55,587 Shares in Freshpet, Inc. $FRPT Purchased by Divisadero Street Capital Management LP

Divisadero Street Capital Management LP purchased a new position in shares of Freshpet, Inc. (NASDAQ:FRPT) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 55,587 shares of the company’s stock, valued at approximately $3,063,000.

Other institutional investors have also made changes to their positions in the company. Royal Bank of Canada boosted its stake in Freshpet by 86.3% during the 1st quarter. Royal Bank of Canada now owns 67,623 shares of the company’s stock worth $5,624,000 after acquiring an additional 31,334 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in Freshpet by 734.1% during the first quarter. Jones Financial Companies Lllp now owns 1,810 shares of the company’s stock worth $151,000 after acquiring an additional 1,593 shares in the last quarter. United Services Automobile Association acquired a new position in Freshpet in the first quarter valued at about $247,000. Mitsubishi UFJ Trust & Banking Corp increased its holdings in shares of Freshpet by 5.9% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 95,709 shares of the company’s stock worth $6,504,000 after acquiring an additional 5,366 shares in the last quarter. Finally, Police & Firemen s Retirement System of New Jersey raised its holdings in Freshpet by 5.7% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 17,867 shares of the company’s stock worth $1,214,000 after buying an additional 958 shares during the period.

Freshpet Stock Down 1.8%

FRPT opened at $76.60 on Monday. Freshpet, Inc. has a 1-year low of $46.76 and a 1-year high of $91.25. The stock’s fifty day simple moving average is $72.17 and its 200 day simple moving average is $61.67. The company has a current ratio of 5.54, a quick ratio of 4.57 and a debt-to-equity ratio of 0.35. The stock has a market cap of $3.76 billion, a PE ratio of 29.81, a price-to-earnings-growth ratio of 2.34 and a beta of 1.66.

Freshpet (NASDAQ:FRPT) last posted its earnings results on Monday, February 23rd. The company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.43 by $0.21. Freshpet had a return on equity of 6.93% and a net margin of 12.63%.The company had revenue of $285.23 million for the quarter, compared to the consensus estimate of $285.66 million. During the same quarter in the prior year, the business earned $0.36 earnings per share. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. As a group, research analysts expect that Freshpet, Inc. will post 1.55 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on FRPT. DA Davidson set a $98.00 price objective on shares of Freshpet in a report on Wednesday, February 25th. Stifel Nicolaus upped their price objective on Freshpet from $65.00 to $84.00 and gave the stock a “buy” rating in a research report on Tuesday, February 24th. Bank of America raised their price target on shares of Freshpet from $60.00 to $67.00 and gave the stock a “neutral” rating in a research note on Friday, December 19th. Zacks Research raised shares of Freshpet from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 18th. Finally, TD Cowen set a $60.00 target price on shares of Freshpet in a report on Tuesday, February 24th. Eight research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $76.47.

Freshpet Profile

Freshpet Inc (NASDAQ: FRPT) is a leading pet food company specializing in fresh, refrigerated meals and treats for dogs and cats. The company’s products are formulated with carefully selected, natural ingredients and are designed to offer a higher level of nutrition and freshness than traditional dry or canned pet foods. Freshpet’s offerings include refrigerated rolls, pâtés and snacks, all of which are sold through the refrigerated section of grocery, mass-market and pet specialty stores.

Freshpet’s product portfolio is built around the concept of fresh, minimally processed recipes that do not require preservatives or artificial colors.