Freshpet, Inc. (NASDAQ:FRPT) VP Stephen Macchiaverna sold 4,946 shares of the business’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $17.34, for a total transaction of $85,763.64. Following the completion of the sale, the vice president now directly owns 77,884 shares of the company’s stock, valued at approximately $1,350,508.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Stephen Macchiaverna also recently made the following trade(s):
- On Friday, September 15th, Stephen Macchiaverna sold 6,000 shares of Freshpet stock. The shares were sold at an average price of $15.81, for a total transaction of $94,860.00.
Freshpet, Inc. (NASDAQ:FRPT) traded down $0.28 during mid-day trading on Tuesday, reaching $17.12. The company had a trading volume of 273,500 shares, compared to its average volume of 198,169. Freshpet, Inc. has a fifty-two week low of $8.60 and a fifty-two week high of $18.25.
Freshpet (NASDAQ:FRPT) last posted its quarterly earnings results on Monday, November 6th. The company reported ($0.01) EPS for the quarter, meeting the Zacks’ consensus estimate of ($0.01). The business had revenue of $41.20 million during the quarter, compared to the consensus estimate of $41.19 million. Freshpet had a negative return on equity of 4.19% and a negative net margin of 3.04%. Freshpet’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.02 earnings per share. equities analysts expect that Freshpet, Inc. will post -0.11 EPS for the current year.
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A number of brokerages have recently issued reports on FRPT. Zacks Investment Research cut shares of Freshpet from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. SunTrust Banks, Inc. boosted their target price on shares of Freshpet from $15.00 to $20.00 and gave the company a “buy” rating in a research report on Tuesday, August 8th. Imperial Capital began coverage on shares of Freshpet in a research report on Thursday, July 20th. They issued an “in-line” rating and a $16.50 target price for the company. They noted that the move was a valuation call. Stifel Nicolaus reissued a “buy” rating and issued a $20.00 target price (up previously from $14.00) on shares of Freshpet in a research report on Thursday, July 20th. Finally, BidaskClub cut shares of Freshpet from a “hold” rating to a “sell” rating in a research report on Saturday, August 12th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $18.36.
A number of hedge funds have recently bought and sold shares of FRPT. Gilder Gagnon Howe & Co. LLC raised its stake in Freshpet by 117.1% in the third quarter. Gilder Gagnon Howe & Co. LLC now owns 1,682,510 shares of the company’s stock valued at $26,331,000 after purchasing an additional 907,644 shares in the last quarter. Lord Abbett & CO. LLC acquired a new position in Freshpet during the second quarter worth about $7,470,000. Emerald Mutual Fund Advisers Trust raised its stake in Freshpet by 60.4% during the third quarter. Emerald Mutual Fund Advisers Trust now owns 676,608 shares of the company’s stock worth $10,589,000 after acquiring an additional 254,789 shares in the last quarter. Summit Partners Public Asset Management LLC acquired a new position in Freshpet during the second quarter worth about $4,150,000. Finally, Alliancebernstein L.P. raised its stake in Freshpet by 10.2% during the second quarter. Alliancebernstein L.P. now owns 2,537,586 shares of the company’s stock worth $42,124,000 after acquiring an additional 233,847 shares in the last quarter. 68.29% of the stock is owned by institutional investors and hedge funds.
Freshpet, Inc is a manufacturer of fresh, refrigerated pet food distributed across North America. The Company operates in the segment of manufacturing, marketing and distribution of pet food and pet treats for dogs and cats. The Company’s products consist of dog food, cat food, and dog and cat treats.
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