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

Freshpet, Inc. (NASDAQ:FRPT) President Scott James Morris sold 5,000 shares of the business’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $158.13, for a total value of $790,650.00. Following the sale, the president now directly owns 122,380 shares of the company’s stock, valued at approximately $19,351,949.40. This trade represents a 3.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Freshpet Stock Performance

NASDAQ:FRPT traded down $2.68 during trading hours on Wednesday, reaching $153.24. 323,197 shares of the stock were exchanged, compared to its average volume of 580,321. The stock has a market capitalization of $7.44 billion, a P/E ratio of 175.19 and a beta of 1.39. The firm has a 50 day simple moving average of $143.27 and a 200-day simple moving average of $134.22. The company has a quick ratio of 3.91, a current ratio of 4.72 and a debt-to-equity ratio of 0.41. Freshpet, Inc. has a 52 week low of $68.22 and a 52 week high of $160.91.

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

Institutional Investors Weigh In On Freshpet

Institutional investors have recently modified their holdings of the business. Wilmington Savings Fund Society FSB acquired a new position in Freshpet in the third quarter valued at approximately $32,000. Sanctuary Advisors LLC acquired a new position in Freshpet during the 3rd quarter valued at approximately $351,000. Virtu Financial LLC bought a new position in Freshpet during the 3rd quarter worth $226,000. Geode Capital Management LLC increased its position in Freshpet by 4.7% in the third quarter. Geode Capital Management LLC now owns 835,663 shares of the company’s stock worth $115,650,000 after buying an additional 37,287 shares during the period. Finally, M&T Bank Corp lifted its stake in Freshpet by 8.8% in the third quarter. M&T Bank Corp now owns 2,183 shares of the company’s stock valued at $299,000 after buying an additional 177 shares during the last quarter.

Analysts Set New Price Targets

A number of analysts recently issued reports on FRPT shares. JPMorgan Chase & Co. increased their target price on shares of Freshpet from $126.00 to $154.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. StockNews.com lowered shares of Freshpet from a “hold” rating to a “sell” rating in a research report on Wednesday, November 20th. TD Cowen lifted their target price on shares of Freshpet from $160.00 to $174.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Freshpet from $161.00 to $163.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Finally, Truist Financial raised their price objective on Freshpet from $160.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $157.80.

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.