Freshpet Inc (NASDAQ:FRPT) CFO Richard A. Kassar sold 998 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $55.54, for a total value of $55,428.92. Following the completion of the transaction, the chief financial officer now owns 153,996 shares in the company, valued at approximately $8,552,937.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Shares of NASDAQ:FRPT traded down $0.20 during midday trading on Tuesday, hitting $54.31. The company had a trading volume of 183,700 shares, compared to its average volume of 336,983. Freshpet Inc has a twelve month low of $28.44 and a twelve month high of $56.50. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.36 and a quick ratio of 1.02. The stock has a market cap of $2.00 billion, a price-to-earnings ratio of -362.07 and a beta of 1.07. The business’s 50-day simple moving average is $51.01 and its 200-day simple moving average is $47.33.
Freshpet (NASDAQ:FRPT) last posted its quarterly earnings results on Monday, November 4th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.02). Freshpet had a negative net margin of 1.84% and a negative return on equity of 3.52%. The company had revenue of $65.27 million during the quarter, compared to analyst estimates of $64.37 million. The firm’s revenue was up 28.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Freshpet Inc will post 0.02 EPS for the current year.
Several large investors have recently bought and sold shares of the stock. Carillon Tower Advisers Inc. increased its holdings in shares of Freshpet by 1.2% in the third quarter. Carillon Tower Advisers Inc. now owns 554,828 shares of the company’s stock valued at $27,614,000 after purchasing an additional 6,420 shares during the last quarter. Eagle Asset Management Inc. increased its holdings in shares of Freshpet by 2.8% in the third quarter. Eagle Asset Management Inc. now owns 607,551 shares of the company’s stock valued at $30,237,000 after purchasing an additional 16,310 shares during the last quarter. Russell Investments Group Ltd. acquired a new stake in shares of Freshpet in the third quarter valued at approximately $269,000. California Public Employees Retirement System increased its holdings in shares of Freshpet by 127.3% in the third quarter. California Public Employees Retirement System now owns 82,607 shares of the company’s stock valued at $4,111,000 after purchasing an additional 46,261 shares during the last quarter. Finally, Fisher Asset Management LLC increased its holdings in shares of Freshpet by 27.7% in the third quarter. Fisher Asset Management LLC now owns 138,012 shares of the company’s stock valued at $6,869,000 after purchasing an additional 29,937 shares during the last quarter. 95.88% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts have recently weighed in on the company. Zacks Investment Research downgraded Freshpet from a “buy” rating to a “hold” rating in a research report on Wednesday, November 6th. Stifel Nicolaus set a $57.00 target price on Freshpet and gave the company a “buy” rating in a research report on Friday, September 13th. JPMorgan Chase & Co. upgraded Freshpet from a “neutral” rating to an “overweight” rating and raised their target price for the company from $46.00 to $58.00 in a research report on Tuesday, October 22nd. ValuEngine upgraded Freshpet from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. Finally, SunTrust Banks decreased their target price on Freshpet to $45.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 6th. They noted that the move was a valuation call. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $51.50.
Freshpet, Inc manufactures and markets natural fresh products, refrigerated meals, and treats for dogs and cats in the United States, Canada, and the United Kingdom. The company sells its products under the Freshpet brand; and Dognation and Dog Joy labels through various classes of retail, including grocery, mass, club, pet specialty, and natural, as well as online.
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