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

Oppenheimer Asset Management Inc. boosted its holdings in Freshpet, Inc. (NASDAQ:FRPT) by 91.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 92,381 shares of the company’s stock after buying an additional 44,002 shares during the period. Oppenheimer Asset Management Inc. owned 0.19% of Freshpet worth $6,278,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in FRPT. Bessemer Group Inc. raised its holdings 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 purchasing an additional 2,451 shares during the period. KBC Group NV raised its holdings 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 purchasing an additional 307 shares during the period. Amalgamated Bank raised its holdings 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 purchasing an additional 12,131 shares during the period. New York State Teachers Retirement System purchased a new position in shares of Freshpet in the 1st quarter worth about $1,472,000. Finally, Teacher Retirement System of Texas purchased a new position in shares of Freshpet in the 1st quarter worth about $561,000.

Freshpet Stock Performance

Shares of NASDAQ:FRPT opened at $55.82 on Tuesday. The company has a market cap of $2.72 billion, a P/E ratio of 83.31, a PEG ratio of 1.21 and a beta of 1.74. The company has a debt-to-equity ratio of 0.40, a quick ratio of 3.75 and a current ratio of 4.81. Freshpet, Inc. has a one year low of $46.76 and a one year high of $164.07. The business’s 50-day simple moving average is $53.92 and its 200 day simple moving average is $67.13.

Freshpet (NASDAQ:FRPT) last posted its quarterly earnings data on Monday, August 4th. The company reported $0.33 earnings per share (EPS) for the quarter, topping 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 company had revenue of $264.69 million for the quarter, compared to the consensus estimate of $269.75 million. During the same period in the previous year, the business earned ($0.03) EPS. Freshpet’s revenue for the quarter was up 12.5% compared to the same quarter last year. Freshpet has set its FY 2025 guidance at EPS. On average, sell-side analysts forecast that Freshpet, Inc. will post 1.55 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Freshpet news, Director Timothy R. Mclevish acquired 3,500 shares of the company’s stock in a transaction on Wednesday, September 10th. The shares were bought at an average cost of $56.00 per share, for a total transaction of $196,000.00. Following the acquisition, the director directly owned 35,290 shares of the company’s stock, valued at $1,976,240. This trade represents a 11.01% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jacki Sue Kelley acquired 814 shares of the company’s stock in a transaction on Tuesday, September 9th. The shares were acquired at an average price of $56.50 per share, for a total transaction of $45,991.00. Following the completion of the acquisition, the director directly owned 11,907 shares in the company, valued at $672,745.50. The trade was a 7.34% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 6,008 shares of company stock worth $332,305 in the last three months. 4.43% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

FRPT has been the topic of a number of research reports. Benchmark restated a “buy” rating and issued a $95.00 price objective (down from $120.00) on shares of Freshpet in a report on Tuesday, August 5th. Bank of America restated a “neutral” rating and issued a $60.00 price objective (down from $81.00) on shares of Freshpet in a report on Wednesday, October 8th. JPMorgan Chase & Co. dropped their target price on Freshpet from $70.00 to $62.00 and set a “neutral” rating on the stock in a report on Thursday, October 23rd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Freshpet in a report on Wednesday, October 8th. Finally, Wells Fargo & Company dropped their target price on Freshpet from $88.00 to $65.00 and set an “overweight” rating on the stock in a report on Thursday, September 25th. Eight investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $101.13.

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.