Yousif Capital Management LLC Takes Position in Freshpet, Inc. (NASDAQ:FRPT)

Yousif Capital Management LLC acquired a new position in shares of Freshpet, Inc. (NASDAQ:FRPT - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 18,155 shares of the company's stock, valued at approximately $1,510,000.

A number of other hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in Freshpet by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 4,652,556 shares of the company's stock valued at $689,090,000 after purchasing an additional 46,844 shares in the last quarter. Geode Capital Management LLC grew its stake in Freshpet by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 844,744 shares of the company's stock valued at $127,446,000 after purchasing an additional 9,081 shares in the last quarter. Driehaus Capital Management LLC grew its stake in Freshpet by 5.1% in the fourth quarter. Driehaus Capital Management LLC now owns 810,646 shares of the company's stock valued at $120,065,000 after purchasing an additional 39,129 shares in the last quarter. Norges Bank bought a new position in Freshpet in the fourth quarter valued at approximately $75,253,000. Finally, Northern Trust Corp grew its stake in Freshpet by 14.7% in the fourth quarter. Northern Trust Corp now owns 408,633 shares of the company's stock valued at $60,523,000 after purchasing an additional 52,284 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on FRPT. TD Cowen cut Freshpet from a "buy" rating to a "hold" rating and set a $96.00 price objective for the company. in a research report on Wednesday, May 28th. Truist Financial cut Freshpet from a "buy" rating to a "hold" rating and cut their price objective for the company from $90.00 to $80.00 in a research report on Wednesday, April 30th. Oppenheimer cut Freshpet from an "outperform" rating to a "market perform" rating in a research report on Tuesday, March 11th. JPMorgan Chase & Co. cut their price objective on Freshpet from $91.00 to $85.00 and set a "neutral" rating for the company in a research report on Tuesday, May 6th. Finally, Wells Fargo & Company cut their price objective on Freshpet from $110.00 to $100.00 and set an "overweight" rating for the company in a research report on Tuesday, May 6th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $122.00.

Freshpet Price Performance

Shares of Freshpet stock traded down $0.20 on Wednesday, reaching $71.72. 1,245,741 shares of the stock were exchanged, compared to its average volume of 902,126. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.92 and a current ratio of 4.91. The firm has a market cap of $3.50 billion, a PE ratio of 108.97, a P/E/G ratio of 1.20 and a beta of 1.86. The firm's 50 day moving average is $79.15 and its 200-day moving average is $109.56. Freshpet, Inc. has a one year low of $70.64 and a one year high of $164.07.

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

About Freshpet

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.