Yousif Capital Management LLC Makes New $1.51 Million Investment in Freshpet, Inc. (NASDAQ:FRPT)

Yousif Capital Management LLC acquired a new position in shares of Freshpet, Inc. (NASDAQ:FRPT) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 18,155 shares of the company’s stock, valued at approximately $1,510,000.

Other hedge funds have also recently bought and sold shares of the company. Elequin Capital LP acquired a new stake in Freshpet during the fourth quarter worth approximately $29,000. Jones Financial Companies Lllp raised its position in shares of Freshpet by 130.9% in the fourth quarter. Jones Financial Companies Lllp now owns 217 shares of the company’s stock valued at $32,000 after buying an additional 123 shares in the last quarter. IFP Advisors Inc acquired a new stake in shares of Freshpet in the fourth quarter valued at approximately $43,000. SBI Securities Co. Ltd. acquired a new stake in shares of Freshpet in the fourth quarter valued at approximately $43,000. Finally, Morse Asset Management Inc acquired a new stake in shares of Freshpet in the fourth quarter valued at approximately $70,000.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Oppenheimer downgraded shares of Freshpet from an “outperform” rating to a “market perform” rating in a research report on Tuesday, March 11th. Jefferies Financial Group upgraded shares of Freshpet from a “hold” rating to a “buy” rating and dropped their price target for the company from $155.00 to $150.00 in a research report on Monday, February 24th. JPMorgan Chase & Co. dropped their price target on shares of Freshpet from $91.00 to $85.00 and set a “neutral” rating for the company in a research report on Tuesday, May 6th. Robert W. Baird dropped their price target on shares of Freshpet from $125.00 to $115.00 and set an “outperform” rating for the company in a research report on Tuesday, May 6th. Finally, Wells Fargo & Company dropped their price target on shares of Freshpet from $110.00 to $100.00 and set an “overweight” rating for the company in a research report on Tuesday, May 6th. Two research 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 MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $122.00.

Freshpet Stock Performance

NASDAQ FRPT opened at $72.45 on Tuesday. The firm’s fifty day moving average price is $79.37 and its two-hundred day moving average price is $109.82. The stock has a market cap of $3.53 billion, a PE ratio of 77.07 and a beta of 1.86. Freshpet, Inc. has a fifty-two week low of $70.89 and a fifty-two week high of $164.07. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.91 and a current ratio of 4.72.

Freshpet (NASDAQ:FRPT) last posted 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). The company had revenue of $263.25 million for the quarter, compared to the consensus estimate of $265.57 million. Freshpet had a return on equity of 3.92% and a net margin of 4.81%. The business’s quarterly 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 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.