Freshpet, Inc. (NASDAQ:FRPT) Insider Thembeka Machaba Sells 2,500 Shares

Freshpet, Inc. (NASDAQ:FRPT) insider Thembeka Machaba sold 2,500 shares of Freshpet stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $153.85, for a total value of $384,625.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Freshpet Trading Down 0.9 %

Freshpet stock traded down $1.36 during trading hours on Tuesday, hitting $155.08. The stock had a trading volume of 357,915 shares, compared to its average volume of 585,985. The company has a quick ratio of 3.69, a current ratio of 4.72 and a debt-to-equity ratio of 0.41. Freshpet, Inc. has a one year low of $66.36 and a one year high of $159.12. The business’s 50 day simple moving average is $139.77 and its 200-day simple moving average is $131.05. The stock has a market cap of $7.53 billion, a price-to-earnings ratio of 175.78 and a beta of 1.39.

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

Hedge Funds Weigh In On Freshpet

Large investors have recently bought and sold shares of the business. ORG Wealth Partners LLC acquired a new position in shares of Freshpet during the 3rd quarter worth approximately $29,000. ORG Partners LLC purchased a new stake in shares of Freshpet in the second quarter valued at about $32,000. GAMMA Investing LLC grew its position in Freshpet by 41.1% during the second quarter. GAMMA Investing LLC now owns 371 shares of the company’s stock worth $48,000 after buying an additional 108 shares during the period. Benjamin F. Edwards & Company Inc. lifted its holdings in Freshpet by 3,670.0% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 377 shares of the company’s stock valued at $49,000 after purchasing an additional 367 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. purchased a new position in shares of Freshpet during the 2nd quarter worth about $52,000.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on FRPT shares. DA Davidson raised their price objective on Freshpet from $183.00 to $189.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Citigroup lifted their target price on Freshpet from $124.00 to $129.00 and gave the stock a “neutral” rating in a report on Wednesday, July 17th. Truist Financial lifted their target price on Freshpet from $160.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft boosted their price objective on Freshpet from $161.00 to $163.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Finally, Stifel Nicolaus boosted their price objective on Freshpet from $155.00 to $165.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $156.13.

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.