratings on Freshpet, with a consensus rating of "Moderate Buy" and a target price of $109.29. Freshpet reported Q2 earnings of $0.33 EPS, exceeding estimates, with revenue of $264.69 million, a 12.5% increase year-over-year. The stock opened at $62.62, with a market cap of $3.05 billion.
Jump Financial LLC boosted its holdings in Freshpet, Inc. (NASDAQ:FRPT - Free Report) by 688.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 96,542 shares of the company's stock after acquiring an additional 84,299 shares during the quarter. Jump Financial LLC owned 0.20% of Freshpet worth $8,029,000 at the end of the most recent quarter.
- Freshpet's Impressive Q2 Sparks Optimism Despite Market Fears
Several other large investors have also recently added to or reduced their stakes in FRPT. CANADA LIFE ASSURANCE Co increased its position in shares of Freshpet by 3.0% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 12,662 shares of the company's stock valued at $1,874,000 after purchasing an additional 364 shares during the period. MML Investors Services LLC acquired a new position in shares of Freshpet during the 4th quarter valued at $2,299,000. Tower Research Capital LLC TRC increased its position in shares of Freshpet by 86.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,926 shares of the company's stock valued at $433,000 after purchasing an additional 1,357 shares during the period. Stifel Financial Corp increased its position in shares of Freshpet by 98.5% during the 4th quarter. Stifel Financial Corp now owns 50,152 shares of the company's stock valued at $7,428,000 after purchasing an additional 24,888 shares during the period. Finally, Hsbc Holdings PLC increased its position in shares of Freshpet by 16.2% during the 4th quarter. Hsbc Holdings PLC now owns 26,267 shares of the company's stock valued at $3,902,000 after purchasing an additional 3,666 shares during the period.
Wall Street Analyst Weigh In
Several analysts have recently commented on FRPT shares. Wells Fargo & Company decreased their target price on Freshpet from $100.00 to $88.00 and set an "overweight" rating for the company in a research report on Wednesday, July 9th. Stifel Nicolaus set a $90.00 target price on Freshpet and gave the stock a "buy" rating in a research report on Thursday, June 12th. Truist Financial decreased their target price on Freshpet from $80.00 to $70.00 and set a "hold" rating for the company in a research report on Tuesday, August 5th. JPMorgan Chase & Co. started coverage on Freshpet in a research report on Wednesday, August 20th. They issued a "neutral" rating and a $70.00 target price for the company. Finally, UBS Group started coverage on Freshpet in a research report on Monday, June 16th. They issued a "sell" rating and a $65.00 target price for the company. Eight analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $109.29.
- Freshpet Surges 10%: Fresh Highs to Come for This Pet Stock
Check Out Our Latest Stock Report on FRPT
Freshpet Trading Up 3.6%
Freshpet stock opened at $62.62 on Monday. 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 business's 50-day simple moving average is $68.40 and its 200-day simple moving average is $81.55. The firm has a market capitalization of $3.05 billion, a PE ratio of 93.46, a PEG ratio of 1.11 and a beta of 1.77. Freshpet, Inc. has a 52 week low of $59.23 and a 52 week high of $164.07.
- Here’s The One Pet Stock That’s Not in the Doghouse
Freshpet (NASDAQ:FRPT - Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.21. Freshpet had a return on equity of 4.82% and a net margin of 3.23%.The firm 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 company posted ($0.03) earnings per share. The company's quarterly revenue was up 12.5% compared to the same quarter last year. Freshpet has set its FY 2025 guidance at EPS. Equities research analysts forecast that Freshpet, Inc. will post 1.55 earnings per share for the current year.
About Freshpet
(Free Report)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.
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