88,389 Shares in Freshpet, Inc. (NASDAQ:FRPT) Bought by SG Americas Securities LLC

SG Americas Securities LLC bought a new stake in Freshpet, Inc. (NASDAQ:FRPT - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 88,389 shares of the company's stock, valued at approximately $7,351,000. SG Americas Securities LLC owned about 0.18% of Freshpet at the end of the most recent reporting period.

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

Freshpet Stock Down 4.5%

Freshpet stock traded down $3.53 during mid-day trading on Friday, hitting $74.27. The company had a trading volume of 1,542,707 shares, compared to its average volume of 895,664. The stock has a market cap of $3.62 billion, a price-to-earnings ratio of 79.01 and a beta of 1.86. Freshpet, Inc. has a 1 year low of $71.19 and a 1 year high of $164.07. The company has a quick ratio of 3.91, a current ratio of 4.72 and a debt-to-equity ratio of 0.41. The business has a fifty day moving average of $79.40 and a 200 day moving average of $110.39.

Freshpet (NASDAQ:FRPT - Get Free Report) last announced its earnings results on Monday, May 5th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.13 by ($0.04). The business had revenue of $263.25 million for the quarter, compared to analysts' expectations of $265.57 million. Freshpet had a return on equity of 3.92% and a net margin of 4.81%. The business's revenue was up 17.6% on a year-over-year basis. During the same quarter last year, the business posted $0.37 earnings per share. On average, sell-side analysts expect that Freshpet, Inc. will post 1.55 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently issued reports on FRPT shares. TD Cowen cut shares of Freshpet from a "buy" rating to a "hold" rating and set a $96.00 price target on the stock. in a research report on Wednesday, May 28th. Stifel Nicolaus began coverage on shares of Freshpet in a research report on Thursday. They set a "buy" rating and a $90.00 price target on the stock. Jefferies Financial Group upgraded shares of Freshpet from a "hold" rating to a "buy" rating and cut their target price for the stock from $155.00 to $150.00 in a research note on Monday, February 24th. Robert W. Baird cut their target price on shares of Freshpet from $125.00 to $115.00 and set an "outperform" rating on the stock in a research note on Tuesday, May 6th. Finally, JPMorgan Chase & Co. cut their target price on shares of Freshpet from $91.00 to $85.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 6th. One analyst has rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $126.07.

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.