Freshpet, Inc. (NASDAQ:FRPT) insider Scott James Morris sold 20,000 shares of Freshpet stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $17.26, for a total transaction of $345,200.00. Following the completion of the transaction, the insider now owns 212,307 shares of the company’s stock, valued at approximately $3,664,418.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Scott James Morris also recently made the following trade(s):
- On Friday, November 10th, Scott James Morris sold 10,000 shares of Freshpet stock. The shares were sold at an average price of $17.20, for a total transaction of $172,000.00.
- On Friday, September 15th, Scott James Morris sold 2,101 shares of Freshpet stock. The shares were sold at an average price of $15.80, for a total transaction of $33,195.80.
Freshpet, Inc. (FRPT) opened at $18.20 on Friday. Freshpet, Inc. has a twelve month low of $8.60 and a twelve month high of $18.25.
Freshpet (NASDAQ:FRPT) last issued its quarterly earnings data on Monday, November 6th. The company reported ($0.01) earnings per share for the quarter, hitting the consensus estimate of ($0.01). The business had revenue of $41.20 million during the quarter, compared to the consensus estimate of $41.19 million. Freshpet had a negative net margin of 3.04% and a negative return on equity of 4.19%. The company’s revenue was up 19.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.02 EPS. analysts anticipate that Freshpet, Inc. will post -0.11 earnings per share for the current year.
Several research firms have commented on FRPT. Zacks Investment Research cut shares of Freshpet from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. Imperial Capital began coverage on shares of Freshpet in a report on Thursday, July 20th. They set an “in-line” rating and a $16.50 price target for the company. They noted that the move was a valuation call. SunTrust Banks, Inc. boosted their price target on shares of Freshpet from $15.00 to $20.00 and gave the stock a “buy” rating in a report on Tuesday, August 8th. 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 report on Tuesday, November 7th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $20.00 price target (up previously from $14.00) on shares of Freshpet in a report on Thursday, July 20th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $18.36.
Large investors have recently modified their holdings of the company. Bank of Montreal Can lifted its position in shares of Freshpet by 1.4% during the 2nd quarter. Bank of Montreal Can now owns 7,368 shares of the company’s stock worth $122,000 after buying an additional 103 shares during the last quarter. Goldman Sachs Group Inc. purchased a new stake in shares of Freshpet during the 1st quarter worth approximately $122,000. Voya Investment Management LLC purchased a new stake in shares of Freshpet during the 2nd quarter worth approximately $188,000. American International Group Inc. lifted its position in shares of Freshpet by 7.1% during the 1st quarter. American International Group Inc. now owns 13,762 shares of the company’s stock worth $151,000 after buying an additional 917 shares during the last quarter. Finally, UBS Asset Management Americas Inc. purchased a new stake in shares of Freshpet during the 1st quarter worth approximately $155,000. Institutional investors and hedge funds own 68.29% of the company’s stock.
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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