Lecap Asset Management Ltd. Grows Stock Position in Freshpet, Inc. (NASDAQ:FRPT)

Lecap Asset Management Ltd. increased its position in shares of Freshpet, Inc. (NASDAQ:FRPT - Free Report) by 218.4% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 17,558 shares of the company's stock after acquiring an additional 12,044 shares during the period. Lecap Asset Management Ltd.'s holdings in Freshpet were worth $1,460,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of FRPT. Elequin Capital LP bought a new stake in shares of Freshpet in the fourth quarter worth $29,000. Jones Financial Companies Lllp lifted its holdings in Freshpet by 130.9% during the 4th quarter. Jones Financial Companies Lllp now owns 217 shares of the company's stock worth $32,000 after buying an additional 123 shares during the period. IFP Advisors Inc bought a new stake in shares of Freshpet in the 4th quarter valued at about $43,000. SBI Securities Co. Ltd. acquired a new stake in shares of Freshpet in the fourth quarter valued at about $43,000. Finally, Morse Asset Management Inc acquired a new stake in shares of Freshpet in the fourth quarter valued at about $70,000.

Analysts Set New Price Targets

Several research firms have recently weighed in on FRPT. Oppenheimer cut shares of Freshpet from an "outperform" rating to a "market perform" rating in a research report on Tuesday, March 11th. Benchmark decreased their price target on Freshpet from $140.00 to $120.00 and set a "buy" rating for the company in a report on Tuesday, May 6th. UBS Group began coverage on Freshpet in a research report on Monday, June 16th. They issued a "sell" rating and a $65.00 price objective for the company. Piper Sandler cut their target price on Freshpet from $160.00 to $145.00 and set an "overweight" rating on the stock in a research report on Tuesday, March 25th. Finally, Stifel Nicolaus set a $90.00 target price on Freshpet and gave the stock a "buy" rating in a report on Thursday, June 12th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $122.00.

Freshpet Stock Performance

NASDAQ FRPT traded up $0.13 on Friday, reaching $68.39. 1,846,765 shares of the stock were exchanged, compared to its average volume of 930,193. The company's 50-day simple moving average is $77.80 and its two-hundred day simple moving average is $105.31. The company has a current ratio of 4.91, a quick ratio of 3.92 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $3.34 billion, a PE ratio of 220.61, a PEG ratio of 1.14 and a beta of 1.86. Freshpet, Inc. has a one year low of $67.01 and a one year high of $164.07.

Freshpet (NASDAQ:FRPT - Get Free Report) last issued its earnings results on Monday, May 5th. The company reported $0.09 earnings per share for the quarter, missing analysts' consensus estimates of $0.13 by ($0.04). Freshpet had a return on equity of 3.16% and a net margin of 1.54%. The company had revenue of $263.25 million for the quarter, compared to the consensus estimate of $265.57 million. During the same quarter in the prior year, the company posted $0.37 EPS. Freshpet's revenue was up 17.6% compared to the same quarter last year. Analysts expect that Freshpet, Inc. will post 1.55 EPS for the current fiscal year.

Freshpet Company 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.