Freshpet Inc (NASDAQ:FRPT) CFO Richard A. Kassar sold 10,000 shares of the firm’s stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $18.93, for a total transaction of $189,300.00. Following the completion of the sale, the chief financial officer now owns 209,994 shares in the company, valued at $3,975,186.42. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Freshpet Inc (NASDAQ FRPT) traded up $0.15 during trading on Monday, hitting $19.20. 319,084 shares of the stock traded hands, compared to its average volume of 196,549. Freshpet Inc has a 12 month low of $9.25 and a 12 month high of $19.40.
Freshpet (NASDAQ:FRPT) last released its quarterly earnings results on Monday, November 6th. The company reported ($0.01) earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.01). The company had revenue of $41.20 million during the quarter, compared to analysts’ expectations of $41.19 million. Freshpet had a negative net margin of 3.04% and a negative return on equity of 4.19%. The business’s quarterly revenue was up 19.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.02 earnings per share. sell-side analysts expect that Freshpet Inc will post -0.11 EPS for the current fiscal year.
Several institutional investors have recently added to or reduced their stakes in the company. Alliancebernstein L.P. boosted its holdings in shares of Freshpet by 10.2% in the second quarter. Alliancebernstein L.P. now owns 2,537,586 shares of the company’s stock valued at $42,124,000 after buying an additional 233,847 shares during the period. Gilder Gagnon Howe & Co. LLC boosted its holdings in shares of 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 buying an additional 907,644 shares during the period. Vanguard Group Inc. boosted its holdings in Freshpet by 3.6% during the second quarter. Vanguard Group Inc. now owns 1,095,224 shares of the company’s stock worth $18,181,000 after purchasing an additional 37,762 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Freshpet by 7.4% during the third quarter. JPMorgan Chase & Co. now owns 1,062,292 shares of the company’s stock worth $16,573,000 after purchasing an additional 73,182 shares during the last quarter. Finally, Emerald Advisers Inc. PA boosted its holdings in Freshpet by 27.1% during the third quarter. Emerald Advisers Inc. PA now owns 860,124 shares of the company’s stock worth $13,461,000 after purchasing an additional 183,620 shares during the last quarter. Institutional investors own 69.77% of the company’s stock.
Several analysts have recently weighed in on FRPT shares. Oppenheimer reiterated a “hold” rating on shares of Freshpet in a research report on Friday, December 1st. TheStreet raised shares of Freshpet from a “d+” rating to a “c-” rating in a research note on Thursday, November 30th. Robert W. Baird set a $20.00 target price on shares of Freshpet and gave the stock a “buy” rating in a research note on Sunday, October 15th. Credit Suisse Group boosted their price target on shares of Freshpet from $15.00 to $17.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 7th. Finally, Susquehanna Bancshares began coverage on shares of Freshpet in a research note on Monday, October 2nd. They issued a “neutral” rating and a $15.00 target price for the company. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $18.36.
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Freshpet Company Profile
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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