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

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

Freshpet Stock Performance

Shares of NASDAQ:FRPT opened at $153.05 on Friday. The company has a current ratio of 4.72, a quick ratio of 3.91 and a debt-to-equity ratio of 0.41. The company has a 50-day moving average price of $143.76 and a 200-day moving average price of $134.49. The company has a market cap of $7.43 billion, a price-to-earnings ratio of 171.97 and a beta of 1.39. Freshpet, Inc. has a 12 month low of $69.37 and a 12 month high of $160.91.

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

Institutional Trading of Freshpet

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC increased its position in Freshpet by 41.1% during the 2nd quarter. GAMMA Investing LLC now owns 371 shares of the company’s stock valued at $48,000 after purchasing an additional 108 shares during the period. GLOBALT Investments LLC GA increased its position in shares of Freshpet by 3.2% during the third quarter. GLOBALT Investments LLC GA now owns 3,580 shares of the company’s stock valued at $490,000 after buying an additional 111 shares during the period. First Horizon Advisors Inc. raised its stake in Freshpet by 23.0% in the third quarter. First Horizon Advisors Inc. now owns 739 shares of the company’s stock worth $101,000 after buying an additional 138 shares in the last quarter. Parkside Financial Bank & Trust lifted its holdings in Freshpet by 13.9% in the second quarter. Parkside Financial Bank & Trust now owns 1,305 shares of the company’s stock worth $169,000 after buying an additional 159 shares during the period. Finally, Amalgamated Bank boosted its position in Freshpet by 6.7% during the 2nd quarter. Amalgamated Bank now owns 2,740 shares of the company’s stock valued at $355,000 after acquiring an additional 171 shares in the last quarter.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on FRPT shares. StockNews.com cut shares of Freshpet from a “hold” rating to a “sell” rating in a research report on Wednesday, November 20th. TD Cowen raised their price target on Freshpet from $160.00 to $174.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft upped their price objective on Freshpet from $161.00 to $163.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Stifel Nicolaus raised their price objective on Freshpet from $155.00 to $165.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Finally, DA Davidson upped their target price on Freshpet from $183.00 to $189.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. One analyst has rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Freshpet has an average rating of “Moderate Buy” and a consensus price target of $157.80.

About Freshpet

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.