Freshpet Inc (NASDAQ:FRPT) EVP Stephen Weise Sells 5,000 Shares

Freshpet Inc (NASDAQ:FRPT) EVP Stephen Weise sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $47.50, for a total transaction of $237,500.00. Following the sale, the executive vice president now owns 5,000 shares of the company’s stock, valued at approximately $237,500. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Shares of NASDAQ FRPT traded down $0.54 during mid-day trading on Monday, reaching $46.99. 498,476 shares of the company were exchanged, compared to its average volume of 269,429. Freshpet Inc has a 52 week low of $23.30 and a 52 week high of $49.41. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.72 and a current ratio of 1.08. The company has a market capitalization of $1.71 billion, a P/E ratio of -313.27 and a beta of 1.22.

Freshpet (NASDAQ:FRPT) last posted its quarterly earnings data on Monday, May 6th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.01). The company had revenue of $54.80 million for the quarter, compared to the consensus estimate of $54.28 million. Freshpet had a negative return on equity of 4.46% and a negative net margin of 2.57%. The business’s revenue was up 26.9% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.10) earnings per share. As a group, analysts forecast that Freshpet Inc will post 0.08 EPS for the current fiscal year.

A number of research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Freshpet from a “strong sell” rating to a “hold” rating and set a $51.00 price objective for the company in a research note on Monday, May 6th. BidaskClub raised shares of Freshpet from a “buy” rating to a “strong-buy” rating in a report on Tuesday, April 30th. TheStreet downgraded shares of Freshpet from a “b” rating to a “c” rating in a report on Monday, April 1st. Credit Suisse Group set a $36.00 price objective on shares of Freshpet and gave the stock a “neutral” rating in a report on Tuesday, March 5th. Finally, Imperial Capital reaffirmed an “in-line” rating and set a $40.00 price objective (up from $35.00) on shares of Freshpet in a report on Monday, March 4th. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. Freshpet currently has an average rating of “Buy” and an average target price of $40.00.

Institutional investors have recently bought and sold shares of the business. Advisor Group Inc. increased its position in shares of Freshpet by 1,008.8% in the first quarter. Advisor Group Inc. now owns 632 shares of the company’s stock valued at $26,000 after acquiring an additional 575 shares during the period. Great West Life Assurance Co. Can bought a new position in shares of Freshpet in the fourth quarter worth approximately $58,000. NumerixS Investment Technologies Inc bought a new position in shares of Freshpet in the first quarter worth approximately $120,000. SG Americas Securities LLC bought a new position in shares of Freshpet in the first quarter worth approximately $140,000. Finally, Quantamental Technologies LLC bought a new position in shares of Freshpet in the first quarter worth approximately $190,000. 86.75% of the stock is owned by institutional investors and hedge funds.

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Freshpet Company Profile

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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Insider Buying and Selling by Quarter for Freshpet (NASDAQ:FRPT)

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