Yousif Capital Management LLC Acquires New Holdings in Freshpet, Inc. (NASDAQ:FRPT)

Yousif Capital Management LLC bought a new stake in Freshpet, Inc. (NASDAQ:FRPT - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 18,155 shares of the company's stock, valued at approximately $1,510,000.

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

Freshpet Stock Performance

FRPT stock traded up $2.23 during mid-day trading on Friday, hitting $73.95. 609,339 shares of the company were exchanged, compared to its average volume of 901,086. Freshpet, Inc. has a 1-year low of $70.65 and a 1-year high of $164.07. The stock has a market capitalization of $3.61 billion, a PE ratio of 238.31, a price-to-earnings-growth ratio of 1.20 and a beta of 1.86. The business has a 50 day simple moving average of $78.80 and a 200-day simple moving average of $108.73. The company has a current ratio of 4.91, a quick ratio of 3.92 and a debt-to-equity ratio of 0.41.

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 during the quarter, compared to the consensus estimate of $265.57 million. Freshpet had a net margin of 1.54% and a return on equity of 3.16%. The company's revenue was up 17.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.37 EPS. On average, equities analysts forecast that Freshpet, Inc. will post 1.55 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Stifel Nicolaus set a $90.00 price target on Freshpet and gave the stock a "buy" rating in a research report on Thursday, June 12th. TD Cowen lowered Freshpet from a "buy" rating to a "hold" rating and set a $96.00 target price for the company. in a research report on Wednesday, May 28th. Benchmark lowered their price target on Freshpet from $140.00 to $120.00 and set a "buy" rating for the company in a research note on Tuesday, May 6th. UBS Group began coverage on shares of Freshpet in a research note on Monday. They issued a "sell" rating and a $65.00 target price for the company. Finally, JPMorgan Chase & Co. reduced their price target on shares of Freshpet from $91.00 to $85.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 6th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $122.00.

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.