Freshpet Inc (NASDAQ:FRPT) Insider Sells $992,780.88 in Stock

Freshpet Inc (NASDAQ:FRPT) insider Scott James Morris sold 20,436 shares of the company’s stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $48.58, for a total value of $992,780.88. Following the completion of the transaction, the insider now directly owns 168,510 shares of the company’s stock, valued at $8,186,215.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Scott James Morris also recently made the following trade(s):

  • On Friday, June 7th, Scott James Morris sold 49,766 shares of Freshpet stock. The shares were sold at an average price of $47.79, for a total value of $2,378,317.14.

NASDAQ FRPT traded down $0.99 on Wednesday, reaching $47.51. The stock had a trading volume of 357,584 shares, compared to its average volume of 273,566. The company has a current ratio of 1.08, a quick ratio of 0.72 and a debt-to-equity ratio of 0.07. Freshpet Inc has a 12-month low of $23.95 and a 12-month high of $49.41. The stock has a market cap of $1.70 billion, a P/E ratio of -316.73 and a beta of 1.22.

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

Hedge funds and other institutional investors have recently modified their holdings of the business. Two Sigma Investments LP lifted its stake in Freshpet by 86.0% in the fourth quarter. Two Sigma Investments LP now owns 187,470 shares of the company’s stock valued at $6,029,000 after buying an additional 86,696 shares during the last quarter. WINTON GROUP Ltd lifted its stake in Freshpet by 4.5% in the fourth quarter. WINTON GROUP Ltd now owns 18,369 shares of the company’s stock valued at $591,000 after buying an additional 789 shares during the last quarter. Macquarie Group Ltd. purchased a new stake in Freshpet in the fourth quarter valued at approximately $246,000. Pathlight Investors LLC purchased a new stake in Freshpet in the fourth quarter valued at approximately $202,000. Finally, Victory Capital Management Inc. raised its stake in shares of Freshpet by 35.2% during the fourth quarter. Victory Capital Management Inc. now owns 881,112 shares of the company’s stock worth $28,336,000 after purchasing an additional 229,352 shares during the last quarter. Institutional investors own 86.75% of the company’s stock.

A number of brokerages recently issued reports on FRPT. BidaskClub downgraded Freshpet from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Zacks Investment Research raised Freshpet from a “strong sell” rating to a “hold” rating and set a $51.00 price target for the company in a report on Monday, May 6th. TheStreet downgraded Freshpet from a “b” rating to a “c” rating in a report on Monday, April 1st. Credit Suisse Group set a $36.00 price target on Freshpet and gave the company a “neutral” rating in a report on Tuesday, March 5th. Finally, Imperial Capital reaffirmed an “in-line” rating and issued a $40.00 price target (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 and four have given a buy rating to the company’s stock. Freshpet currently has a consensus rating of “Buy” and a consensus target price of $40.00.

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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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