4 Rumors Lighting Up Wall Street Today

Armistice Capital Shows New 5.5% Stake in Freshpet (FRPT)

In a 13G filing on Freshpet (NASDAQ: FRPT), hedge fund Armistice Capital disclosed a 5.5%, or 2,650,000 share, stake in the company.

For more notable holders of Freshpet stock click here.

Citi Reiterates $7 PT on Cano Health (CANO), Says Takeout Could Be Worth $14 on Roughly 2x Revenue

Citi analyst Jason Cassorla reiterated a Buy rating and $7.00 price target on Cano Health (NYSE: CANO).

The analyst comments "Another Takeout Headline Not Surprising: Multiple headlines over the past ~six months have suggested CANO could potentially be acquired. To this end, CANO traded at ~1.0x our 2023E revenue at an unaffected price of $6.31 (September 21st close), which compares to its SPAC merger multiple at ~3x forward revenue, and other recent deals in the space including AMZNs... More

Freshpet (FRPT) a Very Attractive Takeover Target, May Be Worth 'North of $80/Sh'

Freshpet (NASDAQ: FRPT) is adding to Thursday's gains following news that activist investor JANA Partners has taken a 10% stake and is seen pushing for operational improvements and the sale of the company. After jumping 16% Thursday, shares are up another 2% on Friday.

Several Wall Street analysts have weighed in on the news and see the company as an attractive takeover target.

Oppenheimer's Rupesh Parikh believes the company would be an attractive... More

JANA Partners Confirms 9.6% Stake in Freshpet (FRPT) - 13D

In a 13D filing on Freshpet (NASDAQ: FRPT), hedge fund JANA Partners disclosed a 9.6%, or 4,568,787 share, stake in the company. The firm did not hold shares at the end of the latest quarter ending June 30, 2022.

From the filing:

The Reporting Persons acquired the Shares because they believe the Shares are undervalued and represent an attractive investment opportunity. JANA, with the assistance of... More