Freshpet, Inc. (NASDAQ:FRPT - Get Free Report) President Scott James Morris sold 5,142 shares of Freshpet stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $62.33, for a total value of $320,500.86. Following the completion of the sale, the president directly owned 30,858 shares in the company, valued at $1,923,379.14. This represents a 14.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Scott James Morris also recently made the following trade(s):
- On Thursday, November 6th, Scott James Morris sold 63,135 shares of Freshpet stock. The shares were sold at an average price of $55.21, for a total value of $3,485,683.35.
Freshpet Trading Up 2.3%
Shares of FRPT opened at $64.65 on Wednesday. Freshpet, Inc. has a 52-week low of $46.76 and a 52-week high of $164.07. The stock has a market cap of $3.16 billion, a PE ratio of 28.23, a price-to-earnings-growth ratio of 0.85 and a beta of 1.72. The firm's fifty day moving average is $54.69 and its two-hundred day moving average is $61.99. The company has a quick ratio of 4.61, a current ratio of 5.52 and a debt-to-equity ratio of 0.36.
Freshpet (NASDAQ:FRPT - Get Free Report) last issued its earnings results on Monday, November 3rd. The company reported $1.86 EPS for the quarter, beating analysts' consensus estimates of $0.43 by $1.43. The business had revenue of $288.85 million during the quarter, compared to analysts' expectations of $283.73 million. Freshpet had a net margin of 11.44% and a return on equity of 5.73%. The company's quarterly revenue was up 14.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.24 earnings per share. Research analysts forecast that Freshpet, Inc. will post 1.55 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Freshpet
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wasatch Advisors LP lifted its stake in shares of Freshpet by 41.0% in the 2nd quarter. Wasatch Advisors LP now owns 3,839,332 shares of the company's stock valued at $260,921,000 after purchasing an additional 1,116,217 shares during the last quarter. Capital World Investors raised its holdings in Freshpet by 151.8% in the 3rd quarter. Capital World Investors now owns 1,482,778 shares of the company's stock valued at $81,716,000 after buying an additional 893,949 shares during the period. Alberta Investment Management Corp acquired a new position in Freshpet in the third quarter valued at about $41,862,000. Champlain Investment Partners LLC lifted its position in Freshpet by 41.5% in the second quarter. Champlain Investment Partners LLC now owns 2,568,954 shares of the company's stock valued at $174,586,000 after buying an additional 753,070 shares during the last quarter. Finally, Armistice Capital LLC purchased a new position in Freshpet during the first quarter worth about $59,630,000.
Wall Street Analysts Forecast Growth
Several brokerages have recently weighed in on FRPT. Wells Fargo & Company lowered their target price on Freshpet from $88.00 to $65.00 and set an "overweight" rating on the stock in a report on Thursday, September 25th. Zacks Research upgraded Freshpet from a "strong sell" rating to a "hold" rating in a research report on Tuesday, November 18th. Jefferies Financial Group restated a "hold" rating and issued a $56.00 target price on shares of Freshpet in a report on Tuesday, November 4th. Bank of America reiterated a "neutral" rating and set a $60.00 price target (down previously from $81.00) on shares of Freshpet in a report on Wednesday, October 8th. Finally, Robert W. Baird lowered their price target on shares of Freshpet from $100.00 to $75.00 and set an "outperform" rating on the stock in a research report on Friday, October 31st. Six investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $84.43.
View Our Latest Research Report on Freshpet
About Freshpet
(
Get Free Report)
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.
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