Yousif Capital Management LLC Purchases 253 Shares of Freshpet, Inc. $FRPT

Yousif Capital Management LLC raised its position in shares of Freshpet, Inc. (NASDAQ:FRPT) by 1.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 18,408 shares of the company’s stock after acquiring an additional 253 shares during the quarter. Yousif Capital Management LLC’s holdings in Freshpet were worth $1,251,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of Freshpet by 12.3% during the first quarter. Vanguard Group Inc. now owns 5,223,695 shares of the company’s stock valued at $434,455,000 after purchasing an additional 571,139 shares during the last quarter. Wellington Management Group LLP raised its holdings in Freshpet by 8.1% in the 1st quarter. Wellington Management Group LLP now owns 2,616,205 shares of the company’s stock worth $217,590,000 after acquiring an additional 196,882 shares during the last quarter. Champlain Investment Partners LLC raised its holdings in Freshpet by 9.6% in the 1st quarter. Champlain Investment Partners LLC now owns 1,815,884 shares of the company’s stock worth $151,027,000 after acquiring an additional 158,416 shares during the last quarter. Riverbridge Partners LLC grew its position in Freshpet by 23.2% in the 2nd quarter. Riverbridge Partners LLC now owns 1,264,959 shares of the company’s stock worth $85,967,000 after purchasing an additional 238,130 shares during the period. Finally, Raymond James Financial Inc. grew its position in Freshpet by 3.3% in the 1st quarter. Raymond James Financial Inc. now owns 760,602 shares of the company’s stock worth $63,259,000 after purchasing an additional 24,131 shares during the period.

Freshpet Stock Performance

FRPT opened at $51.72 on Tuesday. The firm has a market capitalization of $2.52 billion, a PE ratio of 77.19, a PEG ratio of 1.15 and a beta of 1.74. Freshpet, Inc. has a twelve month low of $46.76 and a twelve month high of $164.07. The firm’s 50-day moving average price is $54.66 and its 200 day moving average price is $67.95. The company has a current ratio of 4.81, a quick ratio of 3.75 and a debt-to-equity ratio of 0.40.

Freshpet (NASDAQ:FRPT) last posted its quarterly earnings results on Monday, August 4th. The company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.21. The firm had revenue of $264.69 million for the quarter, compared to analyst estimates of $269.75 million. Freshpet had a net margin of 3.23% and a return on equity of 4.82%. Freshpet’s quarterly revenue was up 12.5% on a year-over-year basis. During the same period in the previous year, the business posted ($0.03) earnings per share. Freshpet has set its FY 2025 guidance at EPS. As a group, sell-side analysts expect that Freshpet, Inc. will post 1.55 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have commented on FRPT. Truist Financial decreased their price target on shares of Freshpet from $80.00 to $70.00 and set a “hold” rating on the stock in a research note on Tuesday, August 5th. JPMorgan Chase & Co. started coverage on shares of Freshpet in a research note on Wednesday, August 20th. They issued a “neutral” rating and a $70.00 target price for the company. DA Davidson set a $101.00 target price on shares of Freshpet in a report on Thursday, August 7th. Benchmark reissued a “buy” rating and set a $95.00 target price (down previously from $120.00) on shares of Freshpet in a report on Tuesday, August 5th. Finally, Wall Street Zen raised shares of Freshpet from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $103.33.

Insider Buying and Selling

In other Freshpet news, Director Timothy R. Mclevish purchased 3,500 shares of the stock in a transaction that occurred on Wednesday, September 10th. The shares were purchased at an average cost of $56.00 per share, for a total transaction of $196,000.00. Following the completion of the transaction, the director owned 35,290 shares of the company’s stock, valued at $1,976,240. The trade was a 11.01% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Jacki Sue Kelley bought 814 shares of the firm’s stock in a transaction on Tuesday, September 9th. The stock was purchased at an average price of $56.50 per share, for a total transaction of $45,991.00. Following the completion of the acquisition, the director directly owned 11,907 shares in the company, valued at $672,745.50. The trade was a 7.34% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 6,008 shares of company stock worth $332,305. 4.43% of the stock is owned by insiders.

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.