Scott James Morris Sells 5,000 Shares of Freshpet, Inc. (NASDAQ:FRPT) Stock

Freshpet, Inc. (NASDAQ:FRPT) President Scott James Morris sold 5,000 shares of the firm’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $158.13, for a total value of $790,650.00. Following the transaction, the president now owns 122,380 shares of the company’s stock, valued at approximately $19,351,949.40. This represents a 3.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Freshpet Stock Down 1.7 %

FRPT opened at $153.24 on Thursday. Freshpet, Inc. has a 52 week low of $68.22 and a 52 week high of $160.91. The business has a 50 day moving average price of $143.27 and a two-hundred day moving average price of $134.22. The company has a quick ratio of 3.91, a current ratio of 4.72 and a debt-to-equity ratio of 0.41. The company has a market cap of $7.44 billion, a PE ratio of 172.18 and a beta of 1.39.

Freshpet (NASDAQ:FRPT) last released its quarterly earnings results on Monday, November 4th. The company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.14 by $0.10. Freshpet had a return on equity of 3.67% and a net margin of 4.75%. The business had revenue of $253.40 million during the quarter, compared to analysts’ expectations of $248.36 million. During the same quarter in the prior year, the business earned ($0.15) earnings per share. The company’s quarterly revenue was up 26.3% compared to the same quarter last year. As a group, research analysts anticipate that Freshpet, Inc. will post 0.87 EPS for the current year.

Institutional Trading of Freshpet

Hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC acquired a new stake in Freshpet in the second quarter valued at about $3,964,000. Geneva Capital Management LLC grew its holdings in Freshpet by 166.2% during the third quarter. Geneva Capital Management LLC now owns 84,221 shares of the company’s stock worth $11,519,000 after acquiring an additional 52,584 shares during the period. Great Lakes Advisors LLC acquired a new position in Freshpet during the second quarter worth $4,299,000. Transcendent Capital Group LLC purchased a new position in Freshpet in the third quarter worth $1,465,000. Finally, M&G Plc acquired a new stake in Freshpet in the second quarter valued at $8,892,000.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on FRPT shares. Truist Financial raised their target price on Freshpet from $160.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. Stifel Nicolaus increased their price target on Freshpet from $155.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Oppenheimer lifted their price objective on Freshpet from $155.00 to $180.00 and gave the company an “outperform” rating in a research note on Thursday, November 14th. Robert W. Baird upped their target price on shares of Freshpet from $157.00 to $170.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 5th. Finally, TD Cowen lifted their price target on shares of Freshpet from $160.00 to $174.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $157.80.

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.