Insider Selling: Freshpet, Inc. (NASDAQ:FRPT) President Sells $790,650.00 in Stock

Freshpet, Inc. (NASDAQ:FRPT) President Scott James Morris sold 5,000 shares of the business’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $158.13, for a total transaction of $790,650.00. Following the transaction, the president now owns 122,380 shares in the company, valued at approximately $19,351,949.40. This trade represents a 3.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Freshpet Stock Down 0.1 %

FRPT opened at $153.05 on Friday. Freshpet, Inc. has a 12 month low of $69.37 and a 12 month high of $160.91. The company has a market cap of $7.43 billion, a PE ratio of 171.97 and a beta of 1.39. The company has a current ratio of 4.72, a quick ratio of 3.91 and a debt-to-equity ratio of 0.41. The company has a 50 day moving average of $143.76 and a 200 day moving average of $134.49.

Freshpet (NASDAQ:FRPT) last posted its quarterly earnings results on Monday, November 4th. The company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.10. Freshpet had a return on equity of 3.67% and a net margin of 4.75%. The firm had revenue of $253.40 million during the quarter, compared to analyst estimates of $248.36 million. During the same period last year, the company earned ($0.15) earnings per share. The business’s revenue for the quarter was up 26.3% on a year-over-year basis. On average, sell-side analysts expect that Freshpet, Inc. will post 0.87 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. ORG Wealth Partners LLC purchased a new stake in shares of Freshpet in the third quarter worth about $29,000. Wilmington Savings Fund Society FSB purchased a new stake in Freshpet in the 3rd quarter worth approximately $32,000. ORG Partners LLC bought a new position in Freshpet in the 2nd quarter valued at $32,000. GAMMA Investing LLC grew its position in shares of Freshpet by 41.1% during the 2nd quarter. GAMMA Investing LLC now owns 371 shares of the company’s stock valued at $48,000 after purchasing an additional 108 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. increased its holdings in shares of Freshpet by 3,670.0% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 377 shares of the company’s stock worth $49,000 after purchasing an additional 367 shares during the period.

Analysts Set New Price Targets

FRPT has been the topic of a number of research analyst reports. JPMorgan Chase & Co. boosted their target price on Freshpet from $126.00 to $154.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Oppenheimer lifted their price target on Freshpet from $155.00 to $180.00 and gave the stock an “outperform” rating in a report on Thursday, November 14th. Robert W. Baird upped their price objective on Freshpet from $157.00 to $170.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. DA Davidson lifted their target price on Freshpet from $183.00 to $189.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Finally, StockNews.com lowered shares of Freshpet from a “hold” rating to a “sell” rating in a research report on Wednesday, November 20th. One 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. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $157.80.

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.