Freshpet Inc (NASDAQ:FRPT) EVP Sells $237,500.00 in Stock

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Freshpet Inc (NASDAQ:FRPT) EVP Stephen Weise sold 5,000 shares of the company’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 value of $237,500.00. Following the completion of the transaction, the executive vice president now owns 5,000 shares of the company’s stock, valued at approximately $237,500. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Freshpet stock opened at $47.51 on Thursday. The company has a market cap of $1.74 billion, a PE ratio of -316.73 and a beta of 1.22. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.08 and a quick ratio of 0.72. Freshpet Inc has a 52 week low of $23.95 and a 52 week high of $49.41.

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

A number of research firms have weighed in on FRPT. BidaskClub cut Freshpet from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Zacks Investment Research upgraded 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 cut Freshpet from a “b” rating to a “c” rating in a research note on Monday, April 1st. Imperial Capital reiterated an “in-line” rating and set a $40.00 target price (up from $35.00) on shares of Freshpet in a research note on Monday, March 4th. Finally, Credit Suisse Group set a $36.00 target price on Freshpet and gave the company a “neutral” rating in a research note on Tuesday, March 5th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $40.00.

Several institutional investors have recently added to or reduced their stakes in FRPT. Rhumbline Advisers boosted its position in Freshpet by 47.2% during the fourth quarter. Rhumbline Advisers now owns 34,841 shares of the company’s stock worth $1,120,000 after acquiring an additional 11,176 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its holdings in Freshpet by 7.4% in the 4th quarter. State Board of Administration of Florida Retirement System now owns 10,874 shares of the company’s stock valued at $350,000 after purchasing an additional 753 shares during the last quarter. Affinity Investment Advisors LLC acquired a new position in Freshpet in the 4th quarter valued at about $362,000. Victory Capital Management Inc. boosted its holdings in Freshpet by 35.2% in the 4th quarter. Victory Capital Management Inc. now owns 881,112 shares of the company’s stock valued at $28,336,000 after purchasing an additional 229,352 shares during the last quarter. Finally, WINTON GROUP Ltd boosted its holdings in Freshpet by 4.5% in the 4th quarter. WINTON GROUP Ltd now owns 18,369 shares of the company’s stock valued at $591,000 after purchasing an additional 789 shares during the last quarter. Institutional investors own 86.75% of the company’s stock.

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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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