Daryl Brewster Acquires 211 Shares of Freshpet (NASDAQ:FRPT) Stock

Freshpet, Inc. (NASDAQ:FRPT) Director Daryl Brewster acquired 211 shares of the business’s stock in a transaction on Wednesday, May 20th. The stock was acquired at an average price of $47.52 per share, with a total value of $10,026.72. Following the transaction, the director directly owned 59,545 shares of the company’s stock, valued at $2,829,578.40. This represents a 0.36% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Freshpet Price Performance

NASDAQ:FRPT traded up $0.28 during trading hours on Friday, hitting $51.58. The company’s stock had a trading volume of 1,708,536 shares, compared to its average volume of 1,533,494. The business’s 50-day moving average is $61.76 and its two-hundred day moving average is $64.27. The company has a market capitalization of $2.53 billion, a PE ratio of 13.79 and a beta of 1.73. The company has a debt-to-equity ratio of 0.34, a quick ratio of 5.26 and a current ratio of 6.18. Freshpet, Inc. has a 52-week low of $46.45 and a 52-week high of $86.31.

Freshpet (NASDAQ:FRPT) last released its quarterly earnings data on Monday, February 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.21. The firm had revenue of $285.23 million during the quarter, compared to analysts’ expectations of $285.66 million. Freshpet had a return on equity of 6.22% and a net margin of 17.63%.Freshpet’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.36 earnings per share. As a group, research analysts anticipate that Freshpet, Inc. will post 1.71 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Optimize Financial Inc increased its stake in shares of Freshpet by 1.4% during the 4th quarter. Optimize Financial Inc now owns 10,957 shares of the company’s stock worth $668,000 after purchasing an additional 156 shares in the last quarter. Oregon Public Employees Retirement Fund increased its stake in shares of Freshpet by 1.5% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 11,164 shares of the company’s stock worth $680,000 after purchasing an additional 161 shares in the last quarter. Parallel Advisors LLC increased its stake in shares of Freshpet by 55.0% during the 3rd quarter. Parallel Advisors LLC now owns 555 shares of the company’s stock worth $31,000 after purchasing an additional 197 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in shares of Freshpet by 32.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 882 shares of the company’s stock worth $53,000 after purchasing an additional 214 shares in the last quarter. Finally, Ossiam increased its stake in shares of Freshpet by 81.1% during the 2nd quarter. Ossiam now owns 509 shares of the company’s stock worth $35,000 after purchasing an additional 228 shares in the last quarter.

Analysts Set New Price Targets

A number of research analysts have issued reports on FRPT shares. Oppenheimer raised shares of Freshpet from a “market perform” rating to an “outperform” rating and set a $80.00 target price for the company in a report on Friday, March 20th. Benchmark increased their target price on shares of Freshpet from $90.00 to $93.00 and gave the company a “buy” rating in a report on Monday, March 23rd. Piper Sandler increased their target price on shares of Freshpet from $80.00 to $87.00 and gave the company an “overweight” rating in a report on Wednesday, February 4th. TD Cowen raised shares of Freshpet from a “hold” rating to a “buy” rating and set a $80.00 target price for the company in a report on Wednesday, April 8th. Finally, Wells Fargo & Company dropped their price target on Freshpet from $78.00 to $75.00 and set an “overweight” rating for the company in a research report on Thursday, May 7th. Eleven equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $74.88.

Freshpet Company Profile

Freshpet Inc (NASDAQ: FRPT) is a leading pet food company specializing in fresh, refrigerated meals and treats for dogs and cats. The company’s products are formulated with carefully selected, natural ingredients and are designed to offer a higher level of nutrition and freshness than traditional dry or canned pet foods. Freshpet’s offerings include refrigerated rolls, pâtés and snacks, all of which are sold through the refrigerated section of grocery, mass-market and pet specialty stores.

Freshpet’s product portfolio is built around the concept of fresh, minimally processed recipes that do not require preservatives or artificial colors.