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 firm’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $158.13, for a total value of $790,650.00. Following the completion of the sale, the president now 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Freshpet Stock Down 1.7 %

Shares of NASDAQ:FRPT opened at $153.24 on Friday. The company has a 50 day moving average price of $143.52 and a two-hundred day moving average price of $134.36. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.91 and a current ratio of 4.72. The company has a market capitalization of $7.44 billion, a PE ratio of 172.18 and a beta of 1.39. 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, beating analysts’ consensus estimates of $0.14 by $0.10. The business had revenue of $253.40 million during the quarter, compared to analysts’ expectations of $248.36 million. Freshpet had a net margin of 4.75% and a return on equity of 3.67%. The firm’s quarterly revenue was up 26.3% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.15) EPS. Analysts forecast that Freshpet, Inc. will post 0.87 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on FRPT shares. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Freshpet from $161.00 to $163.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Wells Fargo & Company boosted their price objective on shares of Freshpet from $157.00 to $175.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. TD Cowen increased their price objective on Freshpet from $160.00 to $174.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. StockNews.com cut Freshpet from a “hold” rating to a “sell” rating in a research note on Wednesday, November 20th. Finally, Robert W. Baird upped their price target on Freshpet from $157.00 to $170.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $157.80.

Hedge Funds Weigh In On Freshpet

Several institutional investors have recently modified their holdings of the business. SG Americas Securities LLC bought a new stake in Freshpet during the 2nd quarter worth approximately $3,964,000. Geneva Capital Management LLC boosted its holdings in shares of Freshpet by 166.2% in the third quarter. Geneva Capital Management LLC now owns 84,221 shares of the company’s stock valued at $11,519,000 after buying an additional 52,584 shares during the period. Great Lakes Advisors LLC bought a new stake in shares of Freshpet during the second quarter worth $4,299,000. Transcendent Capital Group LLC bought a new stake in shares of Freshpet during the third quarter worth $1,465,000. Finally, M&G Plc acquired a new stake in shares of Freshpet during the second quarter worth $8,892,000.

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.