Freshpet, Inc. (NASDAQ:FRPT) Shares Bought by Lecap Asset Management Ltd.

Lecap Asset Management Ltd. raised its position in shares of Freshpet, Inc. (NASDAQ:FRPT) by 218.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,558 shares of the company’s stock after purchasing an additional 12,044 shares during the quarter. Lecap Asset Management Ltd.’s holdings in Freshpet were worth $1,460,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in FRPT. Elequin Capital LP acquired a new stake in Freshpet during the 4th quarter valued at $29,000. Jones Financial Companies Lllp raised its stake in Freshpet by 130.9% during the 4th quarter. Jones Financial Companies Lllp now owns 217 shares of the company’s stock valued at $32,000 after purchasing an additional 123 shares during the period. IFP Advisors Inc acquired a new stake in Freshpet during the 4th quarter valued at $43,000. SBI Securities Co. Ltd. acquired a new stake in Freshpet during the 4th quarter valued at $43,000. Finally, Morse Asset Management Inc acquired a new stake in Freshpet during the 4th quarter valued at $70,000.

Freshpet Stock Down 6.0%

FRPT stock opened at $67.88 on Thursday. The company has a debt-to-equity ratio of 0.41, a current ratio of 4.91 and a quick ratio of 3.92. Freshpet, Inc. has a 52-week low of $67.73 and a 52-week high of $164.07. The company has a 50-day moving average of $78.17 and a two-hundred day moving average of $106.41. The stock has a market capitalization of $3.31 billion, a price-to-earnings ratio of 218.97, a price-to-earnings-growth ratio of 1.21 and a beta of 1.86.

Freshpet (NASDAQ:FRPT) last released its quarterly 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). Freshpet had a net margin of 1.54% and a return on equity of 3.16%. The firm had revenue of $263.25 million for the quarter, compared to the consensus estimate of $265.57 million. During the same quarter last year, the company earned $0.37 earnings per share. The firm’s revenue was up 17.6% on a year-over-year basis. As a group, equities research analysts anticipate that Freshpet, Inc. will post 1.55 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on FRPT shares. Wells Fargo & Company cut their target price on shares of Freshpet from $110.00 to $100.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 6th. 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. Stifel Nicolaus set a $90.00 target price on shares of Freshpet and gave the company a “buy” rating in a research note on Thursday, June 12th. UBS Group began coverage on shares of Freshpet in a research note on Monday, June 16th. They issued a “sell” rating and a $65.00 price target on the stock. Finally, TD Cowen downgraded shares of Freshpet from a “buy” rating to a “hold” rating and set a $96.00 price target on the stock. in a research note on Wednesday, May 28th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus 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.